The crypto market experienced a significant boost following a recent ruling by a U.S. court that Ripple's XRP does not qualify as a security. Judge Analisa Torres, presiding over a crucial case involving the SEC and the digital asset issuers, stated that XRP does not meet the criteria outlined in the Howey Test, which determines whether an investment offering is considered a security. As a result, XRP witnessed a remarkable surge of over 55% in just a few hours, reaching $0.73. Moreover, Ether saw a 6% increase and crossed the $2,000 mark for the first time since May. The overall market capitalization of the crypto industry also rose by 4.9% in the last 24 hours, near $1.29 trillion. Ripple Labs Inc., Brad Garlinghouse, and Chris Larsen, who have been facing legal proceedings with the SEC since 2020, were the defendants in this case. The positive market response suggests that investors and traders view this ruling as an indicator of the legal status of the entire digital asset space. Despite this development, experts, including Bill Hughes from Consensys, anticipate a potential appeal from the SEC in the future.