Ripple Labs have been battling with the Securities and Exchange Commission (SEC) for several months already. However, XRP has seen a dramatic increase in price. Following an impressive 250% surge in price from $0.58 up to $1.96, the token has taken a big hit this week as the market sell-off sees everything drop in price.
However XRP currently still holds the $1 support levels as Ripple Labs continues to fight their case against the SEC.
