The price of Ripple’s XRP has exploded by as much as 16% in minutes following reports that a judge has ruled in favor of Ripple in the case against the Securities and Exchange Commission of the United States.

• According to reports, a Judge has ruled that Ripple’s sale of XRP doesn’t constitute an offer of investment contracts.
• This seems to be a major win for the company, as the case has been ongoing for more than three years.
• XRP’s price exploded by 16% immediately after the news broke out.

• The move marks a major legal victory for Ripple and a slam for the US SEC, which was unable to establish that the sales of XRP constituted an investment contract.
• XRP investors have taken the news incredibly positively, as the cryptocurrency has soared immediately since the news broke out.
• It has now entered the top 5 largest cryptocurrencies by means of total market capitalization and continues trending higher.

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