XRP Price on the Rise: Investors Optimistic Ahead of Key Ruling
The value of XRP, a cryptocurrency associated with Ripple Labs in San Francisco, has increased by 2.45% in the last twenty-four hours, according to CoinMarketCap data. This rise comes after recent losses and an overall increase in the value of alternative cryptocurrencies. Meanwhile, Bitcoin is trading at under $28,000. Confidence in XRP's future may have been boosted by an upcoming verdict in the SEC's lawsuit against Ripple Labs. However, despite this relatively positive news, XRP is still trading at a discount of 86.11% from its all-time high of $3.40 reached on January 7, 2018. The debate over XRP's true all-time high price continues. David Schwartz, Ripple's Chief Technology Officer, recently shared his thoughts on Twitter, noting that $3.84, which some consider the all-time high, is misleading due to South Korean exchange rates that made it impossible to truly receive that amount of XRP.