{"id":133390,"date":"2024-07-18T14:30:02","date_gmt":"2024-07-18T11:30:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133390"},"modified":"2024-07-18T14:14:46","modified_gmt":"2024-07-18T11:14:46","slug":"here-is-why-xrps-price-skyrocketed-this-past-week","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/here-is-why-xrps-price-skyrocketed-this-past-week\/","title":{"rendered":"Here is Why XRP&#8217;s Price Skyrocketed This Past Week"},"content":{"rendered":"<p>This spike follows positive remarks from Ripple Labs CEO Brad Garlinghouse, who suggested an imminent resolution in the ongoing legal battle with the SEC.<\/p>\n<p>During a recent interview with Bloomberg Television, Garlinghouse refrained from disclosing specifics but expressed confidence in a swift conclusion, citing favorable court rulings. The SEC filed a lawsuit against Ripple Labs in 2020, alleging that the company\u2019s sale of <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a><\/strong> violated securities regulations, a case closely monitored for its potential implications on cryptocurrency policies.<\/p>\n<p>Garlinghouse reflected on a pivotal court decision from last July, which deemed XRP sales to retail investors on exchanges as non-securities, marking a significant legal victory for Ripple and the broader industry.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-133352\" href=\"https:\/\/cryptodnes.bg\/en\/insider-trading-scandal-meme-coins-surge-after-trump-assassination-attempt\/\" title=\"Insider Trading Scandal: Meme Coins Surge After Trump Assassination Attempt\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/trump-2-e1682283615732-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Insider Trading Scandal: Meme Coins Surge After Trump Assassination Attempt<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Speculation has intensified with news of a \u201cclosed meeting\u201d scheduled by the SEC for July 18, heightening anticipation among investors for further insights into XRP\u2019s regulatory status. Ripple Labs\u2019 recent $1 million contribution to a political action committee underscores its increased engagement in shaping U.S. regulatory policies affecting digital assets.<\/p>\n<p>The legal dispute between Ripple Labs and the SEC began in December 2020, when the SEC accused Ripple of conducting an unregistered securities offering through XRP sales, totaling $1.3 billion. The case has underscored debates over the classification and regulatory treatment of digital assets within the cryptocurrency sector.<\/p>\n<p>The outcome of this case is expected to have significant implications for the regulation of cryptocurrencies and investor confidence in digital assets moving forward.<\/p>\n<p>Ripple Labs remains optimistic about achieving a favorable resolution, while market participants await further clarity from the SEC regarding XRP\u2019s regulatory status.<\/p>\n<p>At the time of writing, XRP retraced back to $0.58, losing around 5% of its value over the past 24 hours and has a trading volume of $3.87 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP has experienced a significant surge, rising over 38% this week to reach $0.61, surpassing Bitcoin&#8217;s more modest 12% increase.<\/p>\n","protected":false},"author":3,"featured_media":37974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[223],"coin_category":[],"class_list":["post-133390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Here is Why XRP&#039;s Price Skyrocketed This Past Week<\/title>\n<meta name=\"description\" content=\"XRP has experienced a significant surge, rising over 38% this week to reach $0.61, surpassing Bitcoin&#039;s more modest 12% increase.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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