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XRP bounces back following recent victories against SEC

CryptocurrencyApr 13, 2021 08:00PM ET
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XRP bounces back following recent victories against SEC

After several months of pounding, XRP appears to be finally out of the dust following its recent legal victories against the U.S. Securities and Exchange Commission (SEC).

XRP’s price has surged by over 70% in the past seven days, with a 24-hour gain of over 30%. The cryptocurrency broke out to a new multi-year high on April 13 following a surge in the trading volume. The bulls appear to still in control of the market.

Recall that Ripple’s motion to Federal Judge Analisa Torres to compel the SEC to produce documents confirming that Bitcoin and Ethereum are not securities was recently granted by the court, a first major win for the cryptocurrency.

Ripple’s execs have been emboldened by the approval and have filed another motion to dismiss the commission lawsuit against CEO Brad Garlinghouse and ex-CEO Christian Larsen.

As an off-shoot of the victory, XRP has gathered the needed momentum to retest its three-year high. According to data from TradingView, XRP reached a 24-hour high of $1.89. XRP has also managed to displace Tether, Cardano, and Polkadot to become the fourth-largest cryptocurrency by market cap.

Along with the recent legal victories, there have been rumors that the token may be relisted on several exchanges. As reported by BTC PEERS, multiple exchanges either delisted XRP or suspended trading following its legal battle with the SEC.

Continue reading on BTC Peers

XRP bounces back following recent victories against SEC
 

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Comments (3)
Rick Baier
Rick Baier Apr 13, 2021 11:48PM ET
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The SEC should be sued they hurt alot of people who held XRP and sold because of the chaos.
cedric banks
cedric banks Apr 13, 2021 9:46PM ET
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The bulls appear to still (be) in control of the market.*
Dave Winters
Dave Winters Apr 13, 2021 8:21PM ET
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what platforms offer ripple for investment? Cant find US based ones that havent unsuspended trading.
Kevin Mac
Kevin Mac Apr 13, 2021 8:21PM ET
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Uphold
Chris dawber
Chris dawber Apr 13, 2021 8:21PM ET
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etoro
 
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