SEC v Ripple:
XRP outperformed the broader crypto market from Monday (Mar 18) to Saturday (Mar 23), falling by 1.15% to $0.6117. In contrast, the total crypto market cap was down 6.01% to $2,361 billion.
The Coinbase filing with the CFTC fueled a Wednesday-Thursday rally, reversing losses from Tuesday (Mar 19).
XRP faces several headwinds, including SEC plans to appeal the Programmatic Sales of XRP ruling. In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP do not satisfy the third prong of the Howey Test.
Moreover, XRP benefitted from increased scrutiny of SEC activity within the US digital asset space.
An ongoing investigation into crypto conflicts of interest…
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