Ripple has published its XRP markets report, which covers the major developments in the cryptocurrency industry and wider financial markets during Q1 of this year.

 The report indicates that Ripple is optimistic that the current macroeconomic uncertainty will persist throughout Q2 of 2023.

Despite the ongoing macroeconomic uncertainty, Ripple believes that companies which prioritize responsible risk management and practical usage in the real world will still be successful once the global economy recovers from its current state.

Ripple vs. SEC

Ripple has also commented on its ongoing legal battle with the SEC, which has been ongoing for more than two years. 

The company has stated that it anticipates a summary judgment in 2023 but acknowledges that the court ultimately determines the timeline. 

Previously, Ripple and its executives had expressed optimism that a verdict could be reached as early as the first half of 2023.

At the time of writing, the current price of XRP is 0.4714, reflecting a 2.72% increase over the past 24 hours.