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Date:
12th Apr 2021
Author:
Dalmas Ngetich, for CryptoAltum News Team

Ripple Price Rips Through $1.30, XRP Relisting Begins

The Ripple price concluded what would perhaps be the most comprehensive week in recent years. By adding double digits on Apr 11, soaring 23 percent, the coin pushed gains above $1.40, roaring 117 percent week-to-date, as Ripple turned the table against the U.S. SEC. The regulator is blamed for ‘shambolic’ preparation for the case that now puts them on trial after Ripple's key legal wins last week.


Details: 

The Ripple price is back to fourth, flipping Polkadot and other tokens as investors flow back to the token, searching to add to their longs. Last week's boost was after a Federal judge said Bradley Garlinghouse and Chris Larsen didn't have to provide their personal financial information to the SEC. As it is, XRP stands to expand even more going forward. Most importantly, XRP liquidity would only increase—after being relisted first by Crypto.com (supporters of XRP say this shows the exchange is convinced it is not a security as alleged). More exchanges could follow suit after the wave of XRP suspension in Dec 2020. 


Impact on the Ripple Price: 

Bullish. The path forward for the XRP price is northwards. Small legal wins, undoubtedly matter especially when Ripple is arguing out their case. The Federal judge's pronouncement is positive, a reason why the XRP prices could jump even higher as we advance.


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