“Involved by the SEC” XRP’s recent split from XRP could soon push it in that direction

The community has been waiting a long time for this, but XRP can finally show some strength on the price charts. At the time of writing, for example, the altcoin was among the biggest gainers in the market with a 24-hour rise of more than 10%. Thanks to the same, the altcoin traded as high as $0.38. For some observers, this latest rally coincides with growing optimism about the imminent end of the SEC’s lawsuit against Ripple Labs.

However, according to attorney John Deaton, strong parallels can be drawn from XRP’s recent bullish activity.

CryptoLaw founder John Deaton points to two altcoins that appear to be moving in tandem with XRP. Like XRP, LBRY and DRGN are also on the charts, with gains of 11% and 5% respectively.

Curiously enough, all three tokens were “participated by the SEC,” according to Deaton.

As mentioned earlier, the XRP rush could be related to the filing of a judgment summary request by both Ripple Labs and the SEC today. Another reason for this increase may be the anticipation of the public, which is increasingly hoping for a Ripple victory.

In fact, the latest price action researcher for XRP Krypovenko Share some thoughts on this issue as well. In a recent tweet, the anonymous researcher claimed that XRP appears to be “decoupling from the rest of the cryptocurrency market.”

source: Krypovenko

Thanks to the recent fall updates and the subsequent price hike, XRP has also become a hit on the social metrics. In fact, according to LunarCrushXRP ranks behind ADA in the most popular searches on its website.

Was that even surprising?

The recent surge in XRP has come as no surprise, especially after a relatively impressive week of the altcoin’s performance. This is despite the harsh reality that the larger crypto market faced during the same week.

There was also an uptick in electoral activity due to XRP’s improved relative strength. In fact, CryptoVinco also claimed that a “huge whale” bought more than $500 million in XRP on September 17th.

With the lawsuit coming to a close and the cryptocurrency showing some belated promises, could XRP go through the hack season now? The answer will come with time.

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