Altcoin
XRP Price Decouples From Market FUD; Posts Huge Gains
XRP News: The global cryptocurrency market is trading under increased selling pressure due to recent actions taken against the industry by the top financial watchdogs. The biggest of the cryptocurrencies has printed red indexes over the past 30 days. However, Ripple’s native crypto, XRP price has managed to record a whopping surge over the same period of time, decoupling from the recent market sentiments.
Also Read: XRP Fair Market Value Stands Between $3.5k To $22K: Report
XRP Beats Bitcoin, Ethereum
The global crypto market cap took a major hit this week as the U.S. Securities and Exchange Commission (SEC) filed charges against Binance and Coinbasse, two of the world’s largest crypto exchanges, for allegedly violating operational rules. The cumulative market cap stands at around $1.1 trillion.
However, XRP Token which is also facing legal complications from the U.S. SEC has managed to perform a decoupling trick in the last 30 days.
XRP price registered a surge of almost 25% over the past 30 days outperforming the world’s two biggest crypto Bitcoin (BTC) and Ethereum (ETH). As per the data, Bitcoin and Ethereum prices declined by 4% and 1%, respectively. Read More XRP News Here…
Ripple Lawsuit Updates Backs Price Rally
Ripple’s native crypto is riding on an upward trend posting huge gains since the beginning of 2023. XRP price surging by 44% in the last 90 days depicts the investors’ positive sentiments toward the token. However, this massive price rally for the token comes after the U.S. District Court produced several rulings in favor of Ripple in the U.S. SEC lawsuit.
After the recent U.S. SEC attack on the crypto market, industry experts and leaders are eagerly waiting for the release of crucial Hinman Speech documents and emails which allegedly concluded that Ether (ETH) is not a security.
Also Read: Pro XRP Lawyer Drops New Evidence Supporting XRP Isn’t A Security
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.
