Despite ongoing legal issues, Ripple's XRP has seen increased interest from traders, with 1.08 million active addresses recorded. Ripple's Liquidity Hub launch has raised further excitement about its future.
, it was evident that XRP enthusiasts were excited about the launch of the Liquidity Hub. However, the official statement did not mention the role that XRP would play in the new service, nor was XRP mentioned at all.
Some commenters pointed out this omission and raised concerns about it. One possible explanation for this could be the ongoing legal battle between Ripple and the SEC., it was evident that despite concerns surrounding the ongoing legal battle with the SEC, XRP had managed to trend upwards. As of this writing, XRP was trading at approximately $0.51, showing a gain of nearly 1%.
Additionally, a support range was forming around the $0.50 and $0.48 price levels. XRP continued its bullish trend, evidenced by its Relative Strength Index line crossing over the 60 line.Santiment’s volume metric indicated that Ripple experienced several spikes over the past month. However, there had been a subsequent decline in volume, suggesting a correction in the market. As of this writing, the trading volume for Ripple was over 1.5 billion.
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