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Ripple’s XRP Token Surges 28% After Court Rules XRP Sales Aren’t Investment Contracts

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Ripple’s XRP token surges 28% after the District Court for the Southern District of New York rules XRP sales aren’t investment contracts. reporting

XRP climbed to as high as 64.7 cents, according to data from CryptoWatch, its highest level since May 2022, before settling to 60 cents at the time of publication.said

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.” Uphold, one of the few crypto exchanges where investors can purchase XRP, is experiencing internment issues, “due to high demand,” according to its

 

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