$XRP's Social Media Activity Surges to 3-Month High As Ripple, SEC Seek Ruling in Legal Battle

Social media activity surrounding the $XRP token, one of the largest cryptocurrencies by market capitalization, has recently surged to a 3-month high at a time in which Ripple, a fintech firm and major player in the XRP ecosystem, and the U.S.

Timeline of Xrp

A widely followed crypto analyst says he's maintaining conviction on his bullish stance for XRP until the altcoin reaches his price target. In the latest issue of the Technical Roundup newsletter, DonAlt says that XRP broke a critical resistance at $0.40 and now has very little between where it is now, and the $0.60 range.

Ripple chief executive Brad Garlinghouse says his company is “confident” moving toward the possible conclusion of its court battle against the U.S. Securities and Exchange Commission (SEC). Garlinghouse says in a new interview on CNBC that his team thinks the law is clear. “You have to remember that 99.

In the ongoing legal case between the SEC and Ripple Labs, the commission declared XRP as a security. However, there seem to be some twists through the unfolding events in the lawsuit.

Ripple price analysis reveals that the digital asset has registered an increase of 1.92% over the past 24-hours. The cryptocurrency is trading at $0.478 after opening the day at $0.4682.

A popular cryptocurrency analyst has predicted that the price of $XRP could soon explode upwards, at a time in which 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.

Tomorrow, September 27th, Ripple partner Bitso will roll out its new payment solution in Argentina. The product will enable users in the Latin American country to access the first QR code payment system in the region powered by XRP and other cryptocurrencies.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. XRP's southbound journey finally retired as the buyers upheld the $0.3 baseline support while orchestrating a bull run over the last few days.

The latest Ripple price analysis shows that the cryptocurrency has taken a hit and is currently trading at $0.4675. This is after it underwent a bearish spin that saw its value depreciate from $0.5069.

The crucial legal battle between Ripple and US SEC, which is expected to provide clarity over crypto regulations has entered the Summary Judgment phase. However, the XRP community seems pretty confident over the blockchain firm's motion in the Ripple lawsuit.

XRP is at the number 6 spot in terms of market capitalization, making it one of the largest cryptocurrencies out there.  XRP (XRP/USD) has experienced an increase in trading volume by 40% in the last 24 hours and an increase in its value by 56% throughout the past week.