Ripple's XRP token is experiencing a positive trend, with a recent surge in its value, as the community awaits the platform's opposition brief on April 22, 2024. XRP's price climbed to a peak of $0.6212, reversing the losses it suffered before the Consumer Price Index (CPI) Report.

At present, XRP is trading at $0.6185, representing a slight increase of 2.69% over the past 24 hours. The token's impressive performance extends beyond the last day, with a significant rise of over 24% in the past week and a subtle uptick of 1.68% in the past month.

With a market cap of $34,056,510,337, XRP remains one of the top 10 cryptocurrencies. However, its trading volume of $2,385,213,279 has decreased by 5.22%, reflecting the fluctuating trends in crypto trading.

Ripple has been embroiled in a legal dispute with the Securities and Exchange Commission (SEC) since 2020, when the regulator filed a lawsuit against the platform. The SEC accused Ripple of offering unregistered securities through the sale of XRP tokens. Despite the ongoing legal battle, XRP's price has shown resilience, with its recent surge indicating the community's support and confidence in the platform's future.