XRP community seems much confident in Ripple vs SEC case: XRP recovered 27%
The current pump in the price of the XRP token hinted that the XRP community is highly confident with Ripple, more likely to win the case.
US regulators filed a lawsuit against San Francisco-based Fintech firm Ripple in December 2020. After the filed lawsuit against Ripple, the native token of Ripple (XRP) crashed significantly and resulted in the degradation of huge confidence in the XRP community and its investors.
On 25 February crypto market saw a better recovery from its significant correction of 24th Feb because of Russian invasions on Ukraine, which was hinting that the world is moving toward world war 3.
On 26 February, the XRP token saw a much better recovery over other crypto assets in the crypto Industry. Token pumped by around 10%, thanks to the better news for the XRP community.
However, if we look at the last correction to the current recovery then we will find that XRP surged from $0.62 to $0.77+ with a net gain of 27%, which is more than any other flagship crypto asset in the industry.
At the time of writing this article, the price of the XRP token is $0.764 and this price is 7.76% high over the last 24 hours.
Ripple vs SEC fight latest update
Recently the Defense Attorney of Ripple firm informed the crypto community that Ripple filed its motion against the US SEC agency and claimed that the SEC wanted to stretch the case to remain alive and also against the Net burn’ DPP Ruling.
In this situation, Ripple is standing more strongly against the SEC agency. And situations are hinting that the Ripple vs SEC fight will be over soon before the end of the first quarter of this year, if SEC will do its work continuously like this without any new point/fact/witness/proof.
Read also: Crypto exchanges may follow US, EU sanctions on Russia
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