Game-Changer: Indian Court Recognizes XRP as Property in WazirX Verdict, Next Stop, $3?

Madras High Court Recognizes Crypto as Property in Landmark Ruling In a groundbreaking decision poised to reshape India’s digital asset landscape, the Madras High Court has officially recognized cryptocurrencies as property under Indian law, a first-of-its-kind ruling that provides long-awaited legal clarity for crypto holders ￰0￱ case centered on WazirX, India’s largest cryptocurrency exchange, which suffered a massive $234 million hack in July ￰1￱ the aftermath, the exchange reportedly attempted to redistribute a customer’s 3,532 XRP holdings to offset part of the losses resulting from the ￰2￱ affected user filed a legal challenge, arguing that the assets held on the platform rightfully belonged to customers, not the exchange.

Notably, the Madras High Court ruled in favor of the customer, barring WazirX from reallocating the XRP and firmly establishing that digital assets are the legal property of their owners, even when held in exchange ￰3￱ decision effectively confirms that cryptocurrency holdings enjoy the same legal protections as traditional property such as stocks, bonds, or real ￰4￱ ruling sets a powerful legal precedent, establishing a clear framework for how digital assets are owned, inherited, and protected in financial ￰5￱ formally recognizing crypto as property, the court has delivered long-awaited regulatory clarity, a move that could greatly boost investor confidence and accelerate the growth of India’s crypto ￰6￱ does this mean for crypto exchanges?

Well, the ruling raises the bar on ￰7￱ must now enforce stronger custodial standards that safeguard user assets with full ￰8￱ restricting exchanges from tapping customer funds to absorb operational risks, including hacks, the verdict reinforces a fundamental financial principle: client assets are never to be touched. Therefore, this ruling could accelerate India’s long-awaited crypto ￰9￱ having taxation policies in place, the country still lacks a clear legal framework for digital asset trading and ￰10￱ formally recognizing cryptocurrencies as property, the decision puts pressure on lawmakers to fast-track policies that foster innovation while safeguarding ￰11￱ $2.50 XRP’s Launchpad to $3?

XRP is regaining strong market momentum as traders zero in on a crucial price threshold that could ignite its next major rally. On-chain insights from TerraNews indicate that the critical support zone of $2.50 may trigger the long-awaited surge toward the $3 milestone. XRP’s consolidation phase is giving way to renewed momentum, fueled by rising liquidity and stronger market ￰12￱ reports increasing whale accumulation, slowing exchange outflows, and improving network activity, key on-chain signals that have historically preceded major rallies. Together, they reinforce expectations that XRP is gearing up for a bullish breakout and a new growth ￰13￱ next?

Well, a firm hold above $2.50 could flip momentum firmly in favor of the bulls, clearing a path toward $2.80 and setting the stage for a long-awaited challenge of $3, a level XRP hasn’t reached in years. Meanwhile, Ripple’s expanding global partnerships and accelerating real-world blockchain adoption add fuel to the bullish ￰14￱ XRP trading at $2.63 and bullish momentum building, a breakout toward $3 is increasingly within reach, and the market is watching ￰15￱ The Madras High Court’s ruling isn’t just a victory for a single WazirX user, it’s a defining moment for India’s digital finance ￰16￱ affirming that cryptocurrencies like XRP are legally protected property, the decision strengthens investor rights and reinforces strict custodial responsibility for ￰17￱ XRP now holding above the crucial $2.50 level, momentum is building toward a decisive test of $3, a breakout that could signal the next major phase of its rally.