The recent rally of Ripple token is an indication of positive news in favor of Ripple in the ongoing lawsuits against SEC as the XRP token confidently regained its stance in the crypto industry as it spikes repeatedly.
It is worth noting that the token has really been tasty for the investors over the time, this has lead to the massive purchase having the victory in view for the ongoing lawsuits.
XRP Spikes 70.2% Over The Past 30 Days, 8% In 24 Hours
Per the data form Coingecko, XRP has been up 70.2% in the past 30 days, which reflects investors’ confidence in the crypto asset.
Aside for the XRP month’s rally, the token has been the best-performing crypto among the top 70 digital currencies by market capitalization in the past 24 hours.
At the moment, the XRP token is up by 8% in the past 24 hours while some of the leading asset is becoming weakened in terms of market capitalization. Ripple’s XRP is current pointing its hand at the point corresponding to $0.52, investors still bullish on the token, hoping to seeing more rally.
Gokhshtein Is Bullish On XRP
Crypto veteran, David Gokhshtein, he reacted to the positive development of XRP token saying XRP is the only “legitimate” asset with a good performance today.
He said “XRP [is] probably the only legitimate asset [doing] well today,”
XRP Wallet Increases As The Victory Awaits Ripple In The Ongoing Lawsuit
The sudden development was attributed to the fact that the case between Ripple and SEC is coming to a close. Recall that both parties recently filed their motions for summary judgment, with XRP holders expecting a victory for the blockchain company.