Ripple’s XRP has been in the spotlight recently due to its price surge over the past week. It reached a high of over $0.63 on July 18 before settling at $0.60.
Compared to Bitcoin and Ethereum, XRP has outperformed with a 12% increase in price while BTC and ETH saw gains of 6% and 3%, respectively. Google Trends data shows a significant rise in searches for “Ripple (XRP)” in the past two weeks, surpassing the interest in “Ethereum (ETH)” for almost a month.
Countries like Australia, South Africa, Belgium, Cyprus, and Switzerland have shown the most interest in XRP. However, interest in ETH has been on the rise lately, possibly due to the launch of spot Ethereum exchange-traded funds in the US.
The ongoing legal battle between Ripple and the SEC has also been a point of interest for many. The case has been ongoing for over three and a half years, with speculations of a possible resolution in the near future. Some experts believe a settlement could be reached by the end of summer.
Ripple’s CEO, Brad Garlinghouse, mentioned that a resolution is close, especially regarding the investment contracts sold to institutions. While the exact timing of the resolution is uncertain, many are hopeful for a positive outcome soon.
For more information on the Ripple-SEC lawsuit and its potential impact on XRP’s price, viewers can refer to dedicated videos on the subject.
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