From XRP to SXP: Korean Investors on Upbit Push Solar Coin Price up 200%

The Solar Network token, SXP, has become the most profitable asset in the past seven days among the top 100 cryptocurrencies by market capitalization. During this period, the price of SXP rose more than 200% and reached its highest value since May 2022.

Timeline of Sxp, Xrp

Lawyer and crypto enthusiast, John Deaton, has made yet another bullish remark on XRP. True to Deaton's words, the digital asset has proven resilient amid challenges, including regulatory attacks and backlash from crypto industry players.

The XRP community is ecstatic over the recent price breakout from the macro logarithmic downtrend. The sixth-largest digital asset surged to a ten-month high of about $0.58 last week but has since retracted to trade around $0.51 on Monday.

John E. Deaton, a crypto legal expert and amicus curiae for blockchain company Ripple, claims that XRP is the most resilient cryptocurrency, capable of surviving anything. Deaton made this statement on Twitter after a recent CoinDesk report covering XRP's dominance in Korea's top exchanges.

As the courtroom battle between Ripple and the United States Securities and Exchange Commission (SEC) continues to grab the attention of the crypto community, as well as the world, a legal expert and amicus curiae for the blockchain company, John E. Deaton, shared an explanation of one of the most important legal terms referring to the case, as well as his views on the ruling deadline.

Crypto News: The United States Financial regulators, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) has been alleged for their regulatory overreach around the digital asset industry. However, the crypto leaders have even stated that the U.S. might lose several crypto firms due to regulatory clarity.

XRP Price Prediction: Defying the widespread uncertainty in the crypto market, the XRP price showed an explosive rally in the latter half of March. During this period, the altcoin registered 57% growth as the prices rallied from the $0.357 low to a monthly resistance of $0.56.

Ripple's price has surged in recent weeks, following a breakout above the significant $0.43 resistance level. However, it may be too early for the bulls to celebrate the end of the bear market, as warning signals are emerging.

Crypto lawyer and XRP supporter John Deaton is giving his take on when Ripple's legal tussle with the U.S. Securities and Exchange Commission (SEC) could end. The SEC sued Ripple in late 2020 under allegations that the company sold XRP as an unregistered security.

The Ripple price analysis is showing signs of bullish activity, as the bulls have returned to the price charts. The price went down during the few hours of the session as it dropped from $0.5256 to $0.5035, but then the buyers came back with their bullish momentum and pushed the price back up toward $0.5223.

Former director of developer relations, Matt Hamilton, has challenged popular YouTube blogger Mark Moss on the subject of XRP and Bitcoin (BTC). Moss initially questioned the bullish thesis of the XRP community, tied in his view to the theory that the cryptocurrency would be in demand as it "helps banks transfer money faster.