Ripple's XRP price surged 16% within minutes following news that a judge had ruled in Ripple's favor in the US Securities and Exchange Commission (SEC) case.

According to reports, a judge ruled that Ripple's sale of XRP was not considered an investment contract offer.

This appears to be a big win for the company, as the case has been going on for more than three years.

The XRP price increased by 16% immediately following the news.

XRP Price Explodes 16% After Judge Rules in Favor of Ripple in SEC Case - CryptoPotato.