XRPUSD up 20% on reports it is expected to win landmark case

The XRPUSD has gone up more than 20% as reports emerged that the issuer is expected to win the landmark case against the US Securities and Exchange Commission (SEC): XRP is currently trading at 44.9 cents with trading volumes of more than $5 billion and some traders have been offside, with over $17 million worth of XRP-tracked futures liquidated in a higher than usual figure, according to Coinglass data.

Ripple has a new filing this week in support of its fair notice defense, referencing rulings on SEC objections in the Voyager Digital Holdings bankruptcy case.

The argument presented by Ripple defendants in the filing was supported by the basis for Judge Michael E. Wiles rejecting the SEC objections.

Henry Liu, CEO of BTSE, told Coindesk that the positive momentum is being driven by the presumed resolution of the case in Ripple's favor.

Any progress in the case has resulted in XRP price movement, although Ripple has kept a distance from its relationship to the XRP token and the XRP Ledger network.

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