I think the comparison of Bitcoin and altcoin in the crypto money world will never end. If Bitcoin has been prevented in a data, this situation draws attention. Our news also focuses on this. Let’s have a look at the details.
Important developments for altcoin XRP
Ripple CEO expresses his confidence in the ongoing litigation with the US Securities and Exchange Commission. On the other hand, XRP outperforms Bitcoin. The price of XRP has been outperforming Bitcoin (BTC) lately. CoinMarketCap data in particular shows that XRP has maintained double-digit growth for two weeks. Accordingly, BTC registered only a 2.32% increase in seven-day cumulative growth. On the other hand, altcoin XRP is well ahead with 12%. In a recent report, Forbes attributes the continued appreciation of XRP to one reason. That’s why, recent statements by Ripple CEO Brad Garlinghouse, who expressed confidence that the long-running legal battle with the US Securities and Exchange Commission (SEC) is coming to an end.
Garlinghouse recently made a bold prediction. Accordingly, he stated that he believed the case would be concluded in “weeks, not months”. Following this announcement, altcoin XRP has posted double-digit gains over the past week. This timeframe coincided with a drop in Bitcoin’s value. Garlinghouse’s confidence mainly fueled optimism among XRP investors. Ripple’s landmark victory over the Hinman documents reinforced this optimism.
Hinman documents to be released in June
Garlinghouse spoke on YouTube with Tai Panich, CEO of technology investment firm SCB 10X. In the speech, he underlined the recent court developments, which he described as a “major gain for transparency”. He pointed to the June 13 date when some documents could be made public, including notes and emails about an important speech by the SEC’s former director of corporate finance, Bill Hinman. Now everyone in the cryptocurrency world is waiting for this date. Because there is a possibility of a price increase for the altcoin XRP.
He also emphasized that Ripple’s decision to defend itself is in the interest of not only the company but the entire crypto industry. The CEO also noted that regulatory actions are leading US-based crypto companies to explore alternative options overseas. As Kriptokoin.com we have emphasized before, there is support especially in Ripple’s ongoing legal struggle with the SEC. Ripple has gained support from the wider crypto community, who are eagerly awaiting a positive decision from the court. A pro-altcoin XRP lawyer recently stated that Ripple’s victory will push the price of XRP above $2.
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