- XRP is the top gainer among the 10 highest cryptocurrencies in the last 7 days.
- Despite its oversold status, XRP’s support is able to hold the weight thrown by bears.
- The Digital Euro Association has announced its partnership with Ripple.
The crypto market is now seeing what appears to be the start of a price correction after a convincing escape from bear territory. Many would believe that the ice is thawing as spring is about to arrive – figuratively speaking – and that the pullback is only just a fleeting moment.
Among these coins, XRP’s market gains seemed to be the most convincing. In fact, it is the top gainer among the top ten coins in the last 7 days. However, XRP price’s movement in the last 24 hours appears to be anticlimactic, to say the least. That said, will XRP price bounce back, or will it join the market’s supposed capitulation? Perry John-Parker, SAP’s Practice Lead, apparently believes so.
Governments and #CBDCs will use #XRP as a bridge for all settlements
We’re excited to join the Digital Euro Association as a supporting partner to further develop our work with #CBDCs!
This is one part of our larger goal to develop and deliver global solutions for CBDCs and stablecoins through our #blockchain and #crypto expertise.
Ripple files Letter Motion to compel SEC to turn over notes, here’s what followed
The ever-lasting fight between the United States Securities and Exchange (SEC) and the Ripple Labs took quite a few interesting turns. Over the years, the SEC’s lawsuit against Ripple Labs made headlines that directly affected XRP‘s price.
On 10 February, Ripple filed its Sur-Reply regarding the SEC’s motion to strike the Fair Notice Affirmative Defense. Mainly to oppose ‘the SEC’s inappropriate request’ for judicial notice. And, to address the SEC’s ‘misleading characterization of its prior enforcement actions.’ Well, another attack emerged from Defendant to support this offensive move.
Attack mode ‘ON’
Ripple Labs, on 11 Feb, filed a Letter Motion to compel the SEC to turn over notes. This was regarding a 2018 meeting between Brad Garlinghouse and former Commissioner Elad L. Roisman. Plaintiff here, the SEC refused. Claimed ‘they were privileged’.