XRP Prices Temporarily Spiked to $50 on Gemini

The tokens were relisted on Gemini after July’s court order in favor of Ripple Labs, with judges ruling that the “offer and sale of XRP on digital asset exchanges did not amount to offers and sales of investment contracts.” It was previously alleged Ripple Labs sold XRP, a security, to U.S. customers without adequate registration with the U.S. Securities and Exchange Commission (SEC).