The post Will XRP Price Rally Sustain? Here’s a Twist in the Tale appeared first on Coinpedia Fintech News

The long-awaited XRP vs SEC is almost nearing the end, and the XRP side appears more upbeat, therefore the XRP price shot up on September 22nd even if the crypto market is still ruled by bears.

On September 23, the price of XRP increased by 35% in relation to Bitcoin in a single day, rising from 0.00002132 to 0.00002877, its highest level in 13 months. 

After Ripple and the SEC submitted applications for a summary judgment to the court on September 12 in connection with their ongoing legal dispute over claims that Ripple committed securities fraud, the significant price increases in the XRP market began to show up.

In other words, Ripple and SEC concurred that the court should decide by December 2022 whether the blockchain company unlawfully obtained cash by selling XRP based on the facts now in the record.