Ripple seems to have had a tough time. On August 13, it became known that XRP investor from USA Bradley SOSTACK changed a class action lawsuit against a company in which he alleged that Ripple misled investors and sold XRP as an unregistered security in violation of federal law. The initial class action lawsuit was filed about a year ago, but the story has gained momentum only now. Ripple should now respond to this action by mid-September.
In short, the plaintiff requires the court to recognize the XRP as a security and, in accordance with the law, and thus compensate the group for damages. The cost of XRP in US dollars is currently around 0.26. The currency reached a short-term high of $2.70 immediately before the investment of the lead plaintiff. Bradley SOSTACK himself claims to have lost about $118,000 as a result of XRP trading from January 1-17, 2018.