- Recent events around Ripple reflect on XRP’s price behavior.
- XRP declined 0.55% on Saturday after gaining 0.02% the day before.
- A California court granted Ripple a procedural victory over a class action lawsuit about XRP.
Recent events surrounding Ripple have injected more dynamics into the firm’s ongoing legal challenges, affecting XRP’s price behavior. The embattled altcoin gained 0.02% last Friday following a partial court victory before declining 0.55% on Saturday amid persisting challenges.
On Friday, June 21, a California court granted Ripple a procedural victory over a class action lawsuit about XRP. That marked Ripple’s second notable court victory after Judge Analisa Torres ruled the XRP is not a security. However, she noted Ripple breached the U.S. securities laws by selling XRP to institutional investors.
Meanwhile, Ripple’s CEO Brad Garlinghouse was bullish following last Friday’s court victory. He described the favorable judgment as a “big win” for Ripple, clarifying that the judge dismissed all class action claims in the suit. He further stated that nothing in the decision negates or changes the fact that XRP is not a secur…
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