Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

XRP Surges Amid Middle East Tension and SEC vs Ripple Case Update

Published 04/20/2024, 10:05 PM
Updated 04/20/2024, 10:15 PM
XRP Surges Amid Middle East Tension and SEC vs Ripple Case Update

  • XRP saw modest gains on Friday amid geopolitical strains in the Middle East.
  • The SEC vs Ripple case update also triggered a potential resurgence for XRP.
  • Ripple has until April 22 to file an opposition brief in ongoing litigation.

XRP saw modest gains on Friday amid geopolitical strains in the Middle East and updates in the case between the Securities and Exchange Commission (SEC). The embattled cryptocurrency rebounded from an early drop to close the day in profit. TradingView data reveal that XRP started the day at $0.50237, and dropped to $0.46700, before rebounding to close the day at $0.50358.

Notably, XRP’s initial slump on Friday followed the news of Israel retaliating against the Iran attack of April 13. However, Iran downplayed the missile attack, the result of which led to a calming market sentiment.

Although many risk assets investors focused on the geopolitical tensions in the Middle East, the SEC vs Ripple case remained XRP’s most significant determining factor. There are three remaining filings before Judge Analisa Torres would give a final ruling on how much fine Ripple would pay …

The post XRP Surges Amid Middle East Tension and SEC vs Ripple Case Update appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.