XRP Skyrockets as SEC-Ripple Case Progresses: A Deep Dive into the Crypto’s Performance (XRP)
- Increased litigation activity between the U.S. Securities and Exchange Commission (SEC) and Ripple has sparked investor interest in XRP this week.
- XRP experienced significant volatility and consecutive profits for three days, with a 4.52% gain on Friday.
- Despite Ripple’s opposition filing, the court might allow the firm to depose Andrea Fox, the SEC’s enforcement accountant.
As the SEC and Ripple continue their legal battle, investor interest in XRP grows. This article explores the recent developments in the case and their impact on XRP’s market performance.
Ripple vs. SEC: A Battle of Motions and Countermotions
The ongoing case between the SEC and Ripple has seen both parties engage in a flurry of motions and countermotions. Ripple’s “Motion to Strike” sought to discount the testimony and exhibit from Andrea Fox, the SEC’s enforcement accountant. The fintech firm argued that the late inclusion of new expert materials was one of the reasons for its motion. The SEC countered this by stating that Fox’s testimony did not amount to the inclusion of new expert material and asked the court to strike out Ripple’s motion.
Investor Interest and XRP’s Market Performance
The legal tussle has rekindled investor interest in XRP, leading to notable volatility in the altcoin’s market performance. TradingView data shows that XRP gained 4.52% on Friday, moving from a daily low of $0.51459 to a high of $0.53683. This price movement concluded a busy w... Read the full article for FREE at COINOTAG!
