XRP Price Exceeds $1.8 Amid Petition By Ripple Management

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XRP

XRP price exceeded $ 1.8. At the time of writing, the XRP is priced at $ 1.88 according to CoinMarketCap. XRP was positively affected by the news that Ripple CEO Brad Garlinghouse and former CEO Chris Larsen have filed twin motions to dismiss the bombshell lawsuit that was brought against them by the U.S. Securities and Exchange Commission in December.

Over the past day, the token has grown by 38.18%, over seven days – by 215%.

According to CoinMarketCap, XRP is fourth in capitalization with an estimated value of $76,021,607,280 billion.

On April 12, Ripple CEO Brad Garlinghouse and co-founder Chris Larsen filed a motion with the court to leave the SEC’s claim about their individual liability without further consideration.

According to lawyers, the SEC did not prove the fact of deliberate violation of the law by top managers. The Commission must submit its objections by May 14. Thereafter, the defendants will be able to file a counterclaim by June 4.

Earlier, the court ruled to reject the regulator’s request to disclose Garlinghouse and Larsen’s personal financial statements as part of the consideration of the lawsuit against Ripple.

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