In 2020, XRP's parent company, Ripple, was sued by the Securities and Exchange Commission (SEC). The regulator claimed that the company sold XRP as an unregistered security, a pretty big no-no. In August 2024, a court ruled mostly in Ripple's favor, approving a $125 million fine when the SEC was originally seeking $2 billion.

XRP reached an all-time high on Wednesday, which may open the gateway for the crypto to potentially reach as high as $4.40, a technical analyst said.

XRP momentarily smashed through the $3 barrier today, a dramatic comeback not seen since early 2018. Though it quickly corrected back to $2.97. The crypto, often at the center of legal and regulatory drama,