XRP prices have climbed recently. What helped fuel these gains? Analysts weigh in.
Highlights
- XRP prices have rallied lately, rising above the $0.50 level and climbing to their highest in more than five months.
- Analysts have pointed to ongoing regulatory developments that could impact the price of XRP.
- The digital currency has been operating under the shadow of a lawsuit that the U.S.
- Securities and Exchange Commission filed in 2020, which claims that Ripple Labs Inc., along with CEO Bradley Garlinghouse and Christian Larsen, the company’s cofounder, CEO and executive chairman, raised over $1 billion by selling unregistered securities.
- XRP has been having a great month, rising more than 50% since March 12.
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