Sign Up on MEXCXRP 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
- Cathie Wood’s Ark Invest Backs Nasdaq-Listed Solmate To Launch $300M Solana Treasury
- First U.S. Spot Dogecoin and XRP ETFs Launch as REX-Osprey Debuts DOJE and XRPR
- Analyst Calls $6 XRP Target for November Amid Ripple CEO’s White House Stockpile Hint
- Ethereum Faces Selloff Risks As Whales’ Unrealized Profit Hits 2021 Highs
- Expert Predicts 138% Shiba Inu Rally as SHIB Futures Listing Opens Spot ETF Path
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
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.
