Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on September 25, 2022, 07:00:35 PM

Title: XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?
Post by: newshunter on September 25, 2022, 07:00:35 PM

XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?

The XRP price rally appears to be driven by a "buy-the-rumor" frenzy in a potential lawsuit win for Ripple versus the SEC.

Source: XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable? (https://cointelegraph.com/news/xrp-hits-13-month-high-versus-bitcoin-with-35-daily-surge-but-is-a-correction-inevitable)

Would appreciate your opinion about this

Title: Re: XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?
Post by: Noverteno on September 26, 2022, 08:21:05 PM

Before that, I could not find information about what is the reason for such a rapid rise in the price of XRP lately, when we see that bitcoin, ethereum and other top coins are falling in price, while ripple, on the contrary, is growing. There was speculation that this was related to the possible successful completion of the SEC lawsuit, but there was no supporting information. This process has already been going on for a very long time and, apparently, it is also of no interest to the SEC, since its representatives agreed that the court decides on the case based on the evidence in the case.