XRP Waits for SEC Update: XRPL Activity Surges drastically !
Ripple's XRP remains near the crucial $0.50 mark amid speculation in the ongoing SEC lawsuit.
Today's trading saw the cryptocurrency stuck near this price point, reflecting market sentiment related to the legal battle and increased activity in XRPL. Despite the volatility, XRP has managed to gain 0.37% over the last day, essentially holding ground despite the broader market. Additionally, the bitcoin market is also closely watching updates in Ripple's ongoing legal custody with the SEC.
Market participants believe that future updates could significantly impact the value and application of XRP in the financial system. Notably, XRP locked in the DeFi protocol XRPL has surged. According to crypto enthusiast Bill Morgan, total unlocked XRP jumped from 5.1 million to around 5.9 million in just six days.
