Ripple (XRP) coin rises over 6% today after a small win in its case against the SEC

Ripple (XRP) coin is currently trading at $0.7958.
It was up 6.60% at the time of writing.
XRP has hit a daily high of $0.846 and a daily low of $0.7276.

The price of Ripple (XRP) has risen by more than 6% today after a micro win in its case against the US SEC. Ripple seems to be slowly amassing the odds in its favor in the case.

In a hearing on Friday, March 11, 2022, the judge presiding over the case rejected a motion by the SEC to prevent Ripple from going for a fair notice defense. Immediately after the ruling, the price of XRP shot up by about 12% before retracing to its current level; although still in the green.

It is interesting to note that while XRP remains volatile following the general crypto market sentiment, the gains it has made after the ruling have enabled it to regain last month’s losses.

After the ruling, Ripple’s General Counsel Stuart Alderoty said:

The developments could probably mean that the SEC vs Ripple case may be close enough to its conclusion after dragging for several years.

Ripple CEO Brad Garlinghouse also commented saying: