Price XRP moves up again towards the short-term target at $5,85. For the day token added almost 18%, becoming one of the Solana leader in double-digit growth in the top 10 cryptocurrencies.
Previously, analysts predicted that XRP will reach $0,66, then $2,80, and now $5,85 has become a realistic short-term target. This optimistic sentiment is supported by recent buying XRP US Congressman Guy Reschenthaler for $15,000.
The positive news comes as the U.S. Securities and Exchange Commission (SEC) challenges the partial victory Ripple Labs in court. Regulator claims sales XRP Ripple violated Section 5 of the Securities Act of 1933.
Attorney Jeremy Hogan described the SEC's opening brief as a waste of time. He said the gist of the SEC's argument is that it doesn't need to prove that the buyers XRP knew about the statements Ripple about price increase XRP .
If the appeals court upholds the retail ruling, the SEC could face a higher evidentiary burden in future cases.
