$XRP Price Surges 14% to Above $1 for First Time Since June 4

On Thursday (August 12), XRP extended the bull run that began on July 21, surging above the $1 level for the first time in nearly 10 weeks.

According to data from TradingView, on crypto exchange Bitstamp, at 07:08 UTC on August 12, the XRP price reached $1.00173.

Currently (as of 08:20 UTC on August 12), XRP-USD is trading around $1.00818, up 13.96% in the past 24-hour period (and up 74.44% in the past three weeks).

Yesterday (August 11), American lawyer Jeremy Hogan, a partner at the law firm Hogan & Hogan, who has been providing valuable commentary throughout the lawsuit brought in December 2020 by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs, jokingly said that he had become “an official member of the XRP army.”

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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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Image by “jensjunge” via Pixabay

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