XRP price is up more than 230% in the past two weeks and has tripled in value in the past three months
XRP, the digital currency that is central to the SEC onslaught, has caught on a new fire fueled by the latest victory Ripple inked.
According to Veteran Analyst Peter Brandt, XRP has formed an interesting head and shoulder pattern which signals a bullish run.
The question on Ripple’s valuations and its XRP holdings came after XRP jumped over $1 despite the ongoing legal battle with the US SEC.
The SEC seeks to compel Ripple to register XRP as security or pay a fine for selling it as an unregistered security.
XRP has reclaimed the position of the fourth largest cryptocurrency after its market capitalization surged to $43,282,760,872.
Beyond Twitter, XRP holders have been looking for avenues to get involved directly with the SEC lawsuit.
Both Ripple Labs execs have filed to squash SEC subpoenas to six banks that they provide personal financial information as part of the lawsuit.
Garlinghouse announced that Ripple and Youtube have settled and would be working hand in hand “to prevent, detect and take down these scams”.
In its announcement Ripple noted that it is happy with the progress it had achieved with MoneyGram.
Despite its efforts to resist being affected by Ripple’s crisis, MoneyGram might have a few tough months ahead.
The shares of MoneyGram may bounce back to better days as the legal team representing Ripple reportedly had a great showing in the first court hearing.
The complaint claims that Ripple knew that its digital coin could be a security offering after receiving legal advice “as early as 2012” but disregarded it.
The last time XRP dropped to that position was in June 2014, when it fell below the meme coin Dogecoin.
Barring any last-minute changes, Ripple-SEC lawsuit is expected to last all year long as the pre-trial conference has been set for February 22.