XRP rebounds strongly: Garlinghouse says SEC lawsuit will end "soon"
XRP has rebounded strongly recently, rising more than 5% in the past 24 hours and more than 26% in the past 30 days. The rise is mainly due to Ripple CEO Brad Garlinghouse's statement in a recent interview that the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple will end "soon".
Garlinghouse's remarks boosted market confidence, and investors expect that XRP's legal dilemma will soon see the light of day. For more than a year, the SEC's lawsuit against Ripple has been hanging over XRP, which has put a lot of pressure on the price of the token.
In addition to Garlinghouse's remarks, some other factors may have contributed to the rise of XRP:
Overall cryptocurrency market sentiment has warmed up. Recently, the prices of major cryptocurrencies such as Bitcoin (BTC) have risen, which has driven the rebound of XRP. Some analysts believe that XRP's technical indicators show bullish signals. They believe that XRP has the potential to break through recent highs and continue to rise.
However, some analysts also pointed out that the price of XRP still faces some risks:
The SEC lawsuit has not yet been finalized and there is still uncertainty. If the SEC eventually wins the case, the price of XRP may suffer a heavy blow. The overall cryptocurrency market is still volatile, and the price of XRP may fall back due to market sentiment.
The short-term trend of XRP is still difficult to predict. Investors need to pay close attention to market dynamics and make investment decisions based on their own risk tolerance.
