Ripple wins significant legal victory against SEC: XRP price increases by over 65%

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ripple wins a legal dispute against sec: XRP price increases

A significant legal victory for Ripple recently won ahead of the Southern District of New York when the court decided that the programmatic sales of XRP and other distributions of the company were not offered and no sale of investment contracts. This is good news for Ripple and XRP, as it ensures more regulatory clarity and paves the way for an increased introduction of cryptocurrencies.

Although the court admitted that institutional sales of XRP were an unregistered offer and a sale of investment contracts through Ripple and thus violated the securities act, sales to users through stock exchanges were regarded as "in order", as long as they were handled through order books and not via ICO/IEO/launchpad-like platforms. Other activities such as rewards, investments and transfers in XRP were also not considered securities.

Adam Cochran, a well-known analyst, believes that the court ruling also represents a positive development for crypto exchanges. It indicates that all sales of cryptocurrencies are again handled by public order books, which could make it easier for investors to act XRP and other cryptocurrencies on regulated stock exchanges.

The effects of this judgment can already be felt because the American stock exchanges Coinbase and Gemini resumed the trade of XRP after having to temporarily remove Ripple from their offer due to the lawsuit.

The positive outcome of the legal dispute has also influenced the XRP price. Since the judgment, the Ripple course has increased sharply, with an increase of over 65 % in the last 24 hours. The cryptocurrency even reached the $ 0.95 mark before correction. The XRP price is currently $ 0.79 and has thus reached an important milestone.

Technical indicators indicate that the upward trend of XRP could continue. The ADX, which measures the strength of a trend, shows a strong increase, while the Squeeze-Bear momentum indicator of XRP shows a significant upward movement. These factors could lead to XRP breaks through the $ 1 brand.

The judgment brings more clarity and security for Ripple and XRP and could encourage institutional investors to invest in cryptocurrency. The uncertainties about the regulatory status of XRP, which had arisen by the legal dispute with the SEC, could decrease by the judgment.

It remains to be seen how the XRP price and the acceptance of Ripple will develop in the future. But the judgment definitely has a positive impact on the market and makes the future of Ripple and XRP look promising.

NOTE: The information in this article only serves for information purposes and do not represent investment advice. Only invest what you are ready to lose and consult a financial advisor if necessary.