Brad Garlinghouse, the CEO of Ripple, has challenged a recent court ruling that questioned the status of XRP as a non-security.

Despite a California judge allowing "misleading statements" charges against Garlinghouse to proceed, the ruling also dismissed four class action claims against him, which the CEO hailed as a "big win."

The crux of the matter lies in whether XRP qualifies as a security or not. While a previous ruling by Judge Analisa Torres declared that XRP is not a security, Judge Phyllis Hamilton expressed reservations, noting that a reasonable investor would not necessarily expect profit solely from general cryptocurrency market trends, but rather from Ripple's efforts to facilitate XRP's use in cross-border payments and other applications.

Garlinghouse remained steadfast in his assertion that XRP is not a security, stating that the California ruling "dismissed all allegations that Ripple had somehow violated federal securities law by selling XRP." He also said he stands by his previous statements and is looking forward to addressing the "misleading statements" charge during the trial.

Despite the ongoing legal drama, XRP has maintained strong bullish momentum, showcasing the resilience of the cryptocurrency.