Uphold never expected XRP to be among its top trending coins.
In recent times, XRP has attracted lots of attention among cryptocurrency investors as new developments are reported in the legal battle between Ripple and the SEC.
Following the increased investors’ interest in XRP, the crypto asset ranked as the top trending coin on Uphold, a leading crypto exchange. XRP led other top crypto assets like Dogecoin (DOGE), Kava (KAVA), XDC Network (XDC), and Casper (CSPR).
The development came as a surprise to Uphold, as the exchange never expected XRP to make the list of the top 5 trending coins on the platform.
Today’s top trending assets on Uphold!
Who didn’t expect $XRP to be in the top 5 😅
Do you think $KAVA, $XDC, $DOGE or $CSPR might take the top spot next week? pic.twitter.com/JBhUq7qDMB
— Uphold (@UpholdInc) October 28, 2022
Interest in XRP Spike Amid Events in Ripple vs. SEC Suit
It is noteworthy that interest in XRP is largely influenced by developments in the Ripple vs. SEC lawsuit. Whenever the lawsuit seems to be going in Ripple’s favor, there is a likelihood that investors’ interests in XRP will soar, thus helping the asset class to rank among the top trending coins on various crypto trading platforms.
Several positive developments have been recorded in Ripple’s favor in the ongoing lawsuit this month. TheCryptoBasic reported that several firms have declared support to file amicus curiae briefs in Ripple’s favor. In addition, the SEC also surrendered drafts of William Hinman’s 2018 controversial speech to Ripple.
XRP has been reacting positively to these events, spiking as high as $0.53 on October 9, 2022. At the time of writing this line, XRP is trading at $0.46, with a slight gain of 2% in the past 24 hours.