Back
XRP (Ripple) Jumped 34% - What's Happening?
The XRP token rose by a slight 34% over the past day, exceeding the $0.90 mark for the first time since the end of December
Feb 9, 2022
1 min read
Anna BakkerNews analyzer

Lawyers reported significant progress in Ripple's legal dispute with the SEC.

According to experts, XRP could rise sharply after the end of the lawsuit.

XRP soared amid reports from lawyers about a serious approach to resolving the company's litigation with the US Securities and Exchange Commission (SEC).

The regulator claims in a New York court that the issuance of XRP tokens violated securities laws, resulting in the illegal enrichment of Ripple's management, writes Cryptor.

“It will be nearly impossible to prove any real correlation between the XRP price and Ripple’s public statements. The SEC also needs to prove that Garlinghouse and Larsen were selling XRP in the US,” said crypto attorney John Deaton, who represents over 64,000 XRP holders.

Judge Analysis Torres, who leads the case, issued two judgments last week that bring the case to its final stage.

XRP could rise sharply after the end of the lawsuit, but before that, there could be a serious drop in the token, according to popular Twitter analyst Credible Crypto, writes ripplenews.

“I am considering using XRP as a hedge against the rest of the market,” Credible Crypto stated. “If this SEC lawsuit is settled, and most likely in favor of Ripple, then XRP will essentially be the only crypto asset with clear regulation. in USA. And then XRP will skyrocket. So, in order not to be late, place your bets right now.

Last article
Read other articles
Peter Janssen Market expert
How to make your robot trade more efficiently using MT4 optimization
Aug 11, 2021
4 min read
Anna Bakker News analyzer
Bitcoin Up 1.6% Over Last Week To Close At $42,100
Feb 14, 2022
1 min read
Peter Janssen Market expert
Weekly analysis of EURUSD, GBPUSD, XAUUSD, USDCAD, USDJPY, AUDUSD, NZDUSD
Jul 20, 2021
4 min read
Forex Expert Advisors for your Profits
Forex trading robots based on AI. Innovative trading technologies for a stable growth of your profits