MEXCXRP Decouples From Top Cryptos As Ripple Gains Lead In SEC Lawsuit
XRP News: The global crypto market cap register a drop of around 1.5% on Thursday as seller pressure takes over. The biggest digital assets Bitcoin (BTC) and Ethereum (ETH) price printed red indexes while Ripple’s native token, XRP has managed to gain control over the bears amid the recent dump.
XRP Beats Bitcoin
XRP has emerged as one of the top gaining cryptos while the cumulative digital asset market cap dropped below the crucial $1 trillion mark. However, XRP has turned out to be the biggest gainer among the top 10 cryptos.
XRP price has surged by almost 4% over the past 24 hours beating the ongoing sellers’ sentiment. As per the data, Ripple’s native token has turned out to be the only crypto among the biggest 10 digital assets to print green indexes over the past 7 days. XRP price is up by over 2% in the last 7 days while Bitcoin price has dropped by more than 7%.
XRP is trading at an average price of $0.387, at the press time. However, its 24 hour trading volume is up by 21% to stand at $1.9 billion.On-chain data depicts that the crypto whale addresses are moving millions of XRP over exchanges in reaction to the latest rulings in the long running US SEC Vs Ripple lawsuit. Read More XRP News Here…
Ripple In The Lead Against US SEC?
The legal tussle between the US SEC and Ripple saw some progression toward the much awaited Summary Judgement. US District Judge, Analisa Torres, dropped rulings around the motion to preclude experts’ testimony raised by the parties. The judge granted Ripple and US SEC’s requests in part keeping the summary judgment and trial in sight.
As per the data, whales moved more than 208 million XRP (approx worth $61 million) have been moved in multiple transactions in the last 24 hours. The biggest transaction recorded by the tracker has been of moving $58 million worth of XRP tokens across the whale wallets.
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