XRP’s Price Up Slightly Following SEC Lawsuit Updates -Breaking
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XRP’s Price Up Slightly Following SEC Lawsuit Updates- CoinMarketCap.com reports that XRP (XRP), is up by 3+% against U.S. Dollar over the last 24 hour.
- The coin’s strength against the largest crypto coins by market cap, (BTC) and (ETH), has weakened slightly.
- The 3+% rise in Ripple’s price is still overshadowed by its dismal weekly performance from last week where its price dropped by just over 10%.
CoinMarketCap reports that (XRP) has risen 3+% to the U.S. Dollar in 24 hours. However, the coin’s strength against the largest crypto coins by market cap, Bitcoin (BTC) and Ethereum (ETH), has weakened slightly. XRP is now down by around 1% against BTC but only 2.2% against ETH.
Currently ranked number 8 in terms of market cap, XRP experienced a near 50% increase in trading volume in the last 24 hours, with its 24-hour trading volume currently standing at $2,208,529,055 – approximately worth 3,213,819,315 XRP. The coin’s market cap is $33,057803,960. This represents an increase of 3.39%.
The 3+% rise in XRP’s price is still overshadowed by its dismal weekly performance from last week where its price dropped by just over 10%. At $0.686, the current price for XRP is $0.686.
Last week’s drop in price was due to negative reactions from the community to the news that Ripple and SEC might push the deadline for their multi-year-old lawsuit to 2022. As a result, the XRP community is eagerly awaiting the verdict of the lawsuit. A win for the wider crypto community would be a welcome development.
XRP holders were optimistic when they heard yesterday that Ripple (and SEC) had agreed to extend the deadline for the lawsuit. The poor performance of the currency over the last week shows that most of the community wants the lawsuit to end.
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