{"id":134560,"date":"2024-07-31T10:39:51","date_gmt":"2024-07-31T07:39:51","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134560"},"modified":"2024-07-31T10:39:51","modified_gmt":"2024-07-31T07:39:51","slug":"xrp-registers-gains-despite-negative-crypto-market-results","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/xrp-registers-gains-despite-negative-crypto-market-results\/","title":{"rendered":"XRP Registers Gains Despite Negative Crypto Market Results"},"content":{"rendered":"<p><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\"><strong>XRP<\/strong><\/a> has appreciated by just over 8% in the last 24 hours, reaching around $0.646 at the time of writing, the highest since March 25, fueled by optimism surrounding the potential settlement of the SEC\u2019s lawsuit against Ripple and the planned unlocking of tokens.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-122696\" src=\"https:\/\/cryptodnes.bg\/wp-content\/uploads\/2024\/07\/XRPUSD_2024-07-31_10-29-31.png\" alt=\"\" width=\"2710\" height=\"1468\"><\/p>\n<p>Traders are interpreting the recent SEC <a href=\"https:\/\/cryptodnes.bg\/en\/sec-revises-binance-lawsuit-avoids-court-ruling-on-crypto-securities\/\"><strong>filing<\/strong><\/a>, which hints at an amendment to the complaint against Binance without naming tokens, as a positive sign for the resolution of the case against Ripple.<\/p>\n\n<p>This spurs bullish sentiment despite Ripple\u2019s planned unlocking of 1 billion XRP.<\/p>\n<p>This market optimism comes despite the logical expectation that an increase in token supply will lead to a drop in prices. However, research suggests that the additional liquidity from unlocking the tokens may actually support the bullish trend.<\/p>\n<p>In contrast to XRP\u2019s performance, the crypto sector\u2019s market cap has lost just over 0.4% in the past 24 hours. Bitcoin (<a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\"><strong>BTC<\/strong><\/a>) and Ethereum (<a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\"><strong>ETH<\/strong><\/a>) also registered losses of 0.9% and 0.6% respectively over the same time period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a fairly long period of trading in a relatively narrow range, XRP appears to be defying the mostly negative results of the broader crypto market by registering gains over the past day.<\/p>\n","protected":false},"author":7,"featured_media":69432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[72],"class_list":["post-134560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is 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