XRP surges over 10% because Ripple marks small wins ahead of Summary Judgement

[JordanKing]

Ripple(XRP) has witnessed a sustained recovery rally this week without concerning about the current market sentiments. This is because the long conflict between Ripple vs SEC labs is hovering across the verse of the summary judgement. While, as per reports on Tuesday, market sentiment towards China's zero COVID policy took a sharp turn. By following the protests on Monday, the markets challenge on the Chinese government easing lockdown measures to support the economy.

Coinpedia believes that there are high chances for Ripple to lead a victorious lawsuit against the regulatory body, adding notable value to the XRP token. As the token's price has surged over 10% in the past week and continues to trend to the north. The platform also claims that the bullish trend of XRP has pushed whale investors to accumulate a huge amount of XRP tokens in portfolios because it promises to reach $1 in the coming few weeks.

[TomPluz]

Many people are really expecting that Ripple can emerge as the big winner in the ongoing case it is facing from SEC. And of course, we can expect that if this is going to be the case then price of XRP will explode. Now, people are who are risk-takers can now start buying XRP so they can be able to make a good ride with this thing. SEC must be thought to be humbled this way and they should be advised to instead focus on on they can put Sam and Caroline locked up instead of continually going after Ripple.

[Probal Deep Moran]

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