The Securities and Exchange Commission [SEC] and Ripple’s dispute have gone through several stages. The case has been ongoing for more than two years, and the conflict seemed interminable. The ongoing legal dispute also had an impact on XRP’s price and discouraged retail investors. However, after an endless back-and-forth battle, Ripple has come out victorious in the ruling.
According to the latest ruling, a US judge has officially ruled that Ripple XRP is not a security. The ruling has finally put an end to the ongoing battle between XRP and the SEC.
Also read: US Judge Rules Ripple XRP is Not a Security
The news definitely had a positive impact on the price of XRP. According to the latest data, Ripple XRP has surged by 30% following the news.
Ripple XRP Surges by 30% following the news
According to CoinMarketCap data, Ripple XRP has surged by 30% following the positive outcome of the ongoing lawsuit. XRP went up from a 24-hour low of $0.4679 to its highest price of $0.6119. At press time, the coin was trading at $0.6098, with the trajectory and likelihood of the coin surging even more.
The price of XRP has been heavily affected over the past few years due to the ongoing lawsuit. However, the latest news has definitely turned out to be a big win for the XRP community and the crypto community as a whole.