Speculators are taking advantage of Ripple's "significant victory" over SEC when the federal judge ruled last week that the agency should release documents that seems vital fpr the case. It's about the statement of their former director that ETH is not a security. I'm assuming Ripple would use that as part of their defense since it also started out as an ICO.

The case is not over yet but it seems this major roadblock will be cleared by next year in Ripple's favor. Who knows what's going to happen if they really win. It' s most likely that people buying now and holding until the case settlement will cash out with good profits.