XRP Surges to Strongest Point Since November
Xrp moved to its highest point since November, as markets reacted to news suggesting a verdict could be near in Ripple’s case with the Securities and Exchange Commission (SEC). Cardano was also higher on Wednesday, hitting a one-month high.
Bitcoin Rises Above US$28,000; XRP Biggest Gainer in Top 10 Cryptos
Bitcoin continued to trade above US$28,000 on Wednesday afternoon in Asia. Ether also rose, along with all other top 10 non-stablecoin cryptocurrencies with XRP and Cardano leading gains. Asian equity markets strengthened, reflecting a relief rally in U.S. equities on Tuesday after authorities took charge to tackle a banking sector crisis. Investors are looking to the U.S. Federal Reserve’s decision on interest rates later on Wednesday.
Xumm Wallet Active Users Surge 21% Amid XRP Rally
Xumm Wallet, a prominent self-custody wallet built for the XRP Ledger (XRPL), has seen a massive surge in usage, as unique daily active users recently skyrocketed to 34,480 for the first time since January. The surge in active users comes amid XRP’s latest rally, with which the asset is looking to reclaim the $0.50 price.
Ripple Moves 120M XRP as XRP Aims For $0.5 After Soaring 21%
XRP latest solo rally comes from positive speculations surrounding the SEC case.
XRP Hits 2-Month High, Despite Crypto Consolidation
Xrp rose to a two-month high on March 21, despite crypto markets mostly consolidating in today’s session. The token surged by as much as 12% on Tuesday, whilst the global market cap is trading 0.51% higher as of writing. Cardano was also in the green today.
Over 50 Whales that Joined XRP Network over the Past Month Have Accrued 420 Million XRP
Data show that crypto whales are currently trooping into the XRP network, which can be attributed to investors’ optimism in the ongoing lawsuit between Ripple, the San Francisco-based cross-border payment firm, and the United States Securities and Exchange Commission (SEC).
XRP Will Get Relisted on Coinbase Immediately After Ripple’s Victory Over SEC, Exchange’s Chief Legal Officer Hints
When asked whether Coinbase is planning to relist XRP after the court’s ruling in the SEC v. Ripple lawsuit, Grewal noted that it would depend on the grounds of the ruling, the judge’s legal reasoning, and the exchange’s assessment of whether or not the apex court would uphold the decision.
Coinbase Legal Officer Outlines Steps for XRP Relisting
According to Paul Grewal, even if the judge rules in favor of Ripple, Coinbase will still need to make some assessments before relisting XRP.
