XRP has fallen slightly over the last 12 hours after rising above $0.50 yesterday. However, this short-term rise made XRP the only top cryptocurrency to erase its weekly losses and be in the green during the same period. 📈😉

Investors who closely followed the legal fight between Ripple and the US Securities and Exchange Commission (SEC) increased their positions in anticipation of an increase in the price of XRP. This indicates an increase in XRP's open interest (OI), according to CryptoQuant's latest analysis.

While this trend may indicate bullish investor sentiment, it can also set the stage for potential volatility in the market. “In this case, it is important to closely monitor market volatility and prioritize risk management.” 🚀👀

The dispute between Ripple and the SEC began in December 2020, when the blockchain firm and some of its executives allegedly engaged in an unregistered securities offering through sales of XRP.

The latest legal wrangling revolves around the debate over the size of Ripple's potential fine. Initially, the SEC requested a $2 billion fine, but Ripple's lawyers argued that this fine should not exceed $10 million.

The SEC responded to Ripple's offer with a figure of $102.6 million, which was significantly lower than the penalty originally requested.

What do you think the future price movements of XRP will be? We are waiting your comments! 💬👇