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Why XRP Is Soaring Again Today

TheMotleyFool

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XRP (CRYPTO: XRP) holders are seeing another day of green candles, with the token up 18.36% in the past 24 hours to $0.968 apiece as of 2:30 p.m. EDT. On Aug. 9, the Senate blocked a provision in the newly passed $1.2 trillion infrastructure legislation that called for greater regulation of cryptocurrencies, sending the sector into a broad and extended rally.

Ripple, the company behind XRP, is also benefitting today from a new development in its lawsuit from the Securities and Exchange Commission. Yesterday, despite the presiding judge's insistence, the SEC refused to hand over evidence discovery documents to Ripple's defense team.

Image source: Getty Images.

Source Fool.com

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