On Monday, April 5, Ripple’s XRP token price surpassed $ 0.72. During the day, the asset grew by 18.9%, according to CoinGecko.
XRP is trading at $ 0.72 at the time of writing.
The token ranks seventh in terms of market capitalization with an indicator of $ 32.6 billion.
Earlier, a member of the XRP community suggested that Bitcoin exchange Coinbase is working on releasing the token. He cited several lines of code from the Coinbase Pro API as proof.
Hello #XRPcommunity
Finally Coinbase started doing there backend work to #RelistXRP https://t.co/dRCxjAKahL#XRP pic.twitter.com/Q26j7F2k4J
– 𝐊𝐫𝐢𝐬𝐡 𝐱𝐫𝐩☄️ ∞ (@TagXRP) April 2, 2021
In December 2020, the US Securities and Exchange Commission (SEC) accused Ripple of selling unregistered securities in the form of XRP for $ 1.3 billion.
Against this backdrop, some large platforms and companies have refused to support the token. Among them are Galaxy Digital, Bitstamp, B2C2, Coinbase and OKCoin.
In March 2021, the regulator said that exchanges are not breaking the rules by selling XRP. Later, the head of Ripple, Brad Garlinghouse, noted that he expects to discuss the status of the token with Gary Gensler after his appointment as chairman of the SEC.
On April 3, attorney James Filan announced that an agreement had been reached between Ripple and the SEC regarding the company’s documents. The department refused to thoroughly check two of the four emails.
#SEC v. #RIPPLE #XRPcommunity Ripple’s Letter regarding Motion to Seal with Proposed Redacted Exhibits 1 and 2 filed this evening, 4.2.2021 pic.twitter.com/dMMdNVUQw2
– James K. Filan (@FilanLaw) April 3, 2021
Recall that Garlinghouse said that Ripple will offer the market a product alternative to the XRP token if it loses in the lawsuit.
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