XRP Coin shows resilience amidst the market downturn, thanks to the closure of Ripple's legal case against the SEC and other factors.
Reasons Behind XRP Coin's Rise
Despite the market downturn, XRP Coin has shown resilience. This is partly attributed to the anticipated closure of Ripple's legal case against the SEC, as indicated by recent discussions.
Successful Conclusion of Ripple's Case
Ripple's ongoing case against the SEC is drawing to a close. Ripple's CEO, Brad Garlinghouse, has announced that the SEC will withdraw its appeal. This marks a significant milestone for the company and the entire crypto industry.
Impact on the Cryptocurrency Market
Following the announcement of the case's closure, XRP Coin's price increased, though it struggled to reach the $3 level due to Bitcoin's weakness. Nevertheless, market trends indicate that the $2.47 and $2.64 ranges could be tested.
The closure of Ripple's case against the SEC marks a major victory for the crypto industry and paves the way for new prospects for XRP Coin and other digital assets.
