Ripple Labs has been slapped over and over again with lawsuits this year. In fact, the last one came on August 9.
For these reasons, the Tuesday win is likely a breath of fresh air for Ripple Labs and the XRP community. On Tuesday, August 14, the Northern District of California denied Ryan Coffey’s effort to move a Ripple lawsuit to a lower court.
At the start of 2018, Coffey stated XRP’s a security, but Judge Phyllis Hamilton stated that the rules the investor cited do not apply. While this may have been a blow to some, it was the opposite for others.
Looking at the market, it appears the latter mentality is the more dominant one, but there’s an alternative explanation for that. After days of selling off, XRP is sporting a green look today, indicating bullish movement.
At press time, XRP is selling for $0.287931, which puts the coin up 9.50% in the past twenty-four hours. As a result, it appears the XRP price movement has more to do with the market’s overall improvement Wednesday. XRP is not the only coin doing well today, all of the top-ten coins are. Read more from cryptocurrencynews.com…
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