Cryptocurrency XRP grew by 40% in two days

The XRP token, a Ripple blockchain, has grown by 40% in 2 days — at the time of writing, the cryptocurrency is trading at $ 0.51.

Currently, XRP remains the only digital asset that is actively growing weekly, while other cryptocurrencies in the top 10 are showing a decline. Cryptocurrency analysts attributed the 40% growth of the token to the SEC and Ripple Labs' filing of a motion to dismiss the court case (the regulator accused Ripple of selling unregistered securities and tried to prove it for two years).

Members of the cryptocurrency community hope that Ripple’s representatives will succeed in obtaining a positive court decision. In any case, the outcome of the litigation between the blockchain and the US regulator will have significant consequences for the entire cryptocurrency industry. «The SEC is not interested in complying with the law. In an unacceptable attempt, they want to expand their jurisdiction far beyond the powers granted by Congress,» Ripple CEO Brad Garlinghouse commented on the situation.

Cryptocurrency hackers are taking advantage of the popularity of the XRP cryptocurrency, and their most popular scam at the moment is fake token giveaways on Twitter. The scheme is simple: hacking a page with several hundred followers, publishing posts about a fake XRP airdrop, attaching phishing links, and sharing posts by famous people to make it believable. For example, two days ago, hackers hacked the Twitter account of the Indian Embassy in Oman, where they published posts about a free XRP giveaway. The same situation happened to the Twitter account of the Indian cryptocurrency exchange CoinDCX. Here, too, the fraudsters promised to give away Ripple tokens to everyone who followed the link.