$XRP

Data for XRP was shared by Messari analysts on March 28.

Developments in Nvidia stock and XRP token order books are noteworthy.

Ripple has entered the final stages of its legal process with the SEC.

Market impact: Positive

What's Happening on the XRP Front?

The XRP price dropped in December, when the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen, alleging that the firm raised $1.3 billion in unregistered securities offerings through XRP token sales. It has been under increasing pressure since 2020.

The case gained further attention in July 2023 when Judge Analisa Torres ruled that XRP was not a security, but only related to the sales in question on crypto asset exchanges. The judge also ruled that XRP is a security when sold to institutional investors that meet the conditions of the Howey Test.

According to a March 25 court filing, the SEC recommended that Ripple pay a total of $1.95 billion in civil penalties based on Ripple's defiance of the law by continuing to sell XRP after legal notices