Why XRP Is Surging Nicely Today
The cryptocurrency sector has seen some rather widespread weakness over the past few days, and today is no different. The overall market is down roughly 2% at the time of this writing, though XRP (CRYPTO: XRP) is making a nice move higher.
As of 12:30 p.m. ET, this top 10 cryptocurrency by market capitalization has surged 3.8% over the past 24 hours. This move was even more pronounced earlier this morning, with this token surging more than 14% over the weekend at one point (from 4 p.m. ET Friday).
Interest has continued to build around XRP as an intriguing binary bet on the outcome of this project's ongoing legal battle with the Securities and Exchange Commission (SEC). The SEC sued XRP's parent company Ripple in late 2020, alleging those behind this token's initial coin offering essentially provided a $1.3 billion unregulated securities offering.
Source Fool.com
