XRP up 4.42% after judge denies SEC motion

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XRP up 4.42% after judge denies SEC motion

The XRP was up 4.42% after a federal judge denied a motion by the SEC to overturn its recent loss against Ripple Labs. The value of XRP rose to $0.5308 in Hong Kong at 2:45 p.m. on Tuesday, according to CoinMarketCap data.

The SEC filed a civil suit against Ripple in December 2020 alleging that Ripple's sale of XRP was an unregistered securities offering. The SEC also charged Ripple executive chairman Chris Larsen and chief executive officer Brad Garlinghouse as co-defendants, accusing them of aiding and abetting Ripple's alleged violations.