In the midst of Ripple's $1.3 billion lawsuit against the SEC, a court has ordered the SEC to disclose internal correspondence concerning the regulatory status of Ethereum.

It's a win for Ripple, which is why XRP is trading slightly higher.

Late this week, Ripple won a procedural court ruling in its ongoing legal struggle with the Securities and Exchange Commission (SEC), which filed a lawsuit against the digital currency payments company in 2020 for the unauthorized sale of $1.3 billion worth of XRP.

A federal district court decided on Thursday that the SEC's repeated attempts to restrict Ripple from seeing internal SEC communications relevant to a major speech on the regulatory status of competitor cryptocurrency Ethereum were invalid.

The emails, according to Ripple, will strengthen its case and shed light on how the SEC has "chosen two winners" in the crypto market, Bitcoin and Ethereum while ignoring the others.

The judgment resulted in a 17.65% spike in the value of XRP in the hours after it to $0.5097. Supporters of Ripple saw the verdict as a big victory for the cryptocurrency industry at large in its fight against government regulation and not only for the company in its action against the SEC.

The current XRP price is $0.4773, and the 24-hour trading volume is $2.1 billion. In the last 24 hours, XRP has dropped 1.23%.

CoinMarketCap now ranks #6 with a live market cap of $24 billion. It has a maximum quantity of 100 billion XRP coins and a circulating supply of 49.9 billion XRP coins.

On the technical front, the formation of a bullish engulfing candlestick below $0.4980 indicates