After the partial victory in the SEC case, the XRP price, which managed to rise from $ 0.46 to $ 0.92, settled around $ 0.70 after the excitement wave passed.
With a development that took place minutes ago, volatility in the XRP price increased again and the price of the token suddenly lost 2% of its value.
The reason for this increase in volatility is thought to be very likely the sentence used by the judge in the case between the SEC and Terraform Labs and Do Kwon.
US District Judge Jed Rakoff, who handled the SEC lawsuit against Terraform Labs and its founder Do Kwon, said Monday that he rejected the distinction made between public and corporate sales in the Ripple case. Rakoff's decision does not overturn the earlier decision of US District Judge Analisa Torres, but it does rekindle uncertainty about the status of digital assets.
The judge in the case between the SEC and Terraform Labs and Do Kwon had decided minutes ago that the case should continue.
Since the news is very new, it should not be forgotten that the volatility in the XRP price is likely to increase further in the coming hours.
*Not investment advice.
