The price of $XRP, the native token of the XRP Ledger, has risen nearly 10% over the last few days on reports that the U.S. Securities and Exchange Commission’s (SEC) case against Ripple Labs, a major player in the cryptocurrency’s ecosystem, is now tilting in favor of the fintech firm.
According to available market data, XRP is, at the time of writing, trading at $0.46 per token, up from around $0.42 earlier in the week, and from a $0.30 low seen earlier this year. Year-to-date, the cryptocurrency is up over 36.8%.
