While the cryptocurrency market has taken a hit following the allegations against Binance, Ripple (XRP) is standing tall amidst the chaos. The cryptocurrency market, which has been trading in the green amidst the collapse of several banks, has reversed directions.
Following the lawsuit by the US CFTC against Binance and CZ, the prices of Bitcoin, Ethereum, and other major assets have taken a toll.
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Ripple up by 22% over the last seven days
According to the data from CoinMarketCap, Ripple is up by 3% in the last 24 hours. At press time, XRP is the one of the only assets that is trading in the green and stands at $0.4621. The 24-hour trading volume is also spiked by 80%, bringing its market cap up by 4% in the last 24 hours.
The data also shows that it’s up by 22.6% in the last seven days and 22.49% in the last 30 days.
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However, Bitcoin is trading at $27,000 with a 3% drop in value, and Ethereum stands at $1,700 with a 3.3% drop in the last 24 hours. One new reason for the falling prices is a lawsuit against the largest cryptocurrency exchange, Binance.