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Fresh Off The Block: XRP rallies amid ongoing lawsuit and more

Khairani Afifi Noordin
Khairani Afifi Noordin2/14/2022 10:31 AM GMT+08  • 2 min read
Fresh Off The Block: XRP rallies amid ongoing lawsuit and more
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Cryptocurrency XRP surged 17.6% over the past 7-day period, while other top 10 cryptocurrencies by market capitalisation experienced decline post the recent rally.

This is amid an ongoing lawsuit filed by the US Securities and Exchange Commission against two of Ripple’s executives in Dec 2020 for trading US$1.3 billion XRP as security without informing the regulator.

Other large cryptocurrencies such as bitcoin, Ethereum, and Binance Coin have dropped 0.7%, 6.2% and 5.4% respectively over the past week, according to CoinGecko data.

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