Ripple [XRP] Gains 20% As The Countdown To The SEC Decision Begins
According to CoinMarketCap statistics, Ripple’s [XRP] market value surpassed $20 billion for the first time since the FTX epidemic hit the market more than two months ago. The network expansion and velocity of the cryptocurrency have dropped.
This followed the global crypto market value recovering the $1 trillion level, indicating a reversal of FTX-induced losses. Interestingly, after Garlinghouse’s assertion on the settlement resolution date, XRP broke through the crucial resistance level of $0.39. The price was facing resistance around $0.4093 at the time of writing. This level has previously hindered XRP’s climb, so bulls will be trying to break through it to support the concept of an FTX turnaround. given the legislation and the circumstances on the ground, Ripple felt positive about its chances.
Source
https://t.me/DeFi_Ethereum
