Sale of XRP on Exchanges Not Investment Contracts, Court Rules in SEC Case Against Ripple The institutional sale of the XRP tokens did violate federal securities laws, a court ruled as it granted a motion for summary judgment in part on Thursday.

Ripple’s XRP Token Surges 28% After Court Rules XRP Sales Aren’t Investment Contracts XRP climbed as high as 64 cents at one point, its highest level since May.