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<a href="https://en.coin-turk.com/potential-outcomes-of-the-ripple-vs-sec-case-a-glance-at-the-possibilities/" target="_blank" rel="noopener" data-wpel-link="internal">Ripple</a> (XRP) saw a price increase of 2% in the last 24 hours, rising to $0.536380, even as the overall cryptocurrency market slipped by 1%. As anticipation grows around Ripple&#8217;s ongoing legal battle with the SEC, XRP demonstrated considerable growth, marking an 11% increase over the past week and a 15.5% surge in the past 30 days. 
<h2 style="text-align: justify;" id="ripple-performance">Ripple Performance!</h2>
The altcoin has already seen a 57% increase since the start of the year, with analysts suggesting it could perform better than Bitcoin (BTC) and other major cryptocurrencies this year. This performance, however, could hinge on a positive outcome in Ripple&#8217;s aforementioned legal case. There is very little doubt that XRP could have one of the best rallies among the top 100 <a href="https://en.coin-turk.com/" target="_blank" rel="noopener" data-wpel-link="internal">cryptocurrencies</a> in 2023. Despite falling from 80 yesterday, XRP&#8216;s relative strength index remains above 50, which could suggest it is still experiencing buying demand. 
Similarly, the altcoin&#8217;s 30-day moving average continues to rise above its 200-day average, signaling potential ongoing momentum. In other words, XRP&#8217;s current rally could persist as it continues to consolidate around higher multiples and support levels. 
<img decoding="async" loading="lazy" class="aligncenter wp-image-81846 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-5.png" alt="" width="1378" height="846" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-5.png 1378w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-5-277x170.png 277w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-5-768x472.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-5-1200x737.png 1200w" sizes="(max-width: 1378px) 100vw, 1378px" />
<h2 style="text-align: justify;" id="xrp-developments">XRP Developments!</h2>
However, XRP&#8217;s anticipations are not merely short term. It is expected that Ripple&#8217;s case with the SEC will conclude in the coming months. In a recent interview, Ripple&#8217;s CEO Brad Garlinghouse hinted that the case could conclude within a few weeks. This prediction might explain XRP&#8217;s recent outstanding performance. 
Another factor potentially driving Ripple&#8217;s performance could be the positive developments in Ripple&#8217;s legal case. Last week, documents were released indicating that the SEC received legal advice that XRP was not a security before it filed the lawsuit against Ripple. 
Regulators&#8217; claims are further weakened as some commentators suggest that they could not prove several critical arguments, including the allegation that investors had a reasonable expectation of profit when they first purchased XRP. 
The post <a rel="nofollow" href="https://en.coin-turk.com/ripples-xrp-soars-amid-market-decline-a-legal-battle-update/" data-wpel-link="internal">Ripple&#8217;s XRP Soars Amid Market Decline: A Legal Battle Update</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Ripple’s XRP Soars Amid Market Decline: A Legal Battle Update

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