‘XRP Rally An Exception In Crypto Market': Metrics Behind Ripple Price Push

Despite an largely dull cryptocurrency market, Ripple (XRP) appears to be an exception of sorts. In an environment that is largely driven by a negative price momentum, XRP has recently shown great price jump.

Timeline of Xrp

Ripple's native cryptocurrency XRP is on a roll over the last week defying the broader market momentum and making big gains. As of press time, XRP is trading 30% in the last 24 hours breaking past the crucial resistance of $0.50.

Poly Network has announced that it will integrate open-source, public, and decentralized Layer-1 blockchain, XRP Ledger into its protocol to facilitate cross-chain transactions and cross border payments.

Ripple's top lawyer thinks “regulatory hostility” is hurting crypto innovators and retail investors alike. Ripple's general counsel, Stuart Alderoty, says in a new discussion at a Politico event that the San Francisco-based payments firm has not signed a single US customer to its platform since December 2020, when the U.S.

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.

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.