Ripple on its way to top 5 largest crypto after overtaking Cardano and Solana
As the crypto market value finally rises above $2 trillion, Ripple’s XRP is one of the biggest daily winners in the top ten cryptocurrencies. XRP up 20% The XRP price is up 20% in the last 24 hours. The...
As the crypto market value finally rises above $2 trillion, Ripple’s XRP is one of the biggest daily winners in the top ten cryptocurrencies.
XRP up 20%
The XRP price is up 20% in the last 24 hours. The token currently trades at $0.90 with a market cap of $42.9 billion. With this recent move, XRP has toppled giants like Cardano and Solana. Now it is gearing up for the next big rally for a return to the coveted top five largest cryptocurrencies.
On-chain data provider Santiment reports that XRP’s recent price hike comes amid strong growth in its daily active addresses. The data provider reported the following:
“XRP is up +37% for the past 4 days and is finally responding to the daily active address increase that started in mid-January. The coin of #XRPNetwork is currently above $0.82 and is issuing the same addresses as early November at $1.18.”
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Updates in Ripple vs SEC Case
The Ripple vs SEC case is taking a turn that benefits the crypto business. Judge Analisa Torres recently ordered the unsealing of three documents in the Ripple vs SEC case. However, attorney John Deathon stated:
“It will be nearly impossible to to prove true correlation between the price of #XRP and public announcements by @Ripple (ie partnerships). The SEC must also prove that Garlinghouse and Larsen sold #XRP in the US.”
Rather, the market sees it as a net positive for XRP, which is already reflected in the price. This Ripple vs SEC case is moving fast and market analysts believe it could reach a conclusion in April 2022.
Any positive hearing in favor of Ripple is likely to push prices up. Since XRP has already made a move above USD 0.90, we can expect it to cross USD 1.0 in the near term. 2022 could be a defining year for XRP investors.
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