The XRP token price from Ripple surged by more than 60%, breaking the $0.50 barrier.
The move was accompanied by a spike in trading volume.
Four-hour XRP/USDT chart on Binance from TradingView.
XRP has returned to the fourth place in the rankings of crypto assets by market capitalization, displacing Polkadot.
#XRP using the same rocket fuel #DogeCoin used yesterday pic.twitter.com/frpomwwyAF
— KingJamesDHorrid (@KingJamesDHorid) January 30, 2021
“XRP uses the same rocket fuel as Dogecoin yesterday,” wrote KingJamesDHorrid.
The Dogecoin he mentioned on Friday rose by more than 400%, briefly leaving the top 10 by market capitalization.
Earlier today ForkLog reported that Ripple filed a response to the SEC lawsuit, in which it is argued that the allegations of issuing unregistered securities are based on an “unprecedented and ill-conceived legal theory”.
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