Ripple’s XRP Prepares An Entry to the Top 5 After Flipping Cardano and Solana

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As the cryptocurrency market surges past once again above $2.o trillion valuations, Ripple’s XRP has been one of the biggest daily gainers among the top ten cryptocurrencies.

The XRP price is up 20% over the last 24 hours and is currently trading at $0.90 with a market cap of $42.9 billion. With this recent move, XRP has flipped giants like Cardano and Solana as it prepares for the next major rally for an entry back into the coveted top-five crypto club.

On-chain data provider Santiment reports that XRP recent price surge comes amid strong growth in its daily active addresses. The data provider reported:

#advanceampads0#
Courtesy: Santiment

Updates In Ripple Vs SEC Case

The Ripple vs SEC case is taking a turn that’s preferably good for the crypto startup. Judge Analisa Torres has recently ordered the unsealing of three documents in the Ripple vs SEC case.

However, lawyer John E Deaton stated that “It will be near impossible to prove any real correlation between #XRP’s price and public announcements by @Ripple (ie partnerships). The SEC must also prove Garlinghouse and Larsen sold #XRP in the USA”.

The market is rather seeing it as a net positive for XRP which has already been reflected in its price. The Ripple vs SEC case is progressing fast and market analysts believe that it might come to its conclusion by April 2022.

Any positive hearing in favor of Ripple is likely to drive prices higher. As XRP has already made a move above $0.90, we can expect it to cross $1.0 in the near term. The year 2022 could prove to be a defining one for XRP investors.

Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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