XRP Fund Inflows Skyrocket, Hitting Near Highest Point of 2023

The flow of funds into cryptocurrency investment products focused on XRP has reached an impressive milestone, according to the latest CoinShares report. Over the past week, a staggering $600,000 has been poured into XRP-oriented investments, marking one of the highest figures for the cryptocurrency this year.

Timeline of Xrp

As Ripple continues to battle it out in court with the U.S. Securities and Exchange Commission (SEC), XRP has emerged as a top pick among investors, gaining attracting substantial investments

In a recent exchange on Twitter, a member of the crypto community engaged in a debate with a representative from Ripple regarding the creation of XRP, a popular cryptocurrency. The discussion shed light on intriguing aspects surrounding the origins and development of XRP, leaving many astounded by the revelations.

While the cryptocurrency sector is waiting for the June 13 release of the controversial documents in the legal standoff between the United States Securities and Exchange Commission (SEC) and blockchain firm Ripple, an important hearing awaits that could have an effect on the case, as well as the future of crypto assets.

The world's sixth-largest cryptocurrency XRP has shown strong decoupling from the rest of the crypto market over the past week amid strong whale activity and investor interest. Defying the broader market correction once again, Ripple's XRP has gained 2.5% in the last 24 hours and is currently trading at $0.532 with a market cap of

The crypto space has been trading under extreme bearish conditions for the past few weeks, keeping the majority of the tokens under narrow consolidation. However, all the focus appears to have shifted over XRP, as the price managed to close the previous week's trade on a bullish note.

XRP Price Prediction: Decoupling from the broader market sentiment of uncertainty, the XRP price has shown sustained recovery for nearly a month. From the last swing low of $0.415, the coin price surged nearly 30% to reach the current price of $0.53.

John Deaton, a well-known American lawyer and founder of CryptoLaw, recently shared his insights on the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple. Deaton, who has been closely following the case, made his comments during an interview on 3T Warrior Academy's “Good Morning Crypto Show” on June 3, 2023.

In recent weeks, Ripple's price has displayed an upward trend, recovering from a notable support level. However, there is still a crucial resistance level that must fall for the market to enter a bullish phase in the coming months.

Pro-XRP lawyer John Deaton faced a phone hack on June 4, which occurred during a relentless cyberattack that spanned several days. Deaton, known for representing over 76,000 XRP token holders in the Ripple vs.

Crypto Market News: John Deaton, the attorney representing the more than 76,000 XRP token holders in the Ripple Vs U.S. Securities and Exchange Commission (SEC) lawsuit, received a late birthday gift on Saturday. Deaton's Twitter account was hacked and tweets coming out from the hackers promoted a cryptocurrency named $LAW token, which has almost non-existent