XRP's Future Hangs in the Balance as SEC vs. Ripple Case Nears Verdict
TL;DR Summary
The XRP token surged over 20% in the past 24 hours after reports of Ripple being well-placed to win a landmark case with the SEC emerged. The SEC sued Ripple in 2020, alleging the firm sold unregistered securities. Traders reacted to rumors of the case already being settled on paper, causing XRP price movement. XRP traded at 45 cents with over $5 billion in trading volume. Over $17 million worth of XRP-tracked futures were liquidated as some traders were likely caught off guard.
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