As new details of the Ripple vs. SEC lawsuit emerged, the price of XRP felt sluggish in the last week. As of this writing, the price of XRP fluctuates at $0.32903, a 7.80 percent decrease from its latest high of $0.35874 on September 7. This price decrease is not surprising given the magnitude of the ongoing court showdown between Ripple and the SEC. Multiple exchanges have delisted the currency since 2021, further depressing its value. There has been $1.2 billion worth of XRP traded in the last 24 hours. Trading started at $0.3439 for the XRP/USD pair on Saturday, reaching a high of $0.3576 and a low of $0.3438. Related Reading: AVAX Price Rebound Fails To Breach $22 Resistance Due To High CPI Data XRP Future To Be Determined By Ongoing Court War Since its inception, Ripple Labs’ XRP has been the native coin of the XRP Ledger, and its market value has kept it in the top 10 of all cryptocurrencies almost every day. While the US Securities and Exchange Commission has been trying to exert its authority over the cryptocurrency market, Ripple has stated that the SEC is not being fair. Image: Coinpedia The SEC sued Ripple in December 2020 for more than US$1.38 billion, claiming that the issuance of XRP constituted an unregistered securities offering. The SEC also charged Chris Larsen, the executive chairman of Ripple, and Brad Garlinghouse, the CEO, with aiding and abetting the company’s infractions. Meanwhile, the Cham...
