XRP: Can this latest achievement push the alt past the $1.38 mark

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.

Timeline of Xrp

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.

Payment company Ripple is expanding the use cases for its On Demand Liquidity (ODL) solution, according to a press release. The company will enable its partner I-Remit to improve its treasury funds flow and management.

The price of $XRP, the native token of the XRP Ledger, has surged after reports revealed that both Ripple and the U.S. Securities and Exchange Commission (SEC) are looking for a ruling in their long-running legal battle through a so-called summary judgment.

XRP's price has fallen this year, as has the price of many other cryptocurrencies. The large-cap coin has dropped 52.3% since the beginning of the year, mirroring the overall declines of the cryptocurrency market, which is not surprising given its position.

The US SEC is filing multiple lawsuits over digital assets and related firms in an attempt to extend its jurisdiction over the industry. However, long running Ripple lawsuit has grabbed every expert's eyeball, since both parties filed for Summary Judgment in the case.