After recovering above $0.50, XRP has retreated slightly over the past 12 hours. However, XRP was the only top cryptocurrency that showed growth last week. 💹

Given the price action, XRP has seen a surge in open interest (OI) as traders continue to closely monitor the legal battle between Ripple and the SEC. This indicates that investors are increasingly opening positions in anticipation of a rise in the price of XRP. 📈

The dispute between Ripple and the SEC began in December 2020, when the latter accused the blockchain company of conducting an unregistered securities offering through sales of XRP. A recent controversy concerns the size of Ripple's possible fine. The SEC initially sought a fine of $2 billion, while Ripple's lawyers suggested that the civil penalty should not exceed $10 million.