The surge in XRP wallets is attributed to the SEC lawsuit against Ripple, according to John Deaton, the founder of CryptoLaw.US and a Ripple supporter. He believes that most new XRP buyers learned about the token due to the SEC’s attack on Ripple. However, there are also many others who bought XRP because they believe in the company’s potential to be worth more in the future.

AI Sentiment: Positive