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XRP Up 16% As Ripple Vs. SEC Settlement Rumors May Have Taken Root

XRP outperforms the top 20 cryptocurrencies by market cap.

XRP at press time is up about 15.98% in the last 24 hours, trading at the $0.3784 price point, according to data from CoinMarketCap.

Notably, XRP has also seen a 15.55% boost in its market cap, which sits at $18.9 billion, and a 57.72% boost in its 24-hour trading volume, which sits at $2.37 billion. As a result, it is the highest gainer among the top 20 crypto assets by market cap.

While the reasons for the double-digit percentage surge in its price as the crypto market rallies are unclear, it is worth noting that a rumor of a settlement in the Securities and Exchange Commission case against Ripple made the rounds yesterday.

(By Mark Brennan)

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