Here's Why Ripple's (XRP) Price Is Rising Amidst A Market Collapse

　　There is so much going with Ripple and its XRP coin right now. Be it the latest legal rulings going in the favor of the Ripple or XRPs price skyrocketing amid the bear market conditions.

　　Recently, Ripples CEO Brad Garlinghouse said the court battle with the US SEC was panning out “exceedingly well.”

　　XRP prices increase by over 5 percent

　　XRP cryptocurrency has managed to disconnect from the current market price dump action. Usually, altcoins react to Bitcoin (BTC) price change. BTC is down by 2.7 percent in the previous 24 hours and is trading below that $41,000 price mark. On the other hand, the XRP token is up by nearly 5 percent in the last 24 hours. Meanwhile, XPRs 24 hour trading volume of $2.53 Billion is also up by 51 percent . The price increase has positioned the coin on the list of top gainers of the day.

　　Moreover, the crypto whales have also lent their interest in adding some more XRP coins to their wallet. As to WhaleAlerts, Whales have added about $45.8 million worth of XRPs. Recently, Ripples native token overtook the Solana (SOL) token to become the 6th largest cryptocurrency.

　　XRP lawsuit reaching a closure？

　　On some days, it's impossible to determine the reason behind a Token's price increase. However, it appears as though the recent optimistic comments made by Ripple's CEO on the long-running lawsuit against them are supporting the price increase. Mr. Garlinghouse has been persuaded that the commission's litigation against them is nearing an end.

　　Garlinghouse stated in an interview with CNBC that the lawsuit is proceeding much more smoothly than he anticipated. Given the case's length of nearly 15 months, he believes the legal system is rather slow. He stated that this case is critical not only for Ripple, but for the entire cryptocurrency sector.

　　Additionally, Allbridge has partnered with Ripple to implement XRP Ledger functionality (XRPL). Additionally, it stated that XRPL is the company's 14th chain addition since January.

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