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XRP Rally Extends March 2023 Gains to More than 44%, What’s Next?

Ripple's native cryptocurrency XRP has seen a strong rally in March 2023, with the price reaching $0.55, the first time it has passed $0.50 since November 2022. XRP is currently trading at $0.5349 with a market cap of $27.640 billion. The trade profit-taking ratio has also seen a surge, reaching its highest ratio vs. loss-taking since August 2021. One of the major reasons behind the rally is the belief that the Ripple vs the SEC case will come to an end in the near term, potentially this week. The outcome of the case is important for the crypto industry, as it could usher in a new era of transparent and clear regulations. If the SEC case comes to an end, XRP bulls could charge further from current levels. (coingape）

XRP XRP $2.20
+0.58%
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