There is a drop of around 1.5% in the global crypto market capitalization on Thursday due to seller pressure. The biggest digital assets Bitcoin and Ethereum printed red indexes, while Ripple’s native token, XRP, managed to overcome the bears.
XRP Beats Bitcoin
While the total digital asset market cap fell below the critical $1 trillion mark, XRP emerged as one of the top-gaining cryptos. XRP, on the other hand, has proven to be the biggest gainer among the top ten cryptos.
Over the last 24 hours, the price of XRP has increased by nearly 4%, outperforming the ongoing sellers’ sentiment. According to the data, Ripple’s native token is the only crypto among the top ten digital assets to have printed green indexes in the last seven days. In the last seven days, the price of XRP has increased by more than 2%, while the price of Bitcoin has decreased by more than 7%.
Ripple In The Lead Against US SEC?
The legal battle between the US Securities and Exchange Commission and Ripple saw some progress toward the much-anticipated Summary Judgment. Analisa Torres, US District Judge, dismissed rulings on the parties’ motion to preclude expert testimony. The judge granted Ripple and the US Securities and Exchange Commission’s requests in part while keeping the summary judgment and trial in mind.
According to the data, whales moved more than 208 million XRP (approximately $61 million) in multiple transactions in the last 24 hours. The largest transaction recorded by the tracker was the transfer of $58 million in XRP tokens between whale wallets.