XRP Surged Amid Increased Activity In The Ongoing Case Between the SEC and Ripple
- Increased litigation activity triggered investors’ interest in XRP this week.
- XRP gained 4.52% on Friday by moving from a daily low of $0.51459 to a high of $0.53683.
- The court might reject Ripple’s opposition filing but allow the firm to depose Andrea Fox.
Increased activity in the ongoing case between the U.S. Securities and Exchange Commission (SEC) and Ripple triggered investors’ interest in XRP this week. The embattled altcoin experienced notable volatility, returning consecutive profits for three days. TradingView data shows that on Friday alone, XRP gained 4.52% by moving from a daily low of $0.51459 to a high of $0.53683.
Friday’s XRP price movement rounded up a busy week for the altcoin following a series of events between the SEC and Ripple. Both parties involved themselves in motions and countermotions, arguing over the ongoing case and seeking the court to rule in their favor.
Earlier in the week, the SEC filed against Ripple’s “Motion to Strike,” which sought the court to discount the testimony and exhibit from Andrea Fox, the SEC’s enforcement accountant. The fintech firm cited several reasons for its motion, including the late …
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