XRP price started its recovery early on Saturday. The recent consolidation in XRP was a result of the developments in the Securities and Exchange Comm
August high is $0.70. The altcoin made a comeback above the key psychological level of $0.50 and is trading at $0.52, at the time of writing. On its path to make a comeback to the August high, XRP price faces hurdles at the 10 and 50-day Exponential Moving Averages at $0.53 and $0.59. vs. Ripple lawsuit have acted as catalysts for the altcoin’s price since the July ruling, where Judge Analisa Torres declared a partial victory for the payment remittance firm.
RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner.
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