The XRP price has risen by 2% in the past 24 hours, reaching $0.369805 after the cryptocurrency market barely moved overnight.
The coin has fallen by 2.5% in the past week and by 10% in the last 30 days, caught up in the negative market sentiment that has arisen out of the news of Silvergate Bank’s financial difficulties.
However, the ongoing Ripple-SEC case looks as though it could end up having a positive outcome for XRP.
Judge Analisa Torres has granted Ripple’s motion to exclude testimony from a so-called expert witness called by the SEC, while she has also denied the regulator’s motion to revoke the amicus status of popular XRP advocate John E. Deaton.
This confirms suspicions that the SEC’s case isn’t especially strong and that the judge may reach a judgment that enables Ripple to continue its business as before.
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