NewsletterXRP Price Decouples From Market FUD; Posts Huge Gains
XRP News: The global cryptocurrency market is trading under increased selling pressure due to recent actions taken against the industry by the top financial watchdogs. The biggest of the cryptocurrencies has printed red indexes over the past 30 days. However, Ripple’s native crypto, XRP price has managed to record a whopping surge over the same period of time, decoupling from the recent market sentiments.
Also Read: XRP Fair Market Value Stands Between $3.5k To $22K: Report
XRP Beats Bitcoin, Ethereum
The global crypto market cap took a major hit this week as the U.S. Securities and Exchange Commission (SEC) filed charges against Binance and Coinbasse, two of the world’s largest crypto exchanges, for allegedly violating operational rules. The cumulative market cap stands at around $1.1 trillion.
However, XRP Token which is also facing legal complications from the U.S. SEC has managed to perform a decoupling trick in the last 30 days.
XRP price registered a surge of almost 25% over the past 30 days outperforming the world’s two biggest crypto Bitcoin (BTC) and Ethereum (ETH). As per the data, Bitcoin and Ethereum prices declined by 4% and 1%, respectively. Read More XRP News Here…
Ripple Lawsuit Updates Backs Price Rally
Ripple’s native crypto is riding on an upward trend posting huge gains since the beginning of 2023. XRP price surging by 44% in the last 90 days depicts the investors’ positive sentiments toward the token. However, this massive price rally for the token comes after the U.S. District Court produced several rulings in favor of Ripple in the U.S. SEC lawsuit.
After the recent U.S. SEC attack on the crypto market, industry experts and leaders are eagerly waiting for the release of crucial Hinman Speech documents and emails which allegedly concluded that Ether (ETH) is not a security.
Also Read: Pro XRP Lawyer Drops New Evidence Supporting XRP Isn’t A Security
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
- Bitget Launches MONAD Earn With 20% APR, 800K MON Airdrop Campaign
- Michael Saylor’s Strategy Buys 130 Bitcoin, Establishes $1.44B Reserve For Dividend Payments
- Legendary Trader Peter Brandt Warns Deeper Bitcoin Price Crash Below $58K
- Bitcoin ETFs See Worst Month Since February With $3.5B Outflows as BTC Slumps Again
- Crypto Market Crash Erases Fed Rate Cut-Driven Bitcoin, ETH, XRP, SOL, ZEC Gains
- Is Pepe Coin Price at Risk After Forming This Bearish Pattern?
- Bitcoin Price Drops to $87K in a Rapid Crash: What Sparked the Sell-Off?
- Will Fusaka Upgrade Push Ethereum Price to New Highs?
- Bitcoin Price Poised for a $100k Run as Coinbase Premium Turns Positive
- XRP Price Prediction: Why XRP Could Rally to $3 This Week?
- Ethereum Price Prediction 2025: How High Can ETH Go by Year-End?
