An investor could hardly pick a better trading stretch than the past few days to be invested in some of the market's top altcoins. Following a very impactful -- and very favorable -- court ruling for XRP (CRYPTO: XRP) developer Ripple Labs, many of these cryptocurrencies rocketed higher. 

XRP was, understandably, among the leaders; according to data compiled by S&P Global Market Intelligence it was up by almost 63% week to date as of early Friday morning. Others weren't far behind, with the XRP-like (CRYPTO: XLM) up 50% and Solana (CRYPTO: SOL) cruising more than 37% skyward. 

The major catalyst during the week was Ripple Labs' largely successful defense in a high-stakes lawsuit brought by the Securities and Exchange Commission (SEC) in late 2020. The government agency has been claiming for some time that many cryptocurrencies qualify as securities, similar to stocks or bonds, and therefore fall under its purview. This lawsuit is being seen as a model case for that regulatory status.

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Source Fool.com