Reported 3 months ago
XRP, a little-known cryptocurrency, is leading the recent digital assets rally fueled by speculation that the company behind it may soon settle with US regulators. XRP's price surged by almost 40% in the past week to about 60 cents, while the overall market is up by approximately 12% during the same period. The rally is partly attributed to expectations that the sector will benefit if Donald Trump wins the US presidential election. The rally comes as the Securities and Exchange Commission (SEC) sues Ripple Labs for selling XRP without registering it as a security, with a recent court ruling questioning the SEC's jurisdiction. Speculation is rife due to a scheduled closed meeting by the SEC on July 18, hinting at a potential resolution regarding the status of XRP tokens.
Source: YAHOO