Litecoin (LTC) and XRP briefly traded locations in market capitalization rankings over the weekend, highlighting the influence of the current lawsuit in opposition to Ripple filed by america Securities and Change Fee.

The so-called “flippening” occurred early Sunday when Litecoin’s market cap hit $9.95 billion following a greater than 12% surge in value. XRP, in the meantime, had declined in extra of 25% over a 24-hour buying and selling interval. 

At press time, XRP was again within the fourth place with a market cap of $10.5 billion. Litecoin, in the meantime, was value simply over $9.9 billion. Within the final seven days, Litecoin’s value has gained roughly 14% whereas XRP has tumbled practically 20%.

Litecoin’s value has greater than doubled since mid-December, highlighting Bitcoin’s gravitational pull on the broader market. XRP was additionally on a tear earlier than the SEC introduced a lawsuit in opposition to Ripple for allegedly violating securities legal guidelines. Peak to trough, XRP value tumbled greater than 73%, in line with CoinMarketCap information.

XRP’s street to restoration is more likely to be a bumpy one as traders await the result of the litigation — a course of that might take a number of years to play out. And not using a settlement with the SEC, the worth of XRP may battle to regain momentum. A wave of delistings at main exchanges additionally threatens XRP’s rebound potential.

In the meantime, Litecoin’s ascendancy probably has extra to do with Bitcoin than any change within the challenge’s underlying fundamentals. Cointelegraph highlighted an obvious surge in altcoin quantity in December as Bitcoin’s value zipped previous $20,000.

The overall market cap of all cryptocurrencies rose to all-time highs over the weekend, peaking at round $907 billion.