After trading in a consolidated range for two weeks, XRP has successfully geared up its price rally.
The Fed’s recent interest hike of 75 basis point on November 2 kept XRP in a range-bound area as it has brought negative sentiments to the crypto market.
However, the native token of Ripple Labs is witnessing bullish surges in the price chart as Ripple is almost on the verge towards its historical winning against the Security and Exchanges Commission (SEC).
XRP Transaction Spikes Amid Ripple’s Winning!
The prolonged fight between the SEC and Ripple Labs is almost at the finish line as the payment giant is now backed by several firms to prove SEC’s claim on XRP is wrong.
According to Ripple’s CEO Brad Garlinghouse, twelve amicus briefs have been filed by multiple crypto exchanges, developers and individual entities supporting Ripple in the lawsuit.
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Source: https://coinpedia.org/ripple/ripple-turns-its-aggressive-mode-on-xrp-price-rally-may-soon-end-tears-and-tantrums-of-investors/