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Why XRP (Ripple) Is Soaring Today

TheMotleyFool

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Ripple's XRP (CRYPTO: XRP) token is making big gains in Saturday's trading. The digital token's price was up roughly 8.3% over the previous 24-hour period as of noon ET Saturday.

XRP's token is posting big gains following favorable developments for Ripple and key company executives in their legal case with the Securities and Exchange Commission (SEC). Per the case, the SEC alleges that Ripple, its CEO Brad Garlinghouse, and its executive chairman Chris Larsen carried out an unregistered securities offering totaling $1.3 billion in value through distributions of the XRP token.

Image source: Getty Images.

Source Fool.com

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