XRP vs. SEC lawsuit outcome could change crypto. Speaking last week, CEO Brad Garlinghouse told CNBC that he expects the case to conclude by the end of this year at the very latest, if not by the end of the first half of 2023. If you're waiting for XRP to hit $5, you'll have to wait until 2025, according to the site . Still, this schedule would apply under a summary judgment scenario. On a new episode of Real Vision Crypto, Deaton was asked whether he sees the timeline for summary judgment in the case to happen by March 31st. It also passed the $0.45 resistance and is now making its way to the next resistance area at around $0.50. On Saturday, XRP fell by 1.70%. Indeed, whether XRP is successful or not will be a key determining factor with respect to the cryptos directional move. Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits. Crypto analysts expect that at the end of summer 2023, the XRP price will be around $0.459954. In fact, one of Ripples biggest arguments is that Ethereum (ETH-USD), for example, the second-largest cryptocurrency, is no different from XRP regarding unregistered securities, so the question of why the SEC gives them a pass arises. The facts arent in dispute here. So well see how it plays out from here. Why Is Novavax (NVAX) Stock Up 12% Today? Coinpedia - Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World. Its current level means that it has declined by over 5% in a week and by nearly 10% in the last 30 days, although it remains 8% up since the beginning of the year. Polygon Price Prediction 2023, 2024, 2025: Will MATIC Price Rise In 2023. Roberto Campos Neto, president of the bank, also stated that this read more. In his opinion, any component of the litigation can be settled at any time. Alderoty tweeted: Over 18 months and six court orders later, we finally have the Hinman docs (internal SEC emails and drafts of his infamous 2018 speech). It also rose after the Hinman ruling later that month. However, Hoskinson later clarified he was relaying rumours and not anything more concrete, meaning that this piece of XRP lawsuit news ended up being mere speculation. Great job turning an ally into someone disgusted and totally checked out.. And while many in the crypto community would welcome some level of regulation, its unclear how much would ultimately benefit token holders. The very fact that there is an independent XRP army criticizing me is proof of this reality. The altcoin's current price represents a 10% gain in a week and a 20% rise in the last 30 days, pushed upwards by the market expectation that the . These symbols will be available throughout the site during your session. Although embroiled in a legal lawsuit, the crypto has been on a positive rise recently. The key support level here is $0.36, which XRP held fast to earlier this morning. Ethereum Price Prediction Will ETH Break Free To Successfully Target $2k? With that said, its clear a resolution to this case would likely be beneficial for token holders in the near term. According to the SEC, Ripple's sales of the XRP cryptocurrency constituted an unregistered securities offering. In my opinion, there are three possible scenarios : It will be interesting to see what happens with the lawsuit, moving forward. Additionally, on or about the end of March next year, Judge Torres will rule on both the petitions for summary judgement and the experts at the same time. This highly-debated legal case could be precedent-setting for the sector, and investors are watching closely. ConsenSys debuts #zkEVM on public testnet ConsenSys launches open-source zkEVM for secure and speedy #Ethereum https://t.co/H04Jas6FZf. The dates . If there's one silver lining coming from the market's troubles today, it's that XRP's indicators are now in a position where the coin should rebound soon. Assuming a positive result for Ripple, one in which it's enabled to continue its business, there's little doubt that XRP will rally strongly. In turn, this would have an impact on the whole cryptocurrency industry in the United States. All rights reserved. The latest to submit a brief was the Coinbase cryptocurrency exchange, which toldthe judge that Ripple did not have enough notice to comply with asset security laws. With the uncertainty of the overhang of this ongoing litigation removed, investors could properly price in the tokens value absent this lawsuit. If you rely on the information on this page then you do so entirely on your own risk. These G20 headlines and the rising Fed concerns are causing XRP to remain under pressure. Disclaimer: This article is for informational purposes only. TERRA 2.0 Price Prediction 2023, 2024, 2025: Will LUNA Recover The $10 Mark? This was a win for the Ripple team, as the documents mainly referenced a speech given by Hinman at the Yahoo Finance All Markets Summit in 2018, in which he said that ether was not a security. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. There was some confusion on 14 November 2022 when Fox Business reported that a settlement had been reached in the Ripple/SEC lawsuit. Alderoty's comments come not that long after bosses at the tech firm expressed their confidence that the case, which is currently before Judge Analisa Torres of the United States Southern District Court of New York, would be decided relatively soon. If the SEC wins in the legal dispute, XRP (the native cryptocurrency of the Ripple Blockchain) will no longer be regarded as a currency in the US but rather as a security. 1125 N. Charles St, Baltimore, MD 21201. Kristin Smith, the executive director of Blockchain Association, said in a statement: In response to these filings, the SEC filed a motion to extend the time to reply to these briefs with the new deadline proposed for 30 November 2022. But without a settlement, the case will likely continue into early 2022 . The legal teams restated their positions on whether XRP should be classified as a security. On the other hand, if a bullish breakout of the $0.3847 resistance level occurs could expose it toward the $0.3975 level. Nonetheless, the United States SEC Chair Gary Gensler has indicated that every cryptocurrency, except for Bitcoin, is an unregistered security. Type a symbol or company name. The lawsuit didn't exactly come out of nowhere. Its relative strength index (purple) has risen very close to 70 in the past few days, an indicator that the optimism surrounding the Ripple case has injected some extra buying pressure into its market. The XRP price has risen by nearly 5% in the past 24 hours, reaching $0.425152 after a week in which Ripple CEO Brad Garlinghouse predicted that the firm's lawsuit with the SEC will end in 2023. On Feb 3, 2023, popular American businessman Craig Wright filed a lawsuit against 16 Bitcoin developers who are set to go under trial in London. It said: On 11 October, Judge Torres approved TapJets and I-Remits request to submit these briefs, giving them three days to file their documents, which were made public on 14 October and 12 October respectively. For example, the end of January saw Ripple publish its Q4 2022 XRP Markets Report. They have urged District Judge Analisa Torrest not to send the case to trial in papers. These regulations will determine whether a cryptocurrency is a security or not and which jurisdiction it will come under - the SEC or a different authority. These mainly relate to a speech in which a previous SEC director said that ether (ETH) was not a security. Tweeting on January 20, noted attorney and a regular commentator on the Ripple-SEC case, James K. Filan declared that "Everything is Briefed" with regards to the case and that "Now We Wait," suggesting that the main thing left to do is for the presiding judge, Judge Analisa Torres, to reach a summary judgment. COIN. Attorney and XRP supporter John Deaton is now outlining when he thinks the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple will arrive at its long-awaited conclusion. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This New Metaverse Project Aims to Create a Virtual World Where Anyone Can Build Anything Is it Possible? Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Its value has plunged by over 4.5% over the past week, and the crypto has been struggling under the $0.3850 level while gaining support near $0.3750. Indeed, with all existing briefs having now been filed, it seems that XRP holders (as well as Ripple and the SEC) are mostly waiting for the judge to reach a decision. Ripple's opinion is that XRP isn't a security, but because of the lawsuit, XRP once the third-biggest crypto in the world had been delisted by several exchanges, including Coinbase. In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, the company behind the XRP token (XRP-USD), alleging that Ripple and its current and former chief executives had been conducting a $1.3 billion, unregistered securities offering by selling XRP, which Ripple's founders created in 2012. "Judges take however long the judges will take, he said, speaking at the World Economic Forum in Davos, Switzerland. in order to end the lawsuit . According to the graph, a bearish breakdown of the $0.3750 support zone would pull it down until the next support area of $0.3702 or $0.3620. Ripple Labs is a registered American company, meaning that the SEC is able to pursue legal action against them, unlike bitcoin (BTC-USD), where the creator is unknown, or other big cryptocurrencies that are registered outside the U.S. Adding that he expected the final ruling in the Ripple lawsuit to be handed out "in the single digit months," Garlinghouse said: "We have always said that we would love to settle, but it requires one very important thing, and that is that, on a go-forward basis, its clear that XRP is not a security. Judge Netburn informed the SEC on March 22, 2021, that the Ripple (XRP) token has currency value and utility, distinguishing it from BTC and ETH. He told Capital.com: We will continue to fight this case so that the industry can get the regulatory clarity it desperately needs so that crypto innovation can flourish in the United States.. Lets dive into what this could mean for investors. He posted a 15-minute video on Twitter about the XRP community and separately tweeted: Ive never seen a group so radically pick up a few words and run with it. Specifically, Ripple argued, it did not meet the first rule, which requires an investment contract. Ripples XRP token has secured its name in the list of top cryptocurrencies. Ripple has disputed the SEC's findings, arguing XRP should be treated as a virtual currency rather than an investment contract like a stock. losed Joint Stock Company FinTech Solutions, Ripple slams SEC over amicus brief opposition. However, the XRP lawsuit may end the debate over the crypto market regulation. The XRP price has risen by nearly 5% in the past 24 hours, reaching $0.425152 after a week in which Ripple CEO Brad Garlinghouse predicted that the firm's lawsuit with the SEC will end in 2023. A quick 3min read about today's crypto news! This price prediction was fueled by recent developments in the XRP ecosystem and a broader surge in the cryptocurrency market. Hester M. Peirce (SEC Commissioner) published the Token Safe Harbor Proposal 2.0 on April 13, 2021, to provide a three-year . Like many of its crypto brethren, much of this has to do with the macro environment. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. -6.29%. XRP is one of the first cryptos to have been asserted to be a security by the SEC. Jeremy Hogan, an attorney and partner at the law firm Hogan & Hogan, tweeted: I would expect this case to make its way into the SECs final brief in the Ripple case., LBRY fought the good fight but lost at summary judgment.The Judge hung his hat largely on the fact that there was essentially no use for the tokens at the time of the sales.I would expect this case to make its way into the SEC's final brief in the Ripple case. January saw some growth, with XRP closing the month at$0.4064, before it slumped slightly to trade at around $0.3975 on 7 February 2023. Shiba Inu Vs. Dogecoin, Which Meme Coin Will Hit The $1 Bullish Target First? One Day. After an almost 42% rally, XRP hit the highs of $0.50 before pulling back. The Ripple executive quickly emphasized that in that situation, XRP would only be considered a security in the United States. Professionals like former US congressional candidate Gokhstein believe that if Ripple scores a win, it will contribute to the massive rise of the entire cryptocurrency market. With increased adoption, the crypto would increase in value, and the price could reach $10. Copy and paste multiple symbols separated by spaces. By contrast, the SEC managed to submit only one, suggesting the possibility that it struggles to find third parties to submit evidence on its behalf. (Bloomberg) -- Brad Garlinghouse said the US Securities and Exchange Commission's suit . Cryptoasset investing is highly volatile and unregulated in some EU countries. A federal judge presides over the lawsuit's multiple motions from the SEC and XRP. Virtual Finance District What Is Unique About This Project And Why It Is Worth Investing Into. There was speculation in December 2022 on Twitter that the case, which hangs on whether Ripples XRP token is an unlicensed security,could have been settled that month after an ask-me-anything with Cardanos Charles Hoskinson. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Brad did state that he wouldnt settle unless theres clarity. More so, the SEC is also arguing that Ripple executives knew that XRP sales and trading did not meet the principles of the Howey Test. The SEC . On September 19, 2022, it was published that both parties had filed separate motions, both calling out for a summary judgment. Given the current market scenario, experts opine that XRP is set for a price rise. While Ripple has not denied the sale of XRP, the cryptocurrency company has argued that it does not meet the Howey Test criteria. Ripple is also arguing that the SEC has no jurisdiction over XRP tokens as many of them have been bought and sold through exchanges outside of the U.S. There's also a common argument that the SEC's case isn't especially strong, with some claiming that the regulator has failed to establish how Ripple developed a 'common enterprise' that would boost the value of XRP (as outlined in the Howey test). XRP rocketed upward at the end of 2017 during the crypto boom. one that finds XRP is not a security), then XRP could rally massively, surpassing its current all-time high of $3.40 and hitting new heights. https://t.co/oMUjZwBkZo. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Capital Com is an execution-only service provider. In response, Ripples defence team said: This is yet another transparent attempt to further delay resolution of this case and the court should reject it., #XRPCommunity #SECGov v. #Ripple #XRP Ripple defendants object to SEC suggestion that the SEC will seek additional time or pages if other amici curiae submit briefs. Ripple and the executives have denied the allegations, and the company has argued that XRP has traded and been used as a digital currency. Article printed from InvestorPlace Media, https://investorplace.com/2023/02/xrp-news-alert-will-ripples-sec-crypto-battle-end-today/. Emphasizing that he is betting that Ripple will win the case against the securities regulator, the executive affirmed: Im betting that because I think the facts are on our side. The technology aims to facilitate cross-chain transfers and provide blockchain interoperability between XRPL and various networks. Several legal experts have offered potential dates for when the decision will be made. It tweeted: Judge said SEC should provide clarity on legal secondary sales, SEC smirked/laughed at him.. However, the SEC asked the judge to deny these requests. Elsewhere, he views the outcome as . If the SEC is to demonstrate that Ripple did sell unregistered securities, it needs to provide a clear exposition of what exactly this common enterprise is, yet for some it hasn't quite done this. Thats because XRP and its parent company Ripple have been embroiled in a lawsuit from the Securities and Exchange Commission (SEC), dating back to late 2020. XRP ( XRP-USD) surged overnight before giving up some of its gains today on news that a potential settlement could be on the horizon. It announced on 28 October that it was standing in support with Ripple. Ripple executives had filed motions to dismiss the SEC's lawsuit against them. A settlement, however, remains a distinct possibility as the ghost of Hinman threatens the SEC. Ethereum Price Prediction - Will ETH Break Free To Successfully Target $2k? Another motion was granted on 21 September 2022 that gave deadlines for motions to seal requests that prevent evidence in a case being made public. Ripple (XRP) came out in 2012 and did pretty well until the case with the SEC. The XRP holders including Deaton's daughter, Jordan, said . He clarified: The SEC only has jurisdiction in the United States, and in some ways How the world is operating right now is as if the case has been lost. In recent weeks, larger investors have been accumulating XRP, likely in the expectation that it's due a big rally in the coming months, pending the resolution of the case. Until then, the Ripple lawsuit outcome is up in the air. Ongoing for more than two years, the legal battle between XRP's issuer, the blockchain company Ripple, and the United States Securities and Exchange Commission . A summary judgment is a legal term that means that a party involved in the matter believes they have enough evidence at hand to try and reach a conclusion without the need to proceed to a trial. He tweeted: "The SEC has lost 4 of its last 5 cases in the Supreme Court, thanks to the few that had the courage and resources to fight back against the SECs bullying and clinging to stretch legal positions that were not faithful to the law.". XRP's chart points to some positive momentum. This display of cooperation made some people believe that a resolution was near but District Judge Analisa Torres has yet to set a date for another hearing. XRP climbed again upon the arrival of the new amicus briefs and the new dates proposed by the SEC. Buyers came in strong, and broke through the previously-mentioned resistance levels (areas on a chart where the sellers are stronger) from this weeks "Cryptocurrencies to Watch" article. US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? 2023 InvestorPlace Media, LLC. The ledger will run likely for decades trading value (5/16), But he disagreed with Ripples approach to the case. Ripple Labs is a strong company with a great product and a very experienced team. For instance, November saw Ripple succeed in having 14 amicus briefs including one from Coinbase filed on its behalf to the presiding court, with each presenting testimony and evidence in its favor. XDC Network (XDC) Price Prediction 2023, 2024, 2025: Is XinFin Good Investment For Future? Ripple's CEO Expects a Decision on SEC Suit Over XRP This Year. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. He added that the business would leverage Ripples On-Demand Liquidity technology to streamline its cross-border payments. The outcome of the lawsuit will play a huge role in defining XRP's future price movement. He tweeted: To be clear, the SEC hasnt labeled XRP a security, nor does it have the power to do so., To be clear, the SEC hasnt labeled XRP a security, nor does it have the power to do so. Even though the XRP market is currently volatile, it is still a valuable asset that may be worth more in the future. Meanwhile, the court is yet to produce a Summary Judgment in the case. However, the coin has shown that it can still prosper despite all the bad press. The Ripple chief had earlier specified that the lawsuit with the SEC would reach a resolution in the first half of 2023. In its motion, the SEC argued: The private charter jet company TapJets and the payment provider I-Remit were the first to submitamicus briefs in support of Ripple. On the back of twin legal victories last week as part of pre-trial discovery, Ripple CEO Brad Garlinghouse and chairman Chris Larsen are asking a judge to dismiss the U.S. Securities and Exchange . Dogecoin Price Prediction: DOGE Remains Unchanged Despite Musks Tweets, Crypto Prices Are Dropping, But Technical Indicators Signal Bull Run Coming, Top 5 Meme Coins Expected To Make A Surprise Rally This Week, Best Cryptos To Buy Ahead Of The Next Bull Run, Ethereum Price Prediction - Could ETH Pass The $1700 Resistance Key Level. XRP Price Prediction Can XRP Reach $10 In 2023? In terms of actual price predictions, opinion ranges from more realistic forecasts of $1.30 (after the Ripple-SEC case ends) to longer-term targets of $10 or even higher. This prompted a time extension request on 20 December 2022 from the SEC so it could file expert challenges (also known as Daubert motions) by 13 January 2023, which was approved a day later by the judge. The global crypto community is eagerly waiting for a final ending in the long running XRP lawsuit. Hoskinson clarified that it was absurd to apply securities regulations to assets that have millions of international independent investors and users. This affects all of us.. Just Released! He added that investors cannot trade XRP in the U.S. on most platforms. Individual corruption has nothing to do with Howie [sic].. More than a year has passed since the SEC and Ripple case began, and many are now wondering if there will ever be a resolution. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Neutral scenario: Ripple loses the case in the U.S. but can continue its work worldwide - In this case, XRP should move in correlation with the broader crypto market. This was highlighted last week, when it charged NEXO and settled with it on the same day for selling an unregistered security (via a lending product), whereas, by contrast, it has struggled for over two years to secure a ruling against Ripple. Indeed, this legal nonsense is likely to drag until the end of the year unless the judge pulls the proverbial rabbit out of the hat. Bullish Momentum On XRP The case between Ripple Labs and the SEC continues to make headlines four months after the regulator initiated the lawsuit at the end of 2020. The court has previously asserted, correctly, that a digital asset is not a security solely by virtue of being represented in digital form or recorded on a blockchain ledger., Trials and juries are really to determine if theres uncertainty about facts. . 1125 N. Charles St, Baltimore, MD 21201. Could Bitcoin Hit $200 Trillion Market Cap By 2032? Federal regulations and fear of inflation have been looming around the crypto market since 2022. At writing, XRP is down over 85% from its all-time high set in January 2018 and down 52% in the last year. However, no one knows what Judge Analisa Torres decision will be. According to the complaint, in addition to structuring and promoting the XRP sales used to finance the company's business, Larsen and Garlinghouse also effected personal unregistered sales of XRP totaling . Published on January 02, 2023 00:25 GMT-08:00edited on January 02, 2023 05:39 GMT-08:00. XRP Lawsuit Might Not End In Settlement; Here's Why. Past profits do not guarantee future profits. However, the SEC subsequently applied on 22 December 2022 to prevent the Hinman documents from being made public in the XRP lawsuit, including any references in court papers submitted by Ripple Labs. Solana Price Prediction - Solana Resists FUD From Panic Sellers, Bitcoin Price Forecast - BTC May Only Need 4 Weeks To Hit $30K. A total of 16 different organisations have requested to submit briefs and the judge gave a deadline of 18 November to file these documents. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. At the same time, other developments suggest that the SEC has a relatively weak case against Ripple. call +44 20 3097 8888 support@capital.com, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The XRP price has dropped by 3% in the past 24 hours, falling to $0.367287 as the market reels from concerns over the financial health of Silvergate Bank. Additionally, according to attorney Hogan, Judge Torres might issue a decision that would take some time for people to determine if Ripple won or lost. Were optimistic that this will certainly be resolved in 2023, and maybe [in] the first half. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, Michael Burry Is Betting Big on These 2 AI Stocks, 5 Investors Betting Big on Exela (XELA) Stock in 2023. If Craig Wright wins, Bitcoin developers will be forced to modify Bitcoin code. In reaction to the first glimpse of the Ripple court cases end, XRP rallied in September 2022. XRP Price Prediction as Ripple CEO Prepares for SEC Lawsuit Conclusion 'This Year' - Can XRP Reach $10? 84% of retail investor accounts lose money when trading CFDs with this provider. SEC Suit Could End In April 2022. Elena is an expert in technical analysis and risk management in cryptocurrency market. The glass-half-full view is that if Ripple gets past the lawsuit . he court upholding its right to present a fair notice defense, Judge Torres granting it access to important documents and emails, Binance, PoS Giant Ingenico Seal In-store Crypto Pay Deal, Terra Luna Classic Price Prediction as LUNC Turns Green Here's Where LUNC is Headed Now. On March 8, 2021, the SEC requested an urgent hearing before the judge. During the interview, Garlinghouse was asked what would happen if he does not get a ruling in his favor and XRP is deemed a security. The Graph Price Prediction - Could GRT Stay Above $0.12 Resistance? It also requested that any additional amicus briefs be handed in by 11 November 2022. The Ripple CEO also said that he would consider a settlement, as long as XRP is not classified as a security. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Since then, more industry players have requested permission to send in amicus briefs in support of Ripple. Top Reasons Why the Crypto Market May Plunge This Weekend! Chris MacDonalds love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. Former Rep. George Nethercutt Jr. fumed in an article that the action against Ripple is "a glaring example of regulatory overreach.". After The New York Times posted an article stating ripple has dropped down the rankings since the SEC labeled it a security, Alderoty corrected the publication. The SEC has sued XRP and parent company Ripple in 2020 . The judge presiding over the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple has made an unexpected schedule change. It saw slight gains that month after rumours, announced by Fox Business, that a settlement had been made between Ripple and the SEC in the Ripple lawsuit. Howey Co., . XRP's market value turned positive in the last 24 hours for the first time since May. Ripple CEO Brad Garlinghouse discussed the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over XRP earlier this month in an interview with Axios at the Collision 2022 event. Stacks Price Prediction - How Much Higher Can STX Go? This is all happening pretty much because investors are feeling good about Ripple's prospects in its two-year case with the US securities regulator. This lawsuit has stretched longer than anyone had anticipated. At the end of September 2022, Judge Torres ordered the SEC to hand over the documents by William Hinman, a former corporation finance division director at the SEC. Hoskinson said: Thus it seems totally unnecessary to construct elaborate personal attacks on former and current government employees and also attack Bitcoin for its energy use or Chinese influence. Type a symbol or company name. Ripples fast transaction speed is one of its key selling points, making it an ideal choice for financial institutions. Also, cryptocurrency advocate and lawyer John Deaton communicated his confidence that Ripple will emerge victorious and the Supreme Court would not uphold the SEC's overreach, which has added fuel to the increase in social sentiment around the XRP price rise. It's highly arguable that $0.36 is a massive discount for XRP, which is in a position to benefit from some highly significant news this year. It could be that a win for the crypto company in the Ripple/SEC lawsuit could lead to the price going up and a loss in the Ripple lawsuit could cause it to drop, but we do not know for sure.
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