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Rippleâ€™s Xrp Token Surges 96% After Partial Victory In Sec Lawsuit - Cryptocurrency - PostsMania

PostsMania Forum / Cryptocurrency / Rippleâ€™s Xrp Token Surges 96% After Partial Victory In Sec Lawsuit (508 Views)

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Rippleâ€™s Xrp Token Surges 96% After Partial Victory In Sec Lawsuit by anigold: 02:10 pm On 7 Jul 2023

XRP climbed as high as 93 cents at one point, its highest level since March 2022.

XRPâ€™s price has skyrocketed 96% in the past day, climbing the most among the largest cryptocurrencies by market capitalization after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts.
XRP climbed to as high as 93.8 cents, according to data from CryptoWatch, its highest level since March 2022, before settling to 81 cents at the time of publication.
The price action comes immediately after the District Court for the Southern District of New York said the â€œoffer and sale of XRP on digital asset exchanges did not amount to offers and sales of investment contracts,â€ as â€œthe record cannot establish the third Howey prong to these transactions.â€

www.coindesk.com/markets/2023/07/13/ripples-xrp-token-surges-28-after-court-rules-xrp-sales-arent-investment-contracts/

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