Ripple’s prolonged battle with the Securities and Exchange Commission could wrap up soon, and fans of XRP are confident Ripple will be victorious—so much so that investors have pushed the price of the token up 21% over the past day, to 45 cents, as it's gained 19% over the past week.
The crux of the excitement comes from speculation that the end is near for a two-year-long court battle over whether, as the SEC alleges, XRP is a security and whether two Ripple executives violated the registration provisions of the Securities Act of 1933, which defined the “Howey Test” for securities.
