the price of the Ripple digital coin (XRP) rose 86% in the first trading hours of Saturday's session, after members of the investment group based on Reddit shifted their focus From Dogecoin.

According to the Coin Telegraph, the price of Ripple witnessed a strong 86% penetration in the first trading hours on Saturday, as the digital currency ranked fourth in terms of market value, the currency The new focus of the group (r / Satoshistreetbets), which focuses on digital currencies and emanating from the group (r / Wallstreetbets).

data from the Coin Telegraph and Trading View markets show that Ripple rose from $ 0.28 to a peak of $ 0.51 before selling profits sent the price back to $ 0.41. / p>

it appears that last week's actions that saw r / Wallstreetbets pay the price of GameStop, AMC, and Dogecoin (DOGE), have moved on over the weekend as Stellar (XLM) has also seen its prices rise along with Ripple.

After rallying more than 800%, DOGE's price is now down 71% from its all-time high of $ 0.078 on January 29th. Data from The Tay also shows that the rise in Ripple's price coincided with a big jump in tweet volume.

Stellar (XLM) has also received some attention from (r / Satoshistreetbets); This led to a 64% price hike on January 27, which saw the price of XLM reach $ 0.38 before correcting to its current value of $ 0.318.

Legal issues encountered by Ripple may lead to discouraging ascent

In the past few months, Ripple's price has been hit hard by a lawsuit brought by the US Securities Commission (SEC) against Ripple.

The SEC claims that the company is making an ongoing offering of illegal securities as Ripple continues to periodically sell Ripple tokens from the treasury.

Ripple recently submitted a Freedom of Information Act request to the SEC to obtain documents relating to Ethereum founders.

The company is demanding to know why Ethereum (ETH) is not considered a securities, and said that the government body clearly chose two winners and ignored a growing and powerful industry much larger than Bitcoin and Ethereum.

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