XRP Price Surges Amid Update on SEC Legal Battle

XRP price surged 3.85% to hit a two-week high of $0.566, overcoming the cryptocurrency market’s 1% decline on October 17. The bullish momentum was fueled by a crucial update in Ripple’s legal battle with the SEC. Rumors suggest that the SEC missed a filing deadline, potentially weakening its case against Ripple. Despite the uncertainty, XRP reacted positively, possibly due to the legal battle losing steam. The price spike occurred after a debate between Senator Elizabeth Warren and cryptocurrency advocate John Deaton, impacting Warren’s chances in the Massachusetts Senate race. Deaton, advocating for the fair treatment of XRP, saw his chances rise, influencing the price of XRP. The article also highlights XRP technical analysis, targeting a bullish trend confirmation above $0.547. However, it is essential to note that the article does not provide investment advice. $BNB $USDC $BTC