Urgent! Ripple Wins Against SEC, XRP 'To The Moon' $0.90!
"Congratulations to XRP holders who have remained loyal waiting for the price to rise."After a long time, the price of the cryptocurrency Ripple (XRP) finally managed to peak up to $0.93 when Judge Analisa Torres declared the digital asset as not a security in her Summary Judgment.It is reported that Judge Torres revealed that programmatic sales carried out by the Ripple firm, other distributions and sales of XRP by Brad Garlinghouse and Chris Larsen were not investment contracts at all.The positive decision brought significant relief to the community especially early XRP holders who have been following the case between XRP and the United States (US) Securities and Exchange Commission (SEC) since the regulator sued it for $1.3 billion in December 2020.Currently, legal actions imposed by the SEC that are still pending are Coinbase, Binance and some digital assets such as Cardano (ADA), Polygon (MATIC) and Filecoin (FIL), where they are defined as investment contracts.However, it's worth noting that the victory in XRP's favor is one of those rare surprises following the SEC's recent win in an enforcement action with Library Credit (LBRY).That streak, experts predict the declaration of XRP as a non-security could help its price bounce back from the fall to break $1 or more above that level from now.Not only that, the positive development of XRP is also able to cause the entire crypto market to soar, including helping Bitcoin (BTC) and other altcoins strengthen the momentum of their price increase which has recently seen a horizontal movement.As of this writing, XRP price is up 61.33% at $0.75 in the last 24 hours with a market capitalization of $39 billion and is up around 62.13% over the last week.
"Congratulations to XRP holders who have remained loyal waiting for the price to rise."
After a long time, the price of the cryptocurrency Ripple (XRP) finally managed to peak up to $0.93 when Judge Analisa Torres declared the digital asset as not a security in her Summary Judgment.
It is reported that Judge Torres revealed that programmatic sales carried out by the Ripple firm, other distributions and sales of XRP by Brad Garlinghouse and Chris Larsen were not investment contracts at all.
The positive decision brought significant relief to the community especially early XRP holders who have been following the case between XRP and the United States (US) Securities and Exchange Commission (SEC) since the regulator sued it for $1.3 billion in December 2020.
Currently, legal actions imposed by the SEC that are still pending are Coinbase, Binance and some digital assets such as Cardano (ADA), Polygon (MATIC) and Filecoin (FIL), where they are defined as investment contracts.
However, it's worth noting that the victory in XRP's favor is one of those rare surprises following the SEC's recent win in an enforcement action with Library Credit (LBRY).
That streak, experts predict the declaration of XRP as a non-security could help its price bounce back from the fall to break $1 or more above that level from now.
Not only that, the positive development of XRP is also able to cause the entire crypto market to soar, including helping Bitcoin (BTC) and other altcoins strengthen the momentum of their price increase which has recently seen a horizontal movement.
As of this writing, XRP price is up 61.33% at $0.75 in the last 24 hours with a market capitalization of $39 billion and is up around 62.13% over the last week.
