On Monday, 5 April, XRP’s price on the moment reached $0.72. Over the day the asset rose 17.7%, according to CoinGecko.
XRP reached a three-year high above $0.80. The market capitalization stands at $37.3 bn, according to CoinGecko.
At the time of writing XRP was trading at around $0.69.
The token ranks seventh by market capitalisation, with a market cap of $31.9 billion.
Earlier a member of the XRP community suggested that the Bitcoin exchange Coinbase was working on relisting the token. As evidence, he cited several lines of code from the Coinbase Pro API.
Hello #XRPcommunity
Finally Coinbase started doing there backend work to #RelistXRP https://t.co/dRCxjAKahL#XRP pic.twitter.com/Q26j7F2k4J
— Only 𝐱𝐫𝐩☄️ ∞ (@TagXRP) April 2, 2021
In December 2020 the U.S. Securities and Exchange Commission (SEC) accused Ripple of selling unregistered securities in the form of XRP worth $1.3 billion.
Against this backdrop, some major platforms and companies stopped supporting the token. Among them were Galaxy Digital, Bitstamp, B2C2, Coinbase and OKCoin.
In March 2021 the regulator said that exchanges were not breaking the rules, selling XRP. Later Ripple chief Brad Garlinghouse said he expected to discuss the token’s status with Gary Gensler after his appointment as SEC chair.
On 3 April attorney James Filan said that agreements between Ripple and the SEC regarding the company’s documents had been reached. The agency declined to conduct a thorough review of two of four emails.
#SEC v. #RIPPLE #XRPcommunity Ripple’s Letter regarding Motion to Seal with Proposed Redacted Exhibits 1 and 2 filed this evening, 4.2.2021 pic.twitter.com/dMMdNVUQw2
— James K. Filan (@FilanLaw) April 3, 2021
Garlinghouse said that Ripple would offer the market an XRP product alternative if it loses the lawsuit.