In a surprising move, the Madras High Court in India officially ruled that cryptocurrencies are “property capable of being possessed and held in trust,” basically giving them full legal recognition under Indian law.
The case started when a user named Rhutikumari sued WazirX after the exchange froze her account, which held 3,532.30 XRP worth around $9,400. The issue traced back to WazirX’s response to a massive $235 million hack in July 2024. To cover the losses, the exchange came up with a “socialization of losses” plan, meaning everyone’s funds would take a hit to share the damage.
Rhutikumari was not having it, and neither was the court. The judge ruled in her favor. Stopping WazirX from touching her XRP and ordering them to provide a bank guarantee of about $11,500 while the case continues.
Why This Matters and Could This Unlock Global Legal Recognition?
This ruling is a big win for Indian crypto holders since it officially confirms that owning crypto in India is legally protected, just like any other type of property. It gives investors a stronger legal base in cases like hacks, frozen accounts, or exchange troubles.
One of the biggest issues with crypto worldwide has always been legal “fuzziness.” No one knowing exactly how it’s treated under the law.
Clearing that up could seriously boost investor confidence, attract more adoption. Maybe even push up domestic demand for assets like XRP if other countries follow India, the US, the UK, and Singapore in treating crypto like property.
BREAKING: @Ripple just dropped a new video! #XRP
IT'S HAPPENING
— JackTheRippler © (@RippleXrpie) November 4, 2025
XRP Price Prediction: Is a $3 Comeback on the Way?
Ripple USD (RLUSD) has officially entered the top 10 USD stablecoins in under a year, crossing the $1 billion market cap milestone. With Ripple expanding its XRP-powered ecosystem and securing new partnerships, momentum is clearly building as the chart continues to show steady accumulation around the 2.00–2.60 range.
If XRP stays above 2.00, it should be fine. Especially since the current correction is more of a broader market issue. Right now, XRP’s price is sitting in that key demand zone where buyers usually step in to stop the drop and push things higher.
You can already see a small reaction forming there, and if it holds, XRP could start climbing toward the $2.30, $2.50, and maybe even $2.70 levels next.
The RSI is hovering around 50, showing things are pretty balanced for now. But if XRP slips under $2, that setup falls apart, and a deeper pullback would likely follow.
Pepenode Let You Have Your Own Bullrun Earning Crypto With Up To 627% APY
PepeNode is a virtual mining game that lets anyone earn crypto without mining hardware or paying electricity bills. In the game, you build and manage digital mining rigs, buy nodes, upgrade facilities, and grow your setup over time.
The better your setup, the more PEPENODE tokens you generate. As you level up, you earn rewards in meme coins. PepeNode also stands out with a sustainable token model. About 70% of upgrade tokens are burned permanently.
This deflationary design helps keep supply low and supports long-term value for players and token holders alike.
Even before launch, players can already stake their tokens and earn a wild 627% APY. It brings back that early Bitcoin mining vibe, except this time, it’s fully virtual, easy to join.
Head to the PepeNode site to buy today using ETH, BNB, USDT (ERC-20 and BEP-20), or even credit cards. It has raised over 2M within a short amount of time. Get in fast.
Visit the Official Website Here
The post XRP Price Prediction: Landmark Ruling in India Says XRP Is ‘Property’ – Could This Unlock Global Legal Recognition? appeared first on Cryptonews.
