Over the alleged sale of unlicensed securities in the form of XRP, the cryptocurrency exchange Ripple is facing a lawsuit filed by the Securities Exchange Commission (SEC). However, with a market cap of $28 billion Ripple has secured its place as the world’s 7th largest cryptocurrency. Additionally, at the time of writing, the XRP price jumps from $0.52 - $0.65 within thirty minutes after observing a massive demand from retail investors.