Why XRP Coin Continues to Trade Strongly Amidst SEC Lawsuit Against Crypto Firms

XRP Coin Maintains Strong Trade Price Amid SEC Lawsuits

Despite the recent legal challenges and panic waves among crypto investors, XRP coin remains strongly bullish and maintains a high trade price. This is in contrast to the majority of crypto assets, including Bitcoin and Ethereum, which experienced a 5% to 10% plunge as a result of the United States Securities Exchange Commission (SEC) suing Binance, BinanceUS, Binance CEO CZ, and American public crypto exchange Coinbase.

XRP Coin’s Trade Price

Currently, the trade price of XRP coin is $0.5378, representing a 4.33% increase over the last seven days of trade price. This is impressive considering the ongoing legal stress and panic waves in the market.

XRP Price Graph

The XRP price graph shows a significant downfall on the 5th and 6th of June due to back-to-back SEC lawsuits against BinanceUS and Coinbase exchange. However, despite this setback, crypto investors remain optimistic about their investment in XRP coin because Ripple (XRP) is in a better position against SEC’s charges.

Ripple’s Legal Position Against SEC

Last month, the court judge rejected SEC’s motion to keep Hinman’s documents private. In the latest court order, the SEC has been ordered to present the Hinman document in the XRP lawsuit case. According to few crypto legal experts, the SEC may use Hinman William, former SEC Commissioner, as a lamb, and also may initiate corruption charges against him.

Future of XRP Coin

As the Ripple vs. SEC case nears its end, many investors are optimistic about the future of XRP coin. The XRP community is hopeful that the SEC’s charges will be dismissed, and XRP will rebound.

Greed and Fear Index

The current Greed and Fear index for crypto investors is 50. This index shows that investors are neither bullish nor negative about their investment in Bitcoin.

Conclusion

Despite legal and panic waves among investors, XRP coin’s trade price remains strong. Investors are optimistic about their investment in XRP coin, as Ripple (XRP) vs. SEC trial reaches its end. The future of XRP remains promising, and investors hope that XRP will rebound once the lawsuit ends.