The price of XRP saw a 4% increase amidst a downturn in the cryptocurrency market. This surge, fueled by heavy trading in derivative markets, comes ahead of Ripple's upcoming response to the SEC's objection to a key expert witness in the case.

Ripple's forthcoming reply will be a crucial moment in the ongoing legal battle, particularly after the SEC pushed back against Ripple's efforts to dismiss the declaration provided by Andrea Fox, claiming it as a summary report on XRP institutional sales rather than an expert analysis. Ripple is expected to challenge the SEC's position on the declaration and the potential harm it could cause.