Ripple (XRP) Surges 20% in 14 Days: Here’s Why

XRP has been one of the top performers in an otherwise stagnant or even declining cryptocurrency market, with most coins falling.

The cryptocurrency is up more than 20% from its Sept. 28 low and trading prices at the time of writing, as shown in the chart below.

Source: Binance via TradingView SEC lawsuit against Ripple going well

One of the biggest variables for XRP’s future price performance is the outcome of the lawsuit between the SEC and Ripple.

However, after its latest victory on Sept. 29, the process appears to be working in the company’s favor.

At the time, as CryptoPotato reported, New York Judge Analisa Torres ordered the SEC to turn over internal documents, including emails and drafts. These relate to a speech given by former Commissioner William Hinman in 2018.

The speech itself is known for containing comments on Ethereum’s legal status, in which the commissioner stated that ETH, along with BTC, is not a security. Hinman’s internal emails are also believed to be relevant to the case, as he is believed to have a conflict of interest with Ethereum. This is because he previously worked at a law firm at Enterprise Ethereum Allinace.

At the time, it was evident from the charts that the price exploded.

New partners in France and Sweden

Just today, San Francisco-based Ripple announced its first On-Demand Liquidity (ODL) clients in Sweden and France.

The clients are Lemonway and Xbaht, the two companies that enable the flow of funds between Thailand and Sweden.

Speaking on the matter, Sendi Young, the company’s managing director for Europe, said:

Since its inception a decade ago, Ripple has focused on building real-world use cases using blockchain and cryptocurrencies. That’s why we’ve become the partner of choice for businesses like Lemonway and Xbaht looking to leverage global cryptocurrency liquidity to eliminate traditional problems associated with cross-border payments, such as lack of speed, unreliability and prohibitive costs.

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