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CoinGape

Why is XRP Price Up Today?

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Summary
Nutrition label

74% Informative

XRP price surged 48% between August 6 and 7 following Ripple 's favorable ruling in its lawsuit against the U.S. SEC .

Ripple’s Chief Legal Officer, Stewart Alderoty , said the SEC has only a 10% chance of winning an appeal if it decides to pursue one.

Futures traders are outbidding spot traders, as observed in the funding rate metric.

The price action is wedged between the 21 and 50 EMA , showing indecision in the market.

VR Score

67

Informative language

62

Neutral language

52

Article tone

formal

Language

English

Language complexity

38

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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