Ripple (XRPUSD) extends upside move on reports of setback for the SEC

It has been a while since there was an update here on the quick news on the fortunes of Ripple (XRPUSD). Well, since then the leading alt coin has done quite well. It managed to finally reclaim levels above $0.50 last week, but it was not able to sustain a move to as high as 0.52 and duly fell back towards 0.45 again. However, over the weekend the price rebounded again and that move has been added to further today. Ripple has now lifted to its highest level since February 22. The price has risen to as high as 0.5888 so far today. It has just backed away from that sizeable intraday gain. The move comes following news reports now circulating; that the court ruling may be significantly altered by the fact that XRP may still not be classed as a security. If that does transpire to the case, then it would seriously dent the chances of success for the SEC. That news is at the root of this current rebound. XRPUSD is currently trading at 0.5725