XRP Jumps in Price – Here’s Why It’s Up Today

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XRP price is up 8% on March 1 as optimism about a possible dismissal of the Ripple case by the SEC and an oversold bounce boost hopes of a V-shaped recovery.

XRP pared some losses following this week’s market crash, with 8% daily gains over the last 24 hours to trade at $2.17.

The SEC sued Ripple in December 2020, alleging that Ripple sold XRP as an unregistered security. 

This lawsuit has cast a shadow over XRP for years, likey suppressing price and adoption. 

Over the past week, the new SEC administration has scaled down its enforcement actions against crypto companies.


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