for over two years SEC continuing their legal struggle with Ripple (XRP) yesterday, it decoupled from the market in a positive way and experienced a great rise.
More than 20% increase in the last 24 hours XRPit went up to the levels of $ 0.49.
Returning some of its gains yesterday, XRP is trading at $0.45 at the time of writing, up 15% in the last 24 hours.
On the weekly chart, it is seen that XRP has increased by over 22%.
While this rise of XRP has delighted XRP investors, analysts evaluated the positive reports behind this rise that Ripple is in a good position to win the landmark case against the SEC.
According to Coinglass data, over $17 million in XRP futures were liquidated from investors who could not foresee this rise.
After this rise of XRP Ryan Selkis, founder and CEO of MessariA support statement came from XRP.
Despite his previous criticism of Ripple, Ryan Selkis said he wanted Ripple Labs to win over the SEC in its ongoing lawsuit.
Citing the high demand for XRP Ledger, Selkis said, “Due to this demand, XRP Ledger should be given the opportunity to compete fairly in digital payments globally” said.
I’ve been critical of Ripple in the past (various reasons), but more aligned with them than ever before.
Ripple should win the overreaching XRP-SEC case, and the XRP Ledger should be afforded the opportunity to compete fairly on digital payments infra globally.
Demand is there! https://t.co/fewaEami0p
— Ryan Selkis 🥷 (@twobitidiot) March 21, 2023
*Not investment advice.
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