XRP price breaks out of the range with a 25% rally, but why?
XRP attracts buyers after hopes of a positive court ruling trigger a 25% rise above a level longer-term key resistance.
Crypto markets flash a little green on September 22 as the price of Bitcoin (BTC) rose 4.7% to trade above $19,300 and Ether (ETH ) jumped 6.5% to retake the $1,300 level.
RSR and Astar Network (ASTAR) also jumped 23% and 17% respectively, but the most notable move of the day was XRP.
Currently, the price of XRP reflects a gain of nearly 25% and the asset is up 41% over the past month. According to defense attorney James K. Filan, on September 18, Ripple Labs filed a motion for summary judgment – a legal proceeding that involves the court making a final decision based on the facts provided, rather than ordering a trial - and a decision on whether XRP is a security is expected by mid-December.
#XRPCommunity #SECGov v. #Ripple #XRP 1/2 The parties have filed a request that any third party motions seeking to seal portions of the parties' summary judgment filings be filed subject to the Court's order of September 12, 2022. pic.twitter .com/J6rbeRXmHi
— James K. Filan 113k (beware of imposters) (@FilanLaw) September 19, 2022Excitement over the news could improve investor sentiment about XRP's longer-term prospects.
Related: Crying...
XRP attracts buyers after hopes of a positive court ruling trigger a 25% rise above a level longer-term key resistance.
Crypto markets flash a little green on September 22 as the price of Bitcoin (BTC) rose 4.7% to trade above $19,300 and Ether (ETH ) jumped 6.5% to retake the $1,300 level.
RSR and Astar Network (ASTAR) also jumped 23% and 17% respectively, but the most notable move of the day was XRP.
Currently, the price of XRP reflects a gain of nearly 25% and the asset is up 41% over the past month. According to defense attorney James K. Filan, on September 18, Ripple Labs filed a motion for summary judgment – a legal proceeding that involves the court making a final decision based on the facts provided, rather than ordering a trial - and a decision on whether XRP is a security is expected by mid-December.
#XRPCommunity #SECGov v. #Ripple #XRP 1/2 The parties have filed a request that any third party motions seeking to seal portions of the parties' summary judgment filings be filed subject to the Court's order of September 12, 2022. pic.twitter .com/J6rbeRXmHi
— James K. Filan 113k (beware of imposters) (@FilanLaw) September 19, 2022Excitement over the news could improve investor sentiment about XRP's longer-term prospects.
Related: Crying...
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