XRP losing Steam While Ripple Lawsuit Nears Summary Judgement

XRP News: Ripple’s native token, XRP turned out to be the biggest loser among the top 10 cryptocurrencies on the basis of the past 7 days’ data. XRP losing streak continues while the other largest crypto is surfing on the relief rally. However, the long running legal tussle between U.S. Securities and Exchange Commission (SEC) and Ripple Labs is waiting for a much anticipated Summary Judgement.

XRP Price On A Decline

As per data, XRP price have been printing red indexes over the past week. Its price has dropped by almost 7% in the last 7 days. However, its close competitor Cardano (ADA) has printed green indexes with a surge of 6% in the same period.

Seems like the BSC whales have halted their XRP accumulation for a time. As per the latest data, the top 100 BSC whales hold $26.87 million worth of XRP tokens. However, BSC whales reported the exact same holding on March 10, 2023.

However, XRP made it to the list of the top 10 cryptos purchased among the top 4000 biggest BSC whales over the past 24 hours. The biggest of the 4000 BSC whales holds around $27,08 million worth of XRP. Read More XRP News Here…

XRP Price has dropped by 6% in the last 24 hours, It is trading at an average price of $0.36, at the press time. Its 24 hour trading volume registered a decline of 21% to stand at $1.2 billion.

Almost 1 Billion XRP Moved Amid Ripple CEO’s SVB Exposure Talks | Read Here

In the latest XRP lawsuit filings, District Court Judge, Analisa Torres gave out a ruling on the pending Expert Testimony. The order stated that both pirates’ (Ripple and US SEC) motion to preclude testimony has been partly granted. This marks the rejection of the inclusion of experts’ testimony betting against Ripple and XRP.

However, a summary Judgment is yet to be announced in the case. Amicus Curiae in the XRP lawsuit highlighted that the ruling will be coming in a couple of weeks from now.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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