XRP Price Surges to $0.53 amid Legal Battle and Broader Market Rally

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XRP Price Surges to $0.53 amid Legal Battle and Broader Market Rally

As the overall market conditions are getting significantly bullish, with Bitcoin crossing above $50,000, altcoins, including XRP, are riding on the trend.

XRP’s Legal Tussle and Price Dynamics

XRP has recently garnered attention due to the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC). Crypto lawyer James Murphy predicts a potential settlement in the SEC vs Ripple lawsuit could be on the horizon, especially with 2024 being an election year and the possibility of new SEC management. This anticipation has contributed to XRP’s price climbing to $0.53, marking nearly a 5% weekly gain for holders.

XRP Price Surges to $0.53 amid Legal Battle and Broader Market Rally

Photo: TradingView

As seen in the XRP/USDT chart, XRP has been facing a downtrend for the past couple...


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XRP Price Surges to $0.53 amid Legal Battle and Broader Market Rally