XRP tops $3 as Ripple case nears potential SEC dismissal

A joint report due on Aug. 15 may lead to the conclusion of the nearly five-year legal dispute between the SEC and Ripple Labs.

XRP, the world’s third-largest cryptocurrency by market cap, rose past $3 for the first time in over a week amid speculation that the US Securities and Exchange Commission (SEC) may drop its long-standing case against Ripple Labs.

The XRP (XRP) token recovered above the $3 psychological mark on Thursday after rising more than 4.5% in 24 hours, Cointelegraph data showed.

Investor confidence was buoyed by regulatory clarity and growing expectations of a dismissal of the SEC’s appeal.

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