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Ripple Lawsuit Pending Verdict Fueling XRP Price?
XRP Lawsuit News: The global digital asset market is riding on an upward trend amid the ongoing banking crisis. XRP, Ripple’s native token has turned out to be the biggest winner among the largest digital assets in the market. However, the recent XRP price rally is backed by several different factors, and the pending Summary Judgment in the Ripple Vs SEC lawsuit is just one of them.
XRP Close In To Get Full Clarity
XRP price has managed to surge by 47% over the past 30 days, which is recorded as the highest gain by any top 50 cryptos. Analyst suggests that Ripple’s native token has been highly undervalued and suppressed for years just because the U.S. SEC launched a lawsuit against Ripple and its executives.
XRP Ledger (XRPL) witnessed a surge of projects being developed on it which resulted in a boost for the XRP use case. This includes upcoming developments such as smart contracts, sidechains, and more.
However, as the XRP lawsuit closes in for much awaited Summary Judgment, Ripple’s token is generating some heavy gains. XRP price is up by 69% on the year to date (YTD) basis, which completely projects a good picture coming up for the community. Read More XRP Lawsuit News Here…
Also Read: XRP Lawsuit Summary Judgment May Land This Week, Suggests Case Insider
The end of the Ripple Vs US SEC lawsuit will eventually bring much needed clarity around the crypto regulation for the market. Meanwhile, a potential win will renounce XRP as the only crypto getting full clarity.
XRP upward run is the outcome of combined events that have managed to build a positive cycle for the token. March has proven to be an impressive recovery month for XRP as its price has surged by over 44% over the past 2 weeks. While XRP jumped by a whopping 19% in the last 24 hours.
Also Read: XRP Price Spikes By 19%, Breaches $0.56 level; What’s Happening?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
