Ripple’s crypto token XRP rose more than 12% on Monday, with investors expecting the takeover of the ongoing case with SEC by judge Analisa Torres to speed up settlement.
Torres allowed and partially declined to rule in favor of the defendant’s request to seal exhibits in the ongoing case and also ordered the unsealing of three documents.
The surge in XRP follows renewed optimism, with John Deaton, a legal representative of XRP holders in the dispute, saying Judge Torres’ orders are positive for its clients.
XRP is also borrowing a leaf from the broader crypto market, which is showing renewed gains and seemingly escaping the dip since the start of the new year.
The recoveries in cryptocurrencies have seen the entire market rise to almost a $2 trillion market cap, with the Monday gains in XRP taking its total recoveries to more than 30% in the past week.
XRPUSD is up +12.63%.
