The price of XRP has increased by 16% and is approaching its yearly highs of $1.0. This comes as the crypto community discusses the potential victory for Ripple against the SEC, with the SEC facing a losing streak in the ongoing lawsuit. Ripple Labs' Chief Legal Officer, Stuart Alderoty, stated that the SEC cannot request a large fine without proving that investors suffered financial harm. This is challenging to prove given the strong performance of XRP. The optimism surrounding Ripple's winning momentum and technical momentum are contributing to XRP's price increase. If Ripple ends up paying $20 million or less, it would be considered a 99.9% legal victory. However, not everyone in the crypto community agrees on the significance of this potential victory.
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