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22 April 2021

XRP Is Worth More Today Than Before SEC Lawsuit Against Ripple - Decrypt

XRP Is Worth More Today Than Before SEC Lawsuit Against Ripple - Decrypt


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XRP Is Worth More Today Than Before SEC Lawsuit Against Ripple.

That's higher than where the price was before the SEC filed a $1.3 billion lawsuit against Ripple Labs.On December 18, 2020, four days before the suit, XRP was worth $0.58 with a market cap under $27 billion.

Or, armed with the agency’s criteria for determining which crypto assets are securities, Ripple could argue that it shares the characteristics of Bitcoin and Ether. 

XRP’s most recent price surge—the token briefly touched $0.60 in February before dipping to $0.41 two weeks later—may signal that investors believe the cryptocurrency, and the firm behind it, can survive the SEC’s case, especially after stablecoin issuer Tether escaped a years-long New York Attorney General’s Office investigation into financial fraud with an $18.5 million fine but no admission of guilt

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