XRP rally continues to gain momentum.
Following the filings of summary judgment motions by Ripple and the SEC, holders of XRP regained confidence in the crypto asset, contributing to the coin’s recent rally.
Ripple (XRP) has recorded strong gains since the summary judgment motions were filed publicly in the past few weeks. Investors are purchasing the cryptocurrency in large quantities, hoping that the lawsuit’s outcome will be in favor of the blockchain company.
According to data from Coingecko, XRP has been up 70.2% in the past 30 days; on Sep 10th XRP was trading around $ 0.3183, while the current XRP price is $0.52, XRP is up 70%, which reflects investors’ confidence in the crypto asset.
XRP’s Current Performance
Over the past 24 hours, XRP has been the best-performing crypto among the top 70 digital currencies by market capitalization.
While the top 70 biggest cryptocurrencies by market capitalization have shredded significant amounts of their values in the past 24 hours, XRP is up 8%. The cryptocurrency is currently changing hands at $0.52, with investors hopeful that the coin’s price will rally further.
Reacting to the development, David Gokhshtein, a crypto influencer and the founder of Gokhshtein Media, said XRP is the only “legitimate” asset with a good performance today.
“XRP [is] probably the only legitimate asset [doing] well today,” Gokhshtein said.
$XRP probably the only legitimate asset during well today.
— David Gokhshtein (@davidgokhshtein) October 8, 2022
Gokhshtein has shown his love and support for XRP many times. Recently he said that he should have bought more XRP instead of memecoins. To haters, he said that the more u despise XRP, the bigger it grows.