fake pump for now, the real price change will happen next week because of the halt of trading activity for xrp will come near.
It is possible that the whales and the developers who are holding a large chunk of the coins will be manipulating the market so that they could dump the coins in the market, if not there is no way that the price keeps on rallying again when there is a legal notice against them. The users should be careful as the market will dump pretty fast if they cannot resolve the issue with the SEC.
It has been known for a very long time that ripple whales are holding a significant amount of the supply and that they can crash the market any moment they want, the only reason they have not done so is because people have lost faith in ripple and even during this incredible bull market that we are experimenting ripple has not wrong at all so they didn't had the chance to drop their coins on unsuspecting users.
And now that the SEC is investigating them then I really think that ripple is in big trouble, I do not really see this coin recovering because one of the most important aspects of any coin regardless of the technology behind it is the trust that people have in it and ripple has betrayed that trust.