Ripple: Here’s When XRP Could Reclaim Its All-time High of $3.40 Ripple predicts the possible timing for XRP to reach its record high of $3.40
Despite the overall improvement in the cryptocurrency market, Ripple’s XRP token is facing challenges in gaining momentum. According to CoinGecko, the asset has increased by 2.280% in the weekly charts, but has decreased by 1.2% in the 14-day charts and 7.9% over the previous month. Could there be a settlement in the works for the Ripple vs SEC lawsuit? XRP’s sluggish expansion may be a result of its current legal dispute with the US Securities and Exchange Commission. The SEC claims that the sale of XRP tokens by Ripple violates securities regulations. Despite receiving a somewhat positive judgment in a lower court in the past year, the fintech company’s legal case has now moved to a higher court, and investors are eagerly anticipating the final decision. The SEC was granted authorization by the court to review Ripple’s financial records. Investors could view this news as negative, causing a slowdown in XRP’s growth according to Bitcoin News.