Ripple rising after SEC lawsuit settlement

According to Ripple CEO Brad Garlinghouse, the XRP has shown the best performance among major cryptocurrencies over the past 90 days.

The rally coincided with Ripple agreeing to pay $50 million to the US Securities and Exchange Commission (SEC) as part of a settlement agreement. Earlier, the legal battle between the asset's developers and the regulator was one of the most prominent in the crypto industry.

As Garlinghouse stated in an interview with Fox Business, the company will actually take back most of that sum, including interest earned on sales. 

Like other cryptocurrency companies, Ripple has benefited from President Donald Trump's support. According to Crypto.news, the company put millions into his presidential campaign last year and spent about $5 on his inauguration on January 20. Against this backdrop, the SEC under the Trump administration immediately dropped numerous lawsuits against crypto companies.

Over the past year, the XRP has been moving upward, the portal's journalists note. The rally began after the re-election of Donald Trump as President of the US.