Ripple (XRP) Crossed Solana and Cardano by market cap
Ripple vs SEC lawsuit and crypto market momentum pumped the Ripple token to sixth rank in the crypto industry.
Ripple is a top-level blockchain Network in the crypto industry and it is known for its high-speed transactions with very nominal fees. However technology and potential of Ripple’s Native token are very high but US regulators raised some legal issues with its operations and that further reduced the confidence of crypto investors to go with Ripple firm.
Today Ripple’s native token XRP Crossed the 24 hours trading volume (market cap) of Cardano and Solana protocol. Right now at the time of writing this article, Ripple’ XRP is standing at 6th rank. While Cardano and Solana are standing at 7th and 8th rank respectively.
At present price of XRP token is $0.9142, which is a 21%+ high over the last 24 hours.
Ripple vs SEC lawsuit
This surge in the rapid recovery in the price of Ripple token took place because of the better positive situation in the market. But the main reason that significantly boosted the price of Ripple token is positive news in the Ripple Vs SEC lawsuit case.
According to the latest update, Ripple will get its full time to put own stand against the allegations to prove the operations of Ripple are better things and XRP is not a security.
US securities and Exchange Commission (SEC) filed lawsuit in December 2020. According to SEC, Ripple sold XRP tokens worth more than $1 billion in past 7 years. SEC claimed that XRP token is security and it is Unregistered and also Ripple did an illegal job by selling it publicly.
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