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HomeCrypto NewsMarketXRP Up 70% In 30 Days, David Gokhshtein Says It’s the “Only...

XRP Up 70% In 30 Days, David Gokhshtein Says It’s the “Only Legitimate Asset Doing Well” 

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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.

Gokhshtein’s Reaction

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. 

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.

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Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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