Why the Price of XRP Is Rising Today

Why the Price of XRP Is Rising Today

Over the last 24 hours, the price of XRP (CRYPTO: XRP), which was developed by the company Ripple Labs, is trading about 10.7% higher as of 10:24 a.m. ET today after receiving a favorable ruling in court. In 2020, the Securities and Exchange Commission sued Ripple Labs, claiming the company did not properly register XRP as a security when it raised funds in 2013. The SEC also alleged Ripple did not provide adequate disclosure to investors.