Ripple and XRP token found a place on the agenda of the market. Recent lawsuit decisions in favor of Ripple and the rising XRP price in bear market conditions are among the most talked about topics.
Recently, Ripple CEO Brad Garlinghouse said that the court battle with the US SEC had ended “extremely well.”
Ripple (XRP) increase
The XRP token has managed to break out of the current market crash. Typically, altcoins respond to Bitcoin (BTC) price action. BTC is down 2.60% in the last 24 hours and is trading below the $41,000 price level. On the other hand, Ripple price has increased by over 5% in the last 24 hours. Meanwhile, XPR’s 24-hour trading volume has also increased by over 50%. The price surge put the coin on the list of the day’s top earners.
Moreover, crypto whales are busy adding some more XRP tokens to their wallets. According to WhaleAlerts, the whales added about $45.8 million worth of XRP to their savings. Also recently, Ripple’s native token surpassed Solana (SOL) token to become the 6th largest cryptocurrency.
Is the XRP case about to be closed?
Some days it is difficult to find the reason behind the price increase of a cryptocurrency. However, the jump in XRP’s price seems to be supported by recent confident comments from the Ripple CEO regarding the long-running lawsuit against them. Garlinghouse is confident that his case with the SEC is about to be settled.
In an interview with CNBC, Garlinghouse stated that the case is going much better than he expected. He believes the justice procedure has been a bit slow as the case has been extended for over 15 months. He claimed that this lawsuit is important not just for Ripple, but for the entire crypto industry.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.