Ripple CEO Brad Garlinghouse expects the company to resolve its years-long litigation with the U.S. Securities and Exchange Commission (SEC) “soon,” Wu reported.
XRP’s price has risen in recent weeks on speculation that a settlement will be announced, possibly following a closed-door SEC meeting next week.
Activity on the XRP ledger and the creation of new addresses have also reached their highest levels since March, according to data from analytics firm Santiment.