Why is XRP Price Rising Today?

XRP’s price has risen today following reports that the United States Securities and Exchange Commission (SEC) has requested a federal judge to dismiss the case against Ripple’s co-founder Christian Larsen and CEO Brad Garlinghouse.

The cryptocurrency surged by nearly 9%, reaching $0.53, marking its highest point in two weeks.

Recent data offers insights into XRP’s supply distribution among large holders, as well as trends in XRP’s futures open interest and funding rates.

With the momentum gained from this development, XRP appears to be on an upward trajectory.