XRP recorded historic inflows to nearly erase losses so far this month to reflect the most significant gains out of the top cryptocurrencies, according to a Finbold report.
- XRP saw $2.4-billion worth of inflows in just a day, bringing its market capitalization up to $37.4 billion from $34.95 billion. The latest inflows almost erased losses so far for the month, with the market capitalization at $33.12 billion on April 11.
- The increase comes as Ripple Chief Executive Brad Garlinghouse recently said its legal battle with the Securities and Exchange Commission was going “exceedingly well,” seemingly supporting the XRP ascent.
- Garlinghouse indicated that the legal proceedings are going smoother than expected but noted that the case is still moving slower than it should be after still being processed for over 15 months.
- XRP has recorded a notable jump for the day, recording the biggest jump among the top 100 cryptocurrencies in terms of market capitalization while other digital tokens such as Bitcoin have declined. XRP is up 6.50%, BTC down 1.73%, ETH down 1.56%, and ADA down 0.59%.