XRP Price Surge and Ripple-SEC Lawsuit Updates #PriceWatch

After the transaction, XRP saw a modest increase in value. Its price rose to $0.5863, representing an 8.40% gain from the previous week’s lows.

Additionally, trading volume surged by 29.93% to $1.31 billion over the last 24 hours, highlighting heightened market activity and investor interest in XRP.

This uptick comes as Ripple’s ongoing legal battle with the SEC nears a critical juncture.

The SEC lawsuit, filed in December 2020, alleges that Ripple raised over $1.3 billion through the sale of unregistered securities in the form of XRP tokens.

As the case continues, many in the market are watching closely for developments that could have wide-ranging effects on Ripple, XRP, and the broader cryptocurrency space.