XRP is third most profitable asset of last week among top 100 cryptocurrencies by market capitalization
As of the last day of the week, XRP has become the third most profitable asset among the top 100 largest cryptocurrencies by market cap. Second after Celsius with its restructuring news, met with mixed reviews from the crypto community and Chilliz, which seems to have found a goldmine in the game world, XRP ended the week with a 9% rise in quotes. did.
Looking at the week in the life of XRP covered in detail by U.Today, fundamentals clearly signal a light at the end of SEC’s lawsuit against Ripple and XRP, which the regulator is treating as a security.
Anticipation of an imminent resolution of the matter, sparked by news that the parties have begun the process of publicly presenting their final arguments, led to the high volatility of XRP quotes. Later, at the end of the week, it was announced that the Chamber of Digital Commerce had officially entered the case to involve the court on behalf of the crypto industry.
On the background of all the events, accompanied by loud statements and actions from both Ripple representatives and commission officials, XRP first fell by more than 10% and then rebounded to show a 22% increase from its weekly bottom.
XRP Price Review
Turning to the technical evaluation of the XRP chart, it may seem clear that the drop in quotations at the start of the week was nothing out of the ordinary.
At the same time, the growth of XRP quotes by 22% in the last few days and 9% by the end of the week seems to be a more interesting event and gives food for thought.
