Coin

<ul class="news-points">
 <li>XRP price surged by 2.5% to reclaim $0.5245 but retained a 16% loss in 30 days.</li>
 <li>Ripple filed motions contesting the SEC’s $2 billion penalty for alleged securities law violations.</li>
 <li>The SEC must submit its opposition brief by Monday, after which Ripple will reply within three days.</li>
</ul>
On Sunday, XRP reclaimed the $0.5245 price level, advancing by 2.5% from the intra-day low of $0.5119. Despite this registered 24-hour gain, the asset still trades with a 2.3% loss in its one-week trajectory. On a 30-day scale, XRP shoulders a more substantial 16% loss.
Last week, the XRP community witnessed significant developments in the ongoing legal dispute between XRP payment firm Ripple and the U.S. SEC. Ripple submitted two court filings, one of which was a motion to strike out the <a href="https://coinedition.com/ripple-files-new-motions-challenging-secs-last-minute-expert-testimony/" rel="noopener noreferrer nofollow">SEC’s last-minute expert testimony</a> regarding its financial accounts and post-complaint conduct.
The second filing opposes the SEC’s $2 billion penalty against Ripple for violating securities laws through its XRP institutional sales. The SEC proposed this penalty in March during its opening brief.&nbsp;
Specifically, the regulator requested …
The post <a href="https://coinedition.com/xrp-army-heres-what-to-expect-in-sec-ripple-case-this-week/" rel="noopener noreferrer nofollow">XRP Army: Here’s What to Expect in SEC-Ripple Case This Week</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Army: Here’s What to Expect in SEC-Ripple Case This Week

Coin Edition

Other articles published on Apr 28, 2024

Bitcoin Bull Run: Past Its Prime, Or Poised For A Correction? Analyst Raises Eyebrows

Slothana Presale Approaches Finale, Fueling Speculation About Potential Binance Listing

Can Furrever Token (FURR) Sustain Momentum Among Bitcoin (BTC) and Ethereum (ETH) Communities Pos...

Ethereum Price Sees Significant Whale Activity and Market Interest

XRP Makes Important Price Reversal

Google Cloud Launches New Web3 Portal for Blockchain Developers

Join our free newsletter for daily crypto updates!