NewsletterXRP losing Steam While Ripple Lawsuit Nears Summary Judgement
XRP News: Ripple’s native token, XRP turned out to be the biggest loser among the top 10 cryptocurrencies on the basis of the past 7 days’ data. XRP losing streak continues while the other largest crypto is surfing on the relief rally. However, the long running legal tussle between U.S. Securities and Exchange Commission (SEC) and Ripple Labs is waiting for a much anticipated Summary Judgement.
XRP Price On A Decline
As per data, XRP price have been printing red indexes over the past week. Its price has dropped by almost 7% in the last 7 days. However, its close competitor Cardano (ADA) has printed green indexes with a surge of 6% in the same period.
Seems like the BSC whales have halted their XRP accumulation for a time. As per the latest data, the top 100 BSC whales hold $26.87 million worth of XRP tokens. However, BSC whales reported the exact same holding on March 10, 2023.
However, XRP made it to the list of the top 10 cryptos purchased among the top 4000 biggest BSC whales over the past 24 hours. The biggest of the 4000 BSC whales holds around $27,08 million worth of XRP. Read More XRP News Here…
XRP Price has dropped by 6% in the last 24 hours, It is trading at an average price of $0.36, at the press time. Its 24 hour trading volume registered a decline of 21% to stand at $1.2 billion.
Almost 1 Billion XRP Moved Amid Ripple CEO’s SVB Exposure Talks | Read Here
In the latest XRP lawsuit filings, District Court Judge, Analisa Torres gave out a ruling on the pending Expert Testimony. The order stated that both pirates’ (Ripple and US SEC) motion to preclude testimony has been partly granted. This marks the rejection of the inclusion of experts’ testimony betting against Ripple and XRP.
However, a summary Judgment is yet to be announced in the case. Amicus Curiae in the XRP lawsuit highlighted that the ruling will be coming in a couple of weeks from now.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Expert Predicts Further Downside For Bitcoin As Fear and Greed Index Drops To 10
- Solana and XRP ETFs Attract Fresh Inflows Even as Crypto Market Falls
- BLS to Release Jobs Report on Nov. 20 as Uncertainty Over Fed Rate Cut Persists
- JPMorgan calls Bitcoin Price Bottom, Predicts It Will Challenge Gold Next Year
- Zcash to Surpass XRP? Arthur Hayes Makes Bold Claim Amid ZEC’s 45% Rally
- Litecoin Price: With a 12% Surge and Pearson BTC Correlation at –0.01, Is LTC Gearing Up for $125?
- What’s Next for Chainlink Price After 53.87 Million Tokens Accumulated
- What the New Bitcoin Model Predicts About a Possible $200K BTC Price Target?
- Zcash Price Soars 45%: Here’s Why
- Bitcoin Price Pattern Points to a Crash to $62k as Fed Cut Odds Fall to 54%
- Zcash Price Defies Market Crash: Will Shrinking Exchange Netflows Keep ZEC Rallying?
