XRP's price has risen 96% in the last day, the most among the major cryptocurrencies by market capitalization.
After a US judge determined that the selling of XRP tokens on exchanges did not constitute investment contracts.
According to CryptoWatch statistics,
XRP reached a high of 93.8 cents, its highest level since March 2022, before settling at 81 cents at the time of publication.
The price movement comes shortly after the District Court for the Southern District of New York ruled that the
"offer and sale of XRP 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."
