XRP has recorded a jump in inflows by over $2.4 billion to $34.95 billion in the past 24 hours as optimism mounts about the possible conclusion of the lawsuit with the SEC.
The jump is a deviation from the price correlation of altcoins to that of bitcoin, which is currently trading 1.95% lower in the past day at $40,200.
The payments digital asset has surged by 7.87% in the past day to $0.7794, becoming one of the top-ranking tokens trading at a profit.
Ripple’s CEO Brad Garlinghouse remarked during the Paris Blockchain Week that the case was going exceedingly well in favor of the firm.
The optimism by the executive, who said the case might be approaching a conclusion, seems to be giving the token some bullish sentiment. Garlinghouse has been critical of the slow court process since the case started more than 15 months ago.