XRP, the digital asset associated with blockchain firm Ripple, has seen some gains lately. According to CoinMarketCap, its current price has rapidly increased by 2.45%. Such price upticks have incited optimism among the XRP community regarding the pending decision in the Securities and Exchange Commission's (SEC) lawsuit against Ripple Labs. With the CEO Brad Garlinghouse predicting that the lawsuit could be resolved within the year, many experts have speculated it could be linked to XRP's recent price increase.

However, it must be noted that even at its peak, it's not as high as it used to be. Reports from CoinGecko illustrate that since January 7, 2018, the price has dropped to 86.11%. A debate has since taken place over what the true all-time high price of XRP is. David Schwartz, Ripple's chief technology officer, proposed his insight by claiming that the $3.84 figure cited by some was misleading due to South Korean capital restrictions.

Overall, while XRP's price is still relatively low, it gives hope to the crypto community that it could possibly rally again. Further improvements in the price could also depend heavily on the outcome of the SEC lawsuit.



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