XRP price surged to over 64 cents, the highest since March 25, amid optimism for resolving the SEC Ripple lawsuit.
Traders are hopeful for a settlement between the SEC and Ripple Labs after SEC's intention to amend its complaint.
Unlocking 1 billion XRP could lead to a price decrease, but research suggests it might boost a bullish trend due to increased liquidity.
South Korean traders drive XRP demand with high trading volumes, indicating their influence in crypto markets.
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