XRP posted a double-digit rally shortly after Ripple CEO Brad Garlinghouse said that the SEC intends to drop its appeal against the company.
XRP (XRP) price is up 15% over the last 24 hours to trade at $2.55 on March 19.
The third largest altcoin by market capitalization traded 32% above its local low of $1.89 reached on March 11, as most crypto prices turned green ahead of today’s Federal Open Market Committee minutes and the highly anticipated press conference from Federal Reserve Chair Jerome Powell.
XRP/USD daily chart. Source: Cointelegraph/TradingView
