XRP, the cryptocurrency at the center of the continuing legal battle between payment company Ripple and the US Securities and Exchange Commission, faces a crucial turning point with the unsealing of the highly-anticipated Hinman documents on Tuesday. This development carries significant implications for the future of the cryptocurrency market. During an address in 2018, former head of the SEC’s finance division William Hinman essentially declared that Ether (ETH) was not a security since it had become “sufficiently decentralized.” The documents in question pertain to this speech. Related Reading: Solana Price Plunges Below March Low – Could It Drop Further? On Tuesday morning, as soon as media outlets had obtained copies of the Hinman speech materials, the price of XRP, Ripple’s native cryptocurrency, soared to $0.56, a 2023 high. XRP Soaked In Crimson Amid Hinman Papers Disclosure Now, red was the dominant color for XRP at the time this article was written. CoinMarketCap data shows that XRP has traded at $0.51, down 2.31% in the previous 24 hours. Among the hubbub around the release of the Hinman documents, the token also suffered a h ..
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