The ongoing legal battle between Ripple and the SEC hasn't slowed down the growth of the company's native coin, XRP, which has surpassed 4,600,000 total wallet addresses. Messari, a crypto data library, has released measurements revealing the addresses that are currently in possession of the digital asset.
A crucial legal dispute between Ripple and the SEC has been going on for over two years. Furthermore, recent events imply that the ongoing debate could be resolved quickly as the native token achieves the milestone.
Ripple vs. the US Securities and Exchange Commission may be the most crucial legal case for the cryptocurrency sector (SEC). The debate may ultimately dictate how digital assets are classified in the future, saying specifically what supports or does not support the notion of security.
The Ripple native coin, XRP, has already reached 4,600,000 total wallet addresses in the middle of those legal procedures. Furthermore, according to Messari statistics, over 38,000 active addresses have bought the asset in the last 24 hours alone.
According to Messari's statistics, XRP is now trading for $0.38. Namely, maintaining a market valuation of $19.45 billion while trading in a $0.379 to $0.379 24-hour range. On the other hand, the Ripple case's impending judicial decision may have an impact on those prices.
Optimism surrounding the case may be tied to XRP's increasing address acquisition. A decision might be made in the upcoming month since the SEC has recently been compelled to make the Hinman Address papers public. In conclusion, purchasing the cryptocurrency may be a wise investment as we approach a pivotal March for the asset.
