XRP’s (Ripple Crypto Currency)price has skyrocketed more than 90% in the Last 24 hours, rising 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.
The price action comes immediately after the Court of New York said the “offer and sale of XRP (Ripple Crypto Currency) on digital asset exchanges did not amount to offers and sales of investment contracts, as the record cannot establish the third Howey prong to these transactions.
XRP (Ripple Crypto Currency) climbed to as high as 93.8 cents, according to data from Crypto Watch, its highest level since March 2022, before settling to 81 cents at the time of publication.
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