Ripple (XRP), one of the most popular blockchain projects, has shown a sharp rise of close to 30%. So what is the reason for this rise?
Even if the cryptocurrency market has shown a great bullish performance in the past few months, XRP from this rise he hadn’t had enough. However, XRP experienced around 15.00 TSI yesterday. big rise pleased its investors.
With Ripple’s sudden price increase %27 soaring $0.389 from the levels $0.492 reached levels. Ripple ends with this rise Biggest price on a daily basis in 2 years experienced an increase.
What Triggered the Rise?
between Ripple and the U.S. Securities and Exchange Commission (SEC) securities case The thought that it will result in the near future and the statements from the authorities close to the subject were effective in this rise.
US District Judge Analise Torres made a decision in favor of Ripple. Torres also dismissed expert Patrick Doody, who testified against XRP, while deciding to exclude SEC and Ripple witnesses from the soon-to-be-announced summary judgment.
He also acted as Ripple’s attorney. John Deatonstated that he expects a decision in the case between SEC-Ripple in a short time and that he will be very surprised if this period exceeds 30 days.
on the other hand US bankruptcy court Judge Michael Wiles In a recent hearing, of the SEC Binance US.’s bankrupt crypto lending platform Voyager Digital 1.02 for billions of dollars buy against his attempt your objection other purposes since it contains He had expressed doubt. On top of that, Ripple investors think that these two cases have the same verdict and they will win the case.
According to CoinGecko data, XRP, which exhibited a 19% increase in the last 24-hour period, $0.46traded from.