Ripple price rose by nearly 30% in less than a week amid positive sentiment around the court case, in which the U.S. Securities and Exchange Commission (SEC) claims that Ripple sold XRP as illegal securities.
Judge Analisa Torres has granted Ripple permission to respond to the SEC’s Memorandum of Law in support of the Motion to Strike fair notice defense, according to court documents.
Additionally, Judge Torres also ordered the unsealing of three documents concerning the SEC vs. Ripple case, including Ripple’s CEO Brad Garlinghouse’s email thread and deposition notice and founder Chris Larsen’s email string.
Markets received Judge Torres’s orders positively. Soon after they made it to the wire, XRP’s price rallied by almost 30%, rising from its Feb. 3’s lowest level of $0.058 to as high as $0.782 on Feb. 7.