Ripple Thrives Despite Legal Battle - What's The Market Reaction Of XRP?

NewsBTC
NewsBTC

27 Jun 2023 8:30 PM

Although Ripple is facing legal battles from the SEC, the project and its currency XRP has been on a positive momentum...

  • Ripple is addressing its legal challenges while exploring new opportunities to expand the Ripple platform.
  • XRP holders' attorney, John Deaton, received an email filing related to the SEC v. Ripple case, but it was only a lawyer's withdrawal from the proceedings.
  • Data from Santiment shows a surge in active addresses for Ripple's XRP, reaching an all-time high of over 1.1 million.
  • XRP's price movement has become stagnant, trading at approximately $0.48, reflecting a decrease of more than 4%, but there is still a possibility of a sudden upswing.

The article presents a mix of positive and negative sentiments. While Ripple is addressing its legal challenges and experiencing a surge in active addresses, XRP's price movement has become stagnant and the SEC v. Ripple case is still ongoing.

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You May Ask

What is the current trading price of XRP?What is the role of XRP in Ripple's platform?What is the significance of the surge in active addresses for XRP?What is the overall trend observed in XRP's price movement?What is the impact of the lawyer's withdrawal from the SEC v. Ripple case?

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