At the time of writing, Ripple (XRP) price is up 12.68% in the last 24 hours and is currently trading at $0.86 with a market cap of $40 billion. Ripple (XRP) is gearing up for the next big rally to re-enter the top five cryptocurrencies at its current value. Ripple (XRP) has outstripped giants like Cardano and Solana.

Ripple (XRP)'s price surge comes amid strong growth

On-chain data provider Santiment reports that XRP's latest price hike comes amid strong growth in daily active addresses.

   “XRP is reacting to the daily active address increase of +37% in the last 4 days and finally starting in mid-January. #XRPNetwork's coin is currently sitting on support above $0.82 and is giving the same addresses at $1.18 as it did in early November."

santiment-2

Ripple & Securities and Exchange Commission

The Ripple vs Securities and Exchange Commission (SEC) lawsuit is preferably making a good turn for the crypto startup. Judge Analisa Torres recently ordered the unsealing of three documents in the lawsuit between Ripple and the SEC. However, attorney John E Deaton made a statement on the subject:

   "It will be nearly impossible to prove that there is a real correlation between the price of #XRP and public announcements (i.e. partnerships) by @Ripple. The SEC must also prove that Garlinghouse and Larsen are selling #XRP in the US."

May Be Concluded By April 2022

The market sees this as a net positive for Ripple (XRP), which is already reflected in its price. The Ripple vs Securities and Exchange Commission (SEC) lawsuit is moving fast and market analysts believe it can reach its conclusion by April 2022. Any positive sentiment in favor of Ripple (XRP) could push prices higher.