Is Sologenic Driving XRP Price High Amid Tumbling Crypto Market?

XRP, Ripple's native token prices are riding high while other major cryptocurrencies are trading under heavy selling pressure. XRP has emerged as the top gainer over the past 7 days beating all the market sentiments.

Timeline of Xrp

Payments firm Ripple Labs and some of its top executives are objecting to a motion by the U.S. Securities and Exchange Commission (SEC) to seek more time or room to respond to potential new filings.

Recent Ripple price analysis shows that the coin has been on a bullish run, with the price rising from $0.38 to its current value of $0.4326. This is a good sign for the bulls, as it shows that they are in control of the market.

The XRP price has risen by more than 25% in the past seven days while the broader markets were consolidating towards the south by nearly 8%. In a recent update with the Ripple vs SEC case, the defense lawyer, James K.

The prices of most crypto assets saw a haunting picture over the past week. Although a few cryptocurrencies did see some social interest in them surge as traders are seemingly looking to get involved.

The long running legal tussle between US SEC and Ripple will surely leave the global crypto industry with broad clarity over regulations. In order to ensure seek clear directive, the court has granted the motion to file Amicus Brief in the Ripple lawsuit.

On Wednesday (September 21), Ripple CEO Brad Garlinghouse talked to Ryan Selkis, Co-Founder and CEO at Messari, at Messari's annual conference Mainnet (September 21-23, 2022) in New York city about the U.S. SEC's lawsuit against Ripple.

Crypto whales have shown a major transition in their behavior over the last week. After backing the world's second-largest crypto Ethereum (ETH) ahead of the Merge, they are now focusing on Ripple's XRP.

After two years of litigation, Stuart Alderoty, general counsel at Ripple, told CoinDesk TV's “First Mover” he sees “the beginning of the end” because the SEC's case has fallen short.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. XRP has performed incredibly well over the past few days.

Hackers keep trying new ways to loot money in crypto and fiat. This time, scammers hacked a Twitter account of the Indian Embassy in Oman to promote an XRP scam that requires users to click on a phishing link.