Amid the ongoing crypto market volatility, XRP appears to defy the odds by recording significant gains as the token’s parent company Ripple continues to be embroiled in a legal tussle with the Securities Exchange Commission (SEC). Indeed, the token has rallied 57.75% in a month with a value of $0.52 by press time after trading at $0.33 on September 8, according to CoinMarketCap data.
XRP’s rally has stood out, considering that most altcoins are still experiencing a downturn in value. Although most assets are trading in the red zone, XRP’s positive gains can partly be attributed to the recent developments in the Ripple case with the SEC. Notably, SEC is suing Ripple for releasing XRP as a security, but the agency’s defense has appeared to falter, translating to the shifting dynamics in XRPs’ price. Recently, the judge overruled the regulator.https://finbold.com/xrp-pumps-almost-60-in-a-month-amid-minor-wins-in-sec-lawsuit/