Jump to content

XRP Lawsuit Update – Will XRP Ready for a Massive Move?


Recommended Posts

XRP is a cryptocurrency that launched in 2012. It serves its payment network, Ripple Net, and native asset. At launch, 100 B XRP tokens were pre-mined and distributed to individuals and companies.

The price of XRP is presently consolidating into a macro wedge pattern, which is frequently followed by a major price increase. In the past 7 days, the cryptocurrency has gained about 12.55%, is trading around $0.3767. Market analysts believe that XRP is gearing up for a significant breakout as the SEC case nears its conclusion.

Despite the gloomy market outlook, XRP has seen tremendous growth thanks to intense speculation and financial institutions' adoption of Ripple's ODL technology.

XRP Lawsuit Update

Despite ongoing legal challenges with the US Securities and Exchange Commission (SEC), the XRP market has managed to maintain its position among the top ten cryptocurrencies. To ensure a victory over the SEC, Ripple has extensively invested in the strongest legal team.

A well-known bitcoin analyst named John Deaton has taken to Twitter to share his predictions for the year 2023. He says - If Ripple’s SEC complaint is dismissed and XRP is classified as a security, the SEC may decide to launch an enforcement initiative to control the cryptocurrency. The XRP community anticipates a favorable ruling from Judge Torres.

Also analyst Matt Hamilton who was once the director of developer relations at Ripple, rubbishes the circulating new that possibility of the government seizing and purchasing the Ripple-issued XRP tokens that are already on the market and utilizing them for its own purposes, preventing the technology from being used anyplace else.

By the end of 2023, if the series of events occur as predicted. Then the possibility of the Ripple price prediction hitting a new milestone is high. Moreover, the price could form new maximum value and range towards its annual closing target of $1.1043 as per coinpedia.

Ripple’s CEO previously indicated the company will migrate to a crypto-friendlier nation should the SEC win.

  • Like 1
Link to comment
43 minutes ago, AdamGil said:

XRP is a cryptocurrency that launched in 2012. It serves its payment network, Ripple Net, and native asset. At launch, 100 B XRP tokens were pre-mined and distributed to individuals and companies.

The price of XRP is presently consolidating into a macro wedge pattern, which is frequently followed by a major price increase. In the past 7 days, the cryptocurrency has gained about 12.55%, is trading around $0.3767. Market analysts believe that XRP is gearing up for a significant breakout as the SEC case nears its conclusion.

Despite the gloomy market outlook, XRP has seen tremendous growth thanks to intense speculation and financial institutions' adoption of Ripple's ODL technology.

XRP Lawsuit Update

Despite ongoing legal challenges with the US Securities and Exchange Commission (SEC), the XRP market has managed to maintain its position among the top ten cryptocurrencies. To ensure a victory over the SEC, Ripple has extensively invested in the strongest legal team.

A well-known bitcoin analyst named John Deaton has taken to Twitter to share his predictions for the year 2023. He says - If Ripple’s SEC complaint is dismissed and XRP is classified as a security, the SEC may decide to launch an enforcement initiative to control the cryptocurrency. The XRP community anticipates a favorable ruling from Judge Torres.

Also analyst Matt Hamilton who was once the director of developer relations at Ripple, rubbishes the circulating new that possibility of the government seizing and purchasing the Ripple-issued XRP tokens that are already on the market and utilizing them for its own purposes, preventing the technology from being used anyplace else.

By the end of 2023, if the series of events occur as predicted. Then the possibility of the Ripple price prediction hitting a new milestone is high. Moreover, the price could form new maximum value and range towards its annual closing target of $1.1043 as per coinpedia.

Ripple’s CEO previously indicated the company will migrate to a crypto-friendlier nation should the SEC win.

Hi @AdamGil, thanks for this update.

All the best - MongiIG

  • Like 1
Link to comment

To Update this thread and recent XRP Law suit Update -

According to Deaton’s research, all of this demonstrates that the SEC is wrong in its determination that XRP satisfies the second and third prongs of Howey, and hence that the SEC has very little chance of victory in this case. We don’t know whether Ripple will be able to pull off a victory over the SEC, but only time will tell. 

Despite the surging market outlook, The token is also currently receiving remarkable interest from whales, as seen by the fact that they keep buying hundreds of millions of it. At the time of this writing, Ripple’s token XRP worth $0.3832, reflecting an increase of 2.24% over the course of the past 7 days. 

You can checkout Coinpedia for all the news update on XRP lawsuit. 

  • Thanks 1
Link to comment
  • 1 month later...

Insane XRP price prediction by ChatGPT

  • Uphold's head of research shares ChatGPT conversation on XRP, stunned the Ripple community.
  • According to the screenshot shared by Hiesboeck, chatGPT was asked about the moon date for XRP.
  • After some prompting, chatGPT revealed XRP's moon date as March 23,2023 and plans to accumulate before it moons.
  • ChatGPT replied, "XRP to $589,000, up yours XRPP."
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Avail, founded by former Polygon co-founders Anurag Arjun and Mihailo Bjelic, is a groundbreaking modular blockchain project that aims to overcome the limitations of traditional blockchain networks. Launched in late 2020, Avail offers a versatile platform for trust-minimized applications and sovereign roll-ups, providing a secure and scalable data availability layer with customizable consensus. At the heart of Avail's innovation is its Unification Layer, which comprises Avail DA, Nexus, and Fusion. This tripartite approach addresses key challenges in blockchain scalability, interoperability, and security, positioning Avail as a key player in the evolving modular blockchain landscape. Avail's Data Availability (DA) solution stands out with its low-cost, expandable blobspace, enabling numerous rollups and supporting the development of application-specific and general-purpose decentralized applications (dApps). By offering opt-in data availability services for rollup networks, Avail provides a more cost-effective alternative to Ethereum for data storage, making it an attractive choice for developers and projects. The AVAIL token serves as the backbone of Avail's ecosystem, offering users the ability to stake and earn rewards, as well as participate in the project's governance. As Avail continues to evolve, the AVAIL token will play a crucial role in shaping the future of this modular blockchain. For Crypto enthusiast exploring the potential of the AVAIL token and Avail's innovative solutions can be a rewarding opportunity. Bitget's pre-market trading feature allows users to get early access to emerging projects like Avail, giving them the chance to be at the forefront of the modular blockchain revolution. By taking advantage of the exchange pre-market trading, users can stay ahead of the curve and potentially benefit from the growth of Avail and the AVAIL token.
    • Eager to dive into cryptocurrency trading? NakitCoins presents its advanced multi-crypto ATM, streamlining the process of buying and selling bitcoins with unparalleled efficiency. Focused on both security and precision, our platform provides a low-risk transaction environment through our robust monitoring systems.
    • Hi AshishIG, thanks for the quick response. Indeed, I don't see the CTC for 2024, I only see the 'Cost and Charges' document for download.
×
×
  • Create New...
us