XRP, the Ripple token, has jumped 30% in the past 24 hours, from $ 1 to $ 1.30. The increase comes despite Ripple facing a tumultuous lawsuit from the United States Securities and Exchange Commission (SEC) since December. The SEC accused the company of raising $ 1.3 billion in continued sales of unregistered securities since 2013. Ripple denies the charges, arguing that the regulator should treat XRP the same way it treats Bitcoin or Ethereum - as a decentralized project. The currency fell to $ 0.26 after the lawsuit was announced in December, and fell to $ 0.2 after several major brokers, including Coinbase and Crypto.com, stopped trading the asset. But, as the crypto market heats up, XRP returns to the top; The price of XRP is now more than double its price in the days before the SEC lawsuit. With a market capitalization of $ 57 billion, XRP today - once again - followed Bitcoin, Ethereum and BNB to become the fourth largest cryptocurrency, according to CoinMarketCap. XRP's latest rise coincides with the dynamic growth of the entire market. Today, Ethereum has reached a high of $ 2,197, BNB has reached $ 471 and Bitcoin has once again exceeded $ 60,000. Yesterday, the company prevented the SEC from exposing eight years of financial records from its CEO Brad Garlinghouse and former CEO Chris Larsen. Earlier this week, the company won a motion of discovery that required the SEC to deliver documents related to its internal thinking about crypto assets. If those documents mentioned XRP as a "virtual currency" instead of a title, Ripple's lawyers could use that against the SEC case, which is based on his determination that XRP constitutes a title.
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