XRP Surges Amid Middle East Tension and SEC vs Ripple Case Update
- XRP saw modest gains on Friday amid geopolitical strains in the Middle East.
- The SEC vs Ripple case update also triggered a potential resurgence for XRP.
- Ripple has until April 22 to file an opposition brief in ongoing litigation.
XRP saw modest gains on Friday amid geopolitical strains in the Middle East and updates in the case between the Securities and Exchange Commission (SEC). The embattled cryptocurrency rebounded from an early drop to close the day in profit. TradingView data reveal that XRP started the day at $0.50237, and dropped to $0.46700, before rebounding to close the day at $0.50358.
Notably, XRP’s initial slump on Friday followed the news of Israel retaliating against the Iran attack of April 13. However, Iran downplayed the missile attack, the result of which led to a calming market sentiment.
Although many risk assets investors focused on the geopolitical tensions in the Middle East, the SEC vs Ripple case remained XRP’s most significant determining factor. There are three remaining filings before Judge Analisa Torres would give a final ruling on how much fine Ripple would pay …
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