Ripple (XRP), and the United States Securities and Exchange Commission have been in a lengthy ongoing legal battle. Throughout the case, Ripple’s native token, XRP, has not seen any progressive growth. Even before extreme crypto winter, this stagnation has continued.
Recently, however, things have taken a dramatic turn for XRP. The case ruling has positively affected the value of XRP. The cryptocurrency coin is slowly becoming the preferred choice of most BSC whales.
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XRP has been more stable in spite of the crypto market collapse. It’s among the rare tokens that have not demonstrated a massive swing in value. In just 30 days, the XRP value has seen a marginal increase of 1%. The impressive trend contrasts with the dominating crypto Bitcoin. BTC prices have dropped almost 10% in the same period.
WhaleStatsIt showed that XRP had suddenly become one of the most widely used smart contract tokens. This trend was observed among all the BSC whales, which is between 1,000 and 500. According to the company’s records, approximately $15.3 million in large XRP tokens was owned by top-2,000 investors at BSC.
The announcement of the ongoing lawsuit between Ripple & SEC prompted a sharp increase in whale activities for XRP.
Through Judge Netburn’s pronouncement, the court has denied SEC’s assertions over Himan’s ETH speech. Also, the commission received the court’s mandate to produce all relevant internal documents.
In the court’s order, it stated that the commission must submit two redactions for in-camera review. Ripple’s attorney noted that the SEC could appeal the court’s decision to Judge Torres. Ripple’s attorney noted that the SEC might request an extension of one to two weeks in order for them to file the objection.
RippleXRP Adds more Pairs
Bitrue has announced that it will now support Ripple XRP tokens in a major development. According to the exchange’s statementIt will list as many as 10 pairs of XRP on its platform. The exchange also stated that it would list its pairs on crypto SAND and MANA, AAVE. ALGO. AR, APE. CHZ. HBAR.
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Data from a reliable source revealed that XRP was trading at $0.35 at time of writing. With an average trading volume of %1.11 trillion, XRP is currently at $0.35. Ripple XRP has a market capital of more than $15.22 Billion.
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