Hello, BTC enthusiasts! đ Ripple (XRP) is gaining momentum with a 2.5% increase in price, breaking through the $0.50 mark! đ€This development coincides with a broader market recovery, as Bitcoin sets its sights on $27K, while other cryptocurrencies like Ethereum, Binance Coin, and Cardano are also making notable gains. đ
In other news, Ripple has decided not to proceed with its planned acquisition of the crypto-focused institution Fortress Trust. đ€ CEO Brad Garlinghouse has expressed their intention to continue supporting the company as an investor, possibly due to Ripple's substantial $200 billion legal liability in its case against the US SEC. đ€
Could this be the driving force behind XRP's recent price surge? Or is it linked to SEC Commissioner Gary Gensler's recent questioning during a hearing, where he struggled to provide clear answers? đœ In any case, it is advisable to closely monitor Ripple's progress! đ
