In an unexpected twist that has both crypto enthusiasts and legal experts buzzing, the Madras High Court in India has officially recognized cryptocurrencies as property under the country’s legal framework. This landmark ruling redefines the status of digital currencies, branding them as “property capable of being possessed and held in trust,” effectively granting them significant legal recognition.
JUST IN: 🇮🇳 India’s Madras High Court legally recognizes $XRP as property, granting it protection under criminal law. pic.twitter.com/R0ytA2MmlH— Whale Insider (@WhaleInsider) November 5, 2025
The legal battle began when a user named Rhutikumari took WazirX, one of India’s leading cryptocurrency exchanges, to court after they froze her account. This account held a staggering 3,532.30 XRP, valued at approximately $9,400. The freeze was part of WazirX’s controversial response to a massive $235 million hack in July 2024, where they introduced a “socialization of losses” plan, effectively distributing the damage across users. Rhutikumari challenged this decision, and the court sided with her, halting WazirX from accessing her funds and mandating them to provide a bank guarantee of $11,500 while the case continues.
But why should this ruling matter to everyday investors and crypto advocates? The implications are profound—this decision represents a significant victory for cryptocurrency holders in India. It not only affirms that cryptocurrencies are legally protected property, akin to real estate or stocks, but it also establishes a firmer legal footing for investors in situations involving hacks, account freezes, or disputes with exchanges.
The global landscape of cryptocurrency regulation has often been clouded by ambiguity. Investors worldwide have grappled with uncertainty about how various legal systems view digital assets. This clarification could pave the way for broader acceptance and potentially attract more investors to the market. If other countries, including the US, UK, and Singapore, follow suit in recognizing cryptocurrencies as legitimate property, we could see a significant increase in domestic demand for assets like XRP.
🚨BREAKING: @Ripple just dropped a new video! #XRP💥IT’S HAPPENING💥 pic.twitter.com/HRvPtrdxFD— JackTheRippler ©️ (@RippleXrpie) November 4, 2025
With this newfound legal recognition, XRP’s price outlook looks increasingly promising. Recently, the coin has made headlines for its remarkable performance, officially entering the top 10 USD stablecoins and surpassing the $1 billion market cap milestone in less than a year. With Ripple expanding its ecosystem and forging new partnerships, the momentum for XRP appears to be building steadily. Currently, the asset is consolidating within a crucial price range of $2.00 to $2.60.
Currently trading near the $2 mark, XRP finds itself at a critical juncture. Historically, this price zone has been where buyers step in to stabilize the market. Recent indicators suggest that if XRP maintains above $2, the token may soon surge back toward the $2.30, $2.50, and possibly even the $2.70 thresholds. The technical metrics also indicate a balanced sentiment, with the Relative Strength Index (RSI) hovering around the 50 mark, denoting a state of equilibrium in buyer and seller activity. However, a drop below $2 could unravel this positive setup, leading to a potentially sharp downturn.
As the market continues to evolve, cryptocurrency enthusiasts are looking for ways to enhance their holdings. Projects like PepeNode offer innovative platforms where users can engage in virtual mining games that allow for earnings without the traditional barriers of mining hardware or energy costs. These engagements not only create a fun interaction with crypto but also open avenues for significant returns, with potential APYs soaring as high as 627%.
As the crypto landscape unfolds in India and around the world, one thing is clear—the recognition of cryptocurrencies as legal property could signal the dawn of a new era for digital assets. Investors and enthusiasts alike are watching closely, eager to see how this pivotal decision influences market dynamics and regulatory frameworks globally. The stakes are high, and the future looks promising for those ready to embrace the revolution of digital finance.