Ripple XRP Sees Massive Surge In Trading Volume Amid Ongoing Lawsuit

Ripple’s XRP network has seen an uptick in trading volume amid the recent major wins in their case with the U.S. Securities and Exchange Commission (SEC). XRP’s Growing Trading Volume In a tweet on Saturday, crypto analytics firm Santiment reported a rapid surge in trading volume of up to $18.7 billion in the XRP network. The firm believes this could further propel towards major price movements this weekend. “XRPNetwork saw a major anomaly to end the week, with a rapid surge up to 18.7B in $XRP trading volume in the final hour of Friday (UTC time). This may be worth monitoring for some unordinary upcoming weekend price action,” Santiment tweeted. 😮 #XRPNetwork saw a major anomaly to end the week, with a rapid surge up to 18.7B in $XRP trading volume in the final hour of Friday (UTC time). This may be worth monitoring for some unordinary upcoming weekend price action. 📊https://t.co/5ohmnn81WE pic.twitter.com/G6g78itdMn — Santiment (@santimentfeed) July 16, 2022 The reason for the sudden uptick could be attributed to the recent big wins in their case with the U.S. Securities and Exchange Commission (SEC). On Tuesday, the Magistrate Judge in charge, Sarah Netburn, ruled in favor of Ripple, denying the SEC’s claim of attorney-client privilege for documents regarding the controversial William Hinman speech. This has strengthened the belief in a positive outcome for Ripple in the 2-year-long legal battle. Increased Adoption Of The...