But an uptrend has recently picked up. This follows an overall uptick in altcoins and specific XRP news from Japan’s SBI Holdings. The investment giant announced last week that it would support XRP lending via its subsidiary platform SBI VC Trade. XRP is only the second cryptocurrency on the SBI lending platform, the other being BTC.
XRP traded as high as XRP/USD is trading at An attempted pump also failed to hold as prices flipped swiftly to see the cryptocurrency trade at lows of Last week, Ripple released its Q4 2020 XRP Markets report in which the company lamented the impact of the US SEC’s lawsuit filed in December. According to Ripple, the damaging impact of the charges saw XRP miss out on a 50% rally in the rest of the market.
“By bringing this case, at least B of XRP value was lost in the open market–this does not take into account the 50% rally in the rest of the crypto market over the same time period.”
Ripple price outlook
Ripple’s XRP is looking to break higher and rally past recent highs after a terrible fall following the SEC lawsuit. It didn’t help that several major exchanges then either suspended or delisted XRP, while Grayscale Investments also moved to fold its XRP Trust.
This week, the