Interest in the price outlook continues while the Ripple Coin market is falling.

As of 11:40 a.m. on the 24th, Ripple was trading at 464 won, 1.69% behind the previous day on the cryptocurrency exchange Upbit.

On this day, U2DAY, a media outlet specializing in cryptocurrency, said, “XRP is trading similarly to Bitcoin (BTC) as it accumulates power for a rebound.”

He then analyzed, “As sales volume decreases, the selling power is weakening.”

He predicted, “If the purchasing power can maintain the $0.34 level, the upward trend can recover.”


Citing blockchain analysis company Santiment, Daily News also said that the XRP network was suddenly activated as the number of transactions of Ripple big-handed investors, who continued to endure low token prices during the cryptocurrency winter, soared to a three-month high.

Meanwhile, the SEC sued Ripple founders Brad Garlinghouse and Chris Larson for violating the Securities Act in December 2020.

It raised $1.38 billion worth of cash by issuing 14.6 billion ripples to investors without SEC registration.

In the meantime, Brad Gallinghouse, CEO of Ripple, a blockchain overseas remittance project, said that the long legal battle with the SEC is nearing its final stage.