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Ripple SEC Lawsuit EndsCoinGape
•63% Informative
XRP price exploded 20% on Thursday , erasing the entire Monday crash, thanks to the conclusion of the case between Ripple and the SEC .
The SEC sued Ripple in December 2020 for allegedly violating US Securities Law with the sales of its issued token XRP .
The presiding Judge, Analisa Torres , ruled on Wednesday that Ripple pay $125 million in civil fines.
The judge also imposed an injunction warning the blockchain against future securities law violations.
XRP must hold above $0.6 support to protect weekly gains and avoid a potential correction.
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