Uphold never expected XRP to be among its top trending coins.
In recent times, XRP has attracted lots of attention among cryptocurrency investors as new developments unfold in the legal battle between Ripple and the SEC.
Following increased investors’ interest in XRP, the crypto asset ranked as the top trending coin on Uphold, a leading crypto exchange. XRP led other top crypto assets like Dogecoin (DOGE), Kava (KAVA), XDC Network (XDC), and Casper (CSPR), in the ranking published by Uphold.
The development came as a surprise to Uphold, as the exchange did not expect XRP to make the list of the top 5 trending coins on the platform.
Today's top trending assets on Uphold!
Who didn't expect $XRP to be in the top 5 😅
— Uphold (@UpholdInc) October 28, 2022
Interest in XRP Spike Amid Events in Ripple vs. SEC Suit
It is worth noting that interest in XRP lately is largely influenced by developments in the Ripple vs. SEC lawsuit. Whenever the lawsuit seems to be going in Ripple’s favor, there is a tendency that investors’ interest in XRP will increase.
This month, several positive developments have been recorded in Ripple’s favor in the ongoing lawsuit. TheCryptoBasic reported that several firms had declared interest in filing amicus curiae briefs in Ripple’s favor. In addition, the SEC recently surrendered drafts of William Hinman’s 2018 controversial speech to Ripple.
XRP has reacted positively to these events, spiking as high as $0.53 on October 9, 2022. When writing this line, XRP is trading at $0.46, with a slight gain of 2% in the past 24 hours.