3 reasons ripple has increased by 60 % in the last 10 days

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XRP trotzte dem marktweiten Rückgang und setzte seine beeindruckende Erholung in diesem Monat fort. Das Vermögen – das steht im Mittelpunkt der Ripple Klage der US Securities and Exchange Commission (SEC) – ist allein am vergangenen Tag um fast 13 % gestiegen. XRP steigt auf 10-Monats-Hoch Laut Daten von CoinMarketCap wurde XRP derzeit bei 0,58 $ gehandelt, ein Niveau, das seit Mai 2022 nicht mehr erreicht wurde. Die Abkopplung vom breiteren Markt hat dem Krypto-Asset in den letzten zehn Tagen fast 60 % Gewinne beschert, was resultierte in einem „sehr hohen Grad an Gewinnmitnahmen durch Trader“. Auch die soziale Dominanz …
XRP defied the market -wide decline and continued its impressive recovery this month. The assets - that is the focus of the Ripple lawsuit of the US Securities and Exchange Commission (SEC) - rose by almost 13 % on the past day alone. According to the data from CoinmarketCAP, XRP increases at 10-month high, XRP is currently traded at $ 0.58, a level that has not been reached since May 2022. The decoupling from the wider market has gave the crypto-asset almost 60 % profits in the past ten days, which resulted in a "very high degree of profit from traders". Also the social dominance ... (Symbolbild/KNAT)

XRP defied the market -wide decline and continued his impressive recovery this month.

The fortune - that is the focus of the Ripple lawsuit of the US Securities and Exchange Commission (SEC) - rose by almost 13 % last day.

XRP increases to 10-month high

According to data from CoinmarketCap, XRP has currently been traded at $ 0.58, a level that has not been reached since May 2022. The decoupling from the wider market has gave the crypto-asset almost 60 % profits in the last ten days, which resulted in a "very high degree of profit from traders".

also the social dominance of XRP Present mainstream interest. In the meantime, the price analysis also indicated that the crypto-asset could be prepared for further profits with a destination beyond the $ 0.60 brand.

The initial upward trend is due to the optimistic mood of investors towards the blockchain company Ripple win his case against the Sec. Another thrust came from Cathie Wood, Chief Executive Officer from Ark Invests, who recently interfered in a similar line Interview ,

"It seems that you (the sec) are on the way to lose this (the Ripple case) too."

Another factor that apparently contributed to the increase could be the basic upgrades in relation to the XRP Ledger (XRPL) in recent months. XRPL accounts were also steadily seen . .

In addition, the US Commodity Futures and Trading Commission (CFTC) described the two biggest cryptocurrencies Bitcoin and Ether as raw materials in its complaint against Binance and thus also brought XRP under the screen. This could contradict the claim of the SEC.

David Schwartz weighs a

As the end of the struggle between Ripple and SEC, the companies associated with the crypto industry are still fighting to find clarity about the laws that they should adhere to. The community mocked the SEC because of its aggressive approach to space.

As for Rippenahm his CTO David Schwartz on Twitter on clarify xrp stopped being a security when the company gave up control over XRP Ledger and allowed others to lead it. However, questions about the control of the blockchain company about the standard Unique Node List (DUNL) and his "responsibility" for code updates were raised Ripple code base, which indicates the trust of XRPL.

The executive added the actions of goods to "convenience" and not out of necessity, while they emphasized that there were "no essential obstacles" that prevented the others from maintaining XRPL.

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