How XRP Will Perform This November against the SEC

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Last Updated on November 5, 2022 by Bitfinsider

XRP was able to reach $0.53 on October 10 but was unable to maintain that price as the cryptocurrency dropped in the following days.

The Ripple Labs-created altcoin struggled to keep up with Dogecoin, Solana, Cardano, and even Shiba Inu in notching large gains during the October 25 mini-rally in the cryptocurrency market.

However, during the past few days, the cryptocurrency’s charts have turned green as it has seen major price increases.

According to data compiled by Coingecko at the time of writing, the digital asset is trading at $0.49 and has gained by about 7% over the past 24 hours.

In the past week, XRP has climbed by 4.6%, and in the past two weeks, it has increased by 7.3%.

Since 2020, the U.S. Securities and Exchange Commission (SEC) and Ripple have been involved in a court battle that the cryptocurrency’s immediate community anticipates will soon conclude.

The ruling regarding Ripple’s request for summary judgment will be ready on November 18, 2022, a date that will be prominently marked on the calendars of both parties.

John Deaton, the company’s legal dispute advisor, stated that response briefs are scheduled for release on November 15 and that filtered public versions will be made available on November 21.

Despite rumors that a final ruling about the lawsuit will take some time, XRP investors and community members eagerly await a conclusion to the court battle that has had a significant impact on the development of the crypto asset.

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