The effects of the lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple in December 2020 still continue and Ripple is heavily relying on this process.. There was a positive development for Ripple.. Details are in our news.
Great success from Ripple XRP!
XRP prices with the first shock effect of the SEC’s lawsuit against Ripple It was down to 20 cents.. While there was a serious bull season in the Bitcoin and crypto money markets, Ripple was added to this trend much later.. XRP reached the highest value of the last 3 years with $ 1.96 on April 14.
Although Ethereum, Bitcoin and many altcoins equaled the record in the 2017-2018 period, Ripple’s XRP has not yet broken the record in this period.
Ripple broke the all-time record with $3.84 on January 4, 2018. XRP is still far from this record level. The SEC lawsuit had a great impact on Ripple’s failure to reach a new ATH during the bull season of 2021.
Please See: What Happens Between May 3 and June 17!
After the SEC’s lawsuit against Ripple, many crypto exchanges, especially Coinbase, delisted XRP. This process seriously damaged XRP.
One of the exchanges that delisted XRP was Phemex.. The exchange made a radical decision to relist Ripple.. This relisting can be seen as a success for Ripple. XRP Investors can hope that other exchanges will list XRP after Phemex lists.. Phemex allegedly founded by Wall Street workers. However, Phemex is not a prominent exchange.
In the meantime, we would like to point out that US investors cannot use the Phemex exchange.
We see the weekly change in XRP prices in the chart below.
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