XRP Update: Ripple on the Rise

We mentioned last week that XRP’s value was falling along with many other tokens in this crypto winter, but could it be in for a bullish comeback in the coming days?

Since the start of Sept, XRP has gone up about 47% with 11% of that in the past week alone. For those that are following, XRP is currently in a litigation battle against the SEC claiming that XRP is not a security.

After multiple announcements that Ripple is about to win this case, we also see the gradual rise of its token value. The winning card played by XRP’s lawyers is emails revealed ex-Corp Finance Division Director that supports Ripple’s argument.

As usual, a company/business’s conduct greatly affects its prices, and after the announcement was released, we saw a 16% increase in the token’s value. We’ll see if Ripple wins its case against the SEC and hope for a meteoric rise in its prices.