While many cryptocurrencies, especially Bitcoin, faced hard sales after the lawsuit against Binance, XRP showed resistance to the market. Cryptocurrency maintained its price stability in the face of the news that fell like a bomb on the agenda of the market.
Excluding stablecoins such as USDT and USDC, XRP, the fourth largest cryptocurrency by market capitalization, has gained more than 40% in the last week. So much so that XRP went above $ 0.50 and saw $ 0.53. XRP was last over 50 cents in October 2022. After this increase, XRP became one of the most tweeted cryptocurrencies on social media. The SEC lawsuit, which is expected to be settled this month, and the rising social interest are helping XRP push its market performance up.
On the other hand, Ripple company diligently strengthens CBDC communication. A white paper outlining various aspects of the CBDC, including privacy and their interaction, has recently been made public by a working group of the Digital Euro Association (DEA). Known as an official DEA partner, Ripple played a key role in the report’s creation.
Finally, in the case between Ripple and the SEC, lawyer John Deaton, who provided information on social media, said last week that he expects a decision to be made in a short time, and that he would be very surprised if this period exceeds 30 days.