Prominent cryptocurrency exchange Bitrue highlighted XRP’s outstanding performance last week, raising whether the asset can continue its upward momentum.
Bitrue recently pointed out the dominance of XRP in the cryptocurrency market in an interesting post on X last week, providing interesting updates about the fourth-largest Altcoins.
Three Fantastic XRP Updates
According to exchange reports, the price of XRP fluctuated by over 60 cents last week. Recall that last week XRP saw a surge of over 40%, reaching a multi-month high of around $0.64. The protest gained momentum after rumors of an imminent settlement between the SEC and Ripple. It began the night before the first anniversary of Judge Torres’ summary judgment.
Bitrue stated that the wider XRP group expected the SEC-Ripple legal dispute to be resolved soon. Specifically, the community hopes that the two parties will agree soon, which could bring an end to the multi-year court battle.
The SEC held a Sunshine Act meeting last week to discuss key issues such as administrative procedures and the settlement of injunction actions, and that’s when settlement rumors spread.
Despite the SEC’s decision to reschedule the closed-door meeting from July 18 to July 25, many members of the community hope that a resolution will emerge soon.
Finally, Bitrue’s update highlights XRP has maintained its price for most of the week. Particularly, despite the overall market’s huge falls, XRP has remained stable around $0.6. XRP is currently trading at $0.6023, up 9.52% over the last seven days and 1.48% on the daily chart as of the time of this writing. The top 20 cryptocurrency assets are shown in red over the 24-hour period, while XRP is up on the daily chart.
Bitrue raised questions about whether XRP can continue its upward trend considering the token’s recent performance and last week’s update.
“Do you think XRP has what it takes to move forward?”
Bitrue’s Infinite Support for XRP
For most of the year, Bitrue has been bullish on XRP. Besides offering over 90 XRP spot trading pairings, Bitrue has also added attractive coin-related incentives. Notably, earlier this year, Bitrue held a $1 million trading competition for XRP.
Bitrue reaffirmed last month that it would support XRP in both bullish and bearish markets. The exchange consistently uses the rocket Emoji for most of its XRP-related tweets, showing that it believes XRP has the potential to raise.
