XRP Rallies Over 37% Amid SEC Lawsuit Woes, Crypto Pundits Call it a Pump
 
 XRP, the fourth largest cryptocurrency was on a freefall for the past couple of days post the SEC lawsuit against its parent company Ripple. The price of the token took a massive toll registering over 50% dump within two days. XRP was consolidating above $0.50 prior to the lawsuit filing and fell to $0.25 post the announcement.
Many trade pundits called it a dead-end for XRP and believed that the token would practically become untradable owing to the security accusations made by the Security and Exchange Commission (SEC). Almost $346 million worth of XRP was moved yesterday by whales many predicting a pump to keep the market afloat, which is also one of the key accusations made against Ripple in the lawsuit.
The prediction about an incoming market pump did come true as XRP managed to rise by over 37% in the last 24 hours registering a daily high of $0.36. The crypto-token also lost its long-held third spot to Tether owing to the massive dump.

Another factor that might have played a part in the recent pump could be the relief offered by the SEC to crypto brokers and exchanges for listing and offering security tokens, offering them a form of immunity against regulatory clampdowns for the coming 5 years. Many crypto exchanges started delisting XRP tokens in the wake of the SEC lawsuit. Hong-Kong-based OSL, a Fidelity-backed crypto platform was the first to terminate XRP trading services followed by Beaxy exchange, while Bitwise announced they have liquidated their XRP funds.
Crypto Market Celebrates Christmas Rally

The cryptocurrency market regained most of its losses over the past couple of days to register a Christmas rally today. Bitcoin managed to climb above $23,500 again currently trading at $23,778 with a 2% price rise over the past 24 hours. Bitcoin consolidation above $23,000 has lasted longer than the entire bull rally back in 2017.
Etherum also claimed above $600 to register over 6% gains in the past 24 hours and currently trading at $617.53. Cardano made the second-highest gains after XRP, rising by over 12% seeing its price move above $0.15.
- Will Crypto Market Rebound or Crash Ahead as 10X Research Tips Shorting Ethereum?
- Sam Bankman-Fried Says FTX Was “Never Bankrupt,” Crypto Community Reacts
- XRP ETF Coming This November 13 As Canary Capital Submits Updated S-1 By Removing Roadblocks
- Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch
- CFTC, SEC Launch ‘New Era of Collaboration’ to Clarify Crypto Rules, End Regulation by Enforcement
- Sei Price Forecast: Will Robinhood Listing Spark a Rally?
- XRP Price Outlook as ETF Nears Possible November 13 Launch
- Cardano Price Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds
- Bitcoin Price Forecast as Trump Cuts Tariffs After US-China Trade Deal
- Analyst Foresees a Parabolic Rally for Pepe Coin Price as Whale Accumulation Intensifies
- Fidelity Amends S-1 for Solana ETF: Is SOL Price Set to Rally?
 
 MEXC
MEXC 
					
					
					  
                                                                                                                                                                     
                                                                                                                                                                     
                                                                                                                                                                     
                   
                   
                   
                   
  
                                
  
                         
                     
                   
                   