The SEC has filed its opening brief in its appeal against Ripple. The agency seeks to overturn a ruling that XRP is not a security.

XRP isn't alone in its rise today. The market saw green across the board. That's because new data was released that shows inflation for the period was less than expected. This, more often than not, leads to a boost in investor confidence, especially for riskier assets like crypto.

XRP has once again hit a new milestone, breaking $3 for the first time in since 2018 even as the SEC filed an appeal in its case against Ripple.