According to CMC data, XRP is trading at $0.5119, down 2.52% in the last 24 hours. Both trading volume and market capitalization decreased by 2.22% and 4.54% respectively. The XRP token, embroiled in a protracted legal battle with the US SEC, has struggled during the recent market downturn. XRP trading volumes have returned to pre-July levels amid SEC litigation. Despite the favorable ruling, XRP’s impressive post-judgment rally fell short of the $1 target. After reaching $0.93 in July, XRP has been on a downward spiral ever since. After last week’s sharp decline, XRP briefly rose to $0.53. However, it quickly lost short gains. The battle continues
According to CMC, XRP is trading at $0.5119 and is down 2.52% in the last 24 hours. In addition, both trading volume and market value decreased by 2.22% and 4.54%. Whale Alert announced today that an anonymous wallet has sent over 15 million XRP to the cryptocurrency exchange Bitstamp. This trade shows that the whale is unloading its supplies, raising doubts about whether prices will fall soon.
Respected attorney Fred Rispoli has been a leading voice who believes the case will not go forward. Rispoli’s reasoning paints a more complete picture of the stake and explains why the SEC might want to avoid such a confrontation. The attorney believes there was more to Garlinghouse and Larsen than just the law. According to him, the main goal was to force Ripple’s top executives to agree.
