Official: Judge drops charges against Ripple executives
Ripple, has achieved yet another legal victory against the US Securities and Exchange Commission (SEC).
On October 23, a US District Court Judge signed an order officially dismissing the SEC’s charges against Ripple’s top executives, Brad Garlinghouse and Christian Larsen.
The ruling marks a significant milestone in Ripple’s battle with the SEC over allegations tied to the sale of XRP (XRP) tokens.
What happened?
As revealed by Ripple defense attorney James K. Filan on October 23, Judge Analisa Torres of the US District Court in New York signed an order that officially dismissed the SEC’s legal charges against Ripple executives Garlinghouse and Larsen.
With the latest upswing, the cryptocurrency crossed above the 200-day moving average (MA) at $0.52, which now acts as support. Now, XRP faces another important resistance where the 100-day MA is located, at $0.564.
Clearing this barrier would pave the way for further price increases, potentially toward the next major resistance level at around $0.65.
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