Coinbase has filed a lawsuit against the SEC in the US Circuit Court, seeking to compel the securities regulatory agency to respond to a rulemaking petition filed last July, asking for regulatory guidance for the crypto industry. The move has been celebrated by members of the XRP community, with supporters of the cryptocurrency taking to Twitter to back Coinbase's decision to pressure the SEC via the lawsuit. However, some critics, such as CryptoBull, have called out Coinbase for de-listing XRP and not supporting Ripple in its legal battle against the SEC. Nevertheless, attorney Jeremy Hogan believes that many XRP supporters no longer consider Coinbase an enemy.

Ripple’s native crypto, XRP is trading under increased selling pressure losing its gain registered over the past week. XRP price is down by more than 11% in the last 7 days. However, this dip has allowed the crypto whales to add accumulate more XRP tokens.

Ripple CTO David Schwartz has clarified the company's prefunding strategy for XRP, explaining that customers can prefund in just one account and make payments to any On-Demand Liquidity (ODL) destination market. He also highlighted the flexibility of Ripple's system, stating that customers can hold their funds in their preferred asset and pay in a different one. Schwartz confirmed that Ripple can prefund accounts using their own XRP at very near zero cost, but the company does take on some credit risk and must charge for that accordingly. There is a non-zero risk that the customer will not pay the company back for the XRP, particularly if a customer's funds are held in a bank that fails or goes bankrupt for some reason.

XRP Healthcare Africa, a subsidiary of XRP Healthcare, has partnered with FasterCapital, a venture capital enterprise overseen by the esteemed financial guru Hesham Zreik, to source capital for the procurement of private medical institutions spanning the African continent.

In a recent publication, California-based fintech firm Ripple has revealed that its global $XRP-powered global proprietary payments solution, RippleNet, has processed nearly $30 billion across approximately 20 million transactions since launch.

Xrp plunged to a multi-week low in Friday’s session, as the token slipped for a third consecutive session. The move pushed prices to their lowest point since late March, with the global market cap trading 2.39% lower as of writing. Cardano also fell to a two-week low.