The crypto market recorded a decline on Friday reflecting a surge in selling pressure over the past day. The biggest cryptos like Bitcoin (BTC) and Ethereum (ETH) recorded a price drop of almost 2% in the last 24 hours. However, Ripple's cryptocurrency XRP did the opposite by surging around 4%.
XRP turned out to be one of the biggest gainers while the crypto market continued to decline. XRP price surged by 4% in the last 24 hours recovering from the previous decline. Its 24-hour turnover jumped by 43% to $1.48 billion.
XRP is trading at an average price of $0.46 at the time of writing. However, XRP has gained the most in the top 10 crypto calculations over the past 7 days. Ripple's native crypto price surged over 8% in the last 7 days overtaking Bitcoin.
XRP before becoming less popular due to issues between the US SEC and Ripple. But lately, we have seen good developments for Ripple. Most recently Judge Analisa Torres rejected the SEC's motion to seal documents related to Hinman's famous speech.
However, the SEC still has the option of appealing the decision. As the record is set by the commission, it may use this option to delay the process.
Both parties will discuss when and how documents may be released. Legal experts suggested the commission delay it for 10 days to submit a reconsideration since the decision was announced.
