XRP (CRYPTO: XRP) stock is posting another day of explosive gains in Thursday's trading. The cryptocurrency's token price was up 11.1% over the previous 24 hours despite sell-offs thanks to some exciting news.

XRP (CRYPTO: XRP) was flying higher on Wednesday. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) gained 1.92% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 2.51%, as of the time of writing. XRP is gaining as a key legal deadline arrives.

The XRP price pumped more than 8% to above $3 for the first time since 2018 as Ripple chief legal officer Stuart Alderoty said the US Securities and Exchange C (SEC) lawsuit against the company has become “just noise.