Other large cryptocurrencies such as bitcoin, Ethereum, and Binance Coin have dropped 0.7%, 6.2% and 5.4% respectively over the past week, according to CoinGecko data.
Cryptocurrency XRP surged 17.6% over the past 7-day period, while other top 10 cryptocurrencies by market capitalisation experienced decline post the recent rally.
This is amid an ongoing lawsuit filed by the US Securities and Exchange Commission against two of Ripple’s executives in Dec 2020 for trading US$1.3 billion XRP as security without informing the regulator.
