XRP Spikes As Ripple Looks Confident On Win Against SEC

XRP News: The global digital asset market printed red indexes on Friday depicting a surge in selling pressure over the past day. The biggest of the cryptos like Bitcoin (BTC) and Ethereum (ETH) registered a price drop of almost 2% in the last 24 hours. However, Ripple’s native Crypto, XRP seems to be doing a decoupling trick here by surging around 4%.

Also Read: Ripple CEO Warns “Confusing Laws” Will Push Crypto Firms To Leave US

Can XRP Maintain This Surge?

XRP turned out to be one of the biggest gainers while the crypto market continues to decline. XRP price jumped by 4% in the last 24 hours recovering from the past decline. Its 24 hours trading volume spiked by a whopping 43% to stand at $1.48 billion.

XRP is trading at an average price of $0.46, at the press time. However, XRP has gained the most in the tally of the top 10 cryptos over the past 7 days. Ripple’s native crypto price surged by over 8% in the last 7 days outperforming Bitcoin. Read More XRP News Here…

It is important to note that the XRP price was moving in a stagnant route until the U.S. district made a news announcement in the US SEC Vs Ripple lawsuit. Coingape reported that Judge Analisa Torres rejected the SEC’s motion to seal the infamous Hinman speech related documents.

Also Read: As Ripple Rejoices Court Win US SEC Holds Option To Appeal

However, the SEC still holds an option to appeal against the ruling. As the record set by the commission, it might utilize this option in order to delay the process.

As reported, both parties will talk it out over when and how documents might get released. Legal experts suggest that the commission holds 10 days to submit a reconsideration since the verdict was announced.