XRP: It is the name given to a digital currency which helps in the transacting the money on a Ripple network. It works as a liquidity source whenever it is necessary besides acting as a bridge among the two currencies. XRP, which is an open source blockchain operates on the interface of peer-to-peer servers.

Despite the current lawsuite XRP has hit $1 on Tuesday morning EDT amid a surge in price that has seen the value of each coin increase by over 38 percent in the last 24 hours and more than 72 percent in the past week.It brought the total value—or market cap—of all XRP tokens in circulation to more than $45.5 billion. That had fallen to $42.4 billion at the time of writing.

XRP: It is the name given to a digital currency which helps in the transacting the money on a Ripple network. It works as a liquidity source whenever it is necessary besides acting as a bridge among the two currencies. XRP, which is an open source blockchain operates on the interface of peer-to-peer servers. At the same time, it belongs to the asset class of the XRP ledger.

The Ripple vs SEC lawsuit is a legal dispute between the SEC and Ripple Labs, the creators of the cryptocurrency XRP. The SEC has alleged that XRP is an unregistered security and that Ripple Labs conducted an illegal securities offering. Ripple Labs has denied these allegations and is currently fighting the lawsuit in court.

The outcome of the lawsuit is uncertain and could have a significant impact on the future of XRP. If the SEC's allegations are upheld, it could result in a decrease in demand for XRP and a corresponding decrease in its price. Conversely, if Ripple Labs is successful in defending itself against the SEC, it could lead to renewed interest in XRP and a rise in its price.

Regarding XRP being relisted on Coinbase, it is important to note that Coinbase is a private company and can make its own decisions about which cryptocurrencies to list on its platform. While XRP was previously listed on Coinbase, it was delisted following the SEC's lawsuit against Ripple Labs. Whether or not Coinbase chooses to relist XRP in the future will likely depend on the outcome of the lawsuit and any regulatory developments in the cryptocurrency space.

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