Ripple price rises, confidence in victory over SEC increases

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12 Independent Entities Pledge Legal Support for Ripple

With the reassuring words of Brad Garlinghouse, the founder of Ripple, and renowned attorney John Deaton, confidence is growing among the Ripple community that they will achieve an outright victory in their lawsuit with the SEC.

Attorney John Deaton pointed out that the SEC did not stop Ripple from selling XRP after lawmakers reviewed his filings. Ripple Labs attorney Stuart Alderoty pointed out that the SEC has been actively harming the XRP investors they claim to protect for over two years.

Trust in Ripple is growing

Growing confidence in Ripple has resulted in the price of XRP rising above the psychological level of USD 0.40. It also hit a two-month high of $0.432. At the time of writing, the price has dropped slightly again and 1 XRP token is trading at a price of $0.422. That is still more than 5 percent higher than a day ago.

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