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Why XRP (Ripple) Is Rising Today

TheMotleyFool

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Over the last 24 hours, the price of the XRP (CRYPTO: XRP) token had risen more than 8.5% as of 1:18 p.m. EST today. Executives at Ripple, the company closely associated with XRP and the XRP ledger, recently said that a closely watched lawsuit they are involved in with the Securities and Exchange Commission (SEC) is going well.

The SEC previously sued Ripple, its CEO Brad Garlinghouse, and Executive Chairman Chris Larsen, alleging the parties conducted an illegal securities offering when it issued XRP.

Image source: Getty Images.

Source Fool.com

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