Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- Ripple (XRP) is trading at $0.4591.
- In the last 24 hours, XRP has increased by 8%.
Ripple secured a favorable court ruling on Tuesday when a judge rejected the Securities and Exchange Commission’s (SEC) request to keep documents related to a contentious cryptocurrency speech confidential.
The speech by former SEC official William Hinman on June 14, 2018, is a pivotal document in the ongoing legal battle between Ripple and the SEC. Hinman’s statement, in which he indicated that Bitcoin and Ethereum were not considered securities by the agency, is of paramount importance. The SEC’s allegation against Ripple for distributing unregistered securities centers significantly on this specific statement.
Related Posts
In response to the news, XRP experienced a significant price surge of approximately 8%, bringing its current trading value to $0.4591. This movement suggests a resurgence of investor enthusiasm in the cryptocurrency.
XRP price chart (source: CoinMarketCap)
Analyzing the trading movements in the cryptocurrency market, the Relative Strength Index (RSI) of XRP is recorded at 51.96. This reading indicates that Ripple is currently in a neutral state, devoid of any overbought or oversold conditions.
Recommended For You:
Ripple (XRP) Price Prediction 2023
