From there it fell to a periodic low of $0.334 on 19 December 2022, before recovering slightly to a high of $0.372 on 27 December 2022 dropping to close the year at$0.3399. Charles Hoskinson, the founder of the Cardano blockchain and cryptocurrency, has shared his views on the case on Twitter. click below link to register. Federal judge Sarah Netburn has initially ordered the SEC to produce emails relating to Hinman's speech on it, but the SEC challenged that order. On September 19, 2022, it was published that both parties had filed separate motions, both calling out for a summary judgment. After sharing a revised schedule update for the summary judgement in Ripple v. SEC, Filan announced this yesterday. 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. Since then, more industry players have requested permission to send in amicus briefs in support of Ripple. That will, ultimately, be the biggest bit of Ripple court case news to come. 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 . At the time of writing, all eyes are on Judge Torres as the world of cryptocurrency awaits the outcome of the Ripple court case. The lawsuit results will have a profound impact on the entire crypto space, as it will set the tone for all the regulations to come into the U.S. and the rest of the world. Bullish scenario: Ripple wins the case against the SEC, and the token gets relisted on American exchanges. For example, the past year or so has witnessed the upholding of Ripple's right to present a fair notice defense. Ripple expects to have completed the lawsuit this year, nearly 15 months after it began . Mayukha Vadari, a software engineer at Ripple, recently tweeted about the new cross-chain bridge protocol and shared the link on the same. Ripple Lawsuit: 3 Dates to Mark on Your Calendar! However, the coin has shown that it can still prosper despite all the bad press. Ripple has also secured positive rulings in the past year, including the court upholding its right to present a fair notice defense. The value of XRP dropped dramatically. On December 21, 2020, the Securities and Exchange Commission (SEC) filed a high-profile enforcement action against a major cryptocurrency company. This might then establish a legal standard that leads to the classification of other cryptos like it as securities. 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.. Roberto Campos Neto, president of the bank, also stated that this read more. While CoinPriceForecast expects the value to hit $2 by the end of 2021 and $3 by the end of 2022. As noted above, Ripple's Brad Garlinghouse has once again reiterated that he expects his firm's case with the SEC end this year, with the CEO also saying that the case's outcome is "going to be pivotal for the whole industry.". The judge presiding over the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple has made an unexpected schedule change. 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. The blinded speculators keep thinking XRP is being used by institutions, it isn't, Ripples software stack is deployed for sure but XRP has no lien over Ripple Inc. shares. Lorem ipsum dolor sit amet, consectetur adipiscing elit. One Day. Theres even room for more lines. On Fox Business on 22 September, Garlinghouse suggested it was unlikely the case would go to trial, and expected a ruling from the judge instead. That it missed out on a new ATH in 2021 is significant, because it suggests that it could reach a new record once the Ripple-SEC is concluded. Image Credits: Shutterstock, Pixabay, Wiki Commons. Meanwhile, the court is yet to produce a Summary Judgment in the case. These symbols will be available throughout the site during your session. The crypto is currently trading at $0.374949, although significantly down from its 2018 all-time high of $3.84. The dates . CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Should the same waiting period apply in the XRP lawsuit, and taking into account that briefing will only end on December 20, 2022, then the XRP case could be over by March-April 2023. Despite the long ongoing legal process, no significant breakthrough has been seen until this week. The SEC sued Ripple Labs, Garlinghouse, and co-founder Chris Larsen in December 2020, alleging that the XRP sale was an unregistered securities offering. This price prediction was fueled by recent developments in the XRP ecosystem and a broader surge in the cryptocurrency market. By 13 December 2022, the cryptocurrency was trading at $0.391, up 3.84% in the previous 24 hours. ConsenSys debuts #zkEVM on public testnet ConsenSys launches open-source zkEVM for secure and speedy #Ethereum https://t.co/H04Jas6FZf. 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. COIN. So well see how it plays out from here. It seems highly u. Written by After Ripple's response to SEC's motion to compel Ripple to produce recordings of internal meetings, the deadline to conduct expert discovery has been set to 12 November 2021. Meanwhile, a wave of organisations have come out in support of Ripple and submitted amicus curiae briefs to the court. Elsewhere, he views the outcome as . Nasdaq But I feel very good about where we are relative to the law and the facts.". Data from the US also shows the possibility of a 50 basis point rate increase. This New Metaverse Project Aims to Create a Virtual World Where Anyone Can Build Anything Is it Possible? All rights reserved. And while many in the crypto community would welcome some level of regulation, its unclear how much would ultimately benefit token holders. 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. Breaking: Tether Investigation Reveals Use of Fraudulent Documents and Obscured Identities to Open Bank Accounts. A settlement, however, remains a distinct possibility as the ghost of Hinman threatens the SEC. Former U.S. prosecutor James K. Filan continues to forecast the day Judge Torres will issue a final decision in the ripple litigation. The XRP community hopes the ongoing lawsuit will end soon since it has dragged the asset's performance down significantly in the past two years. XRP/USD Price Chart - Source: Tradingview. 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. The United States Securities and Exchange Commission (SEC) sued Ripple on 22 December 2020, alleging that the San Francisco fintech firm raised over $1.3 billion via fraudulent means. XRP Price Prediction 2023 -up to $0.62; XRP Price Prediction 2026 -up to $1.89; XRP Price Prediction 2029 -up to $5.66; XRP Price Prediction 2032 -up to $17.09; As SEC loses ground in its suit against Ripple, the odds are for a turnover of Ripple's fortune.Some industry observers point out that Ripple's minor victories in NFTs and ODL could result in a . Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year. In January, he told CNBC's "Squawk Box Europe" at the World Economic . XRP. The commission arguedthat the letters failed to explain the relevance with the ongoing court case. Once the bridge is implemented, the blockchain will join numerous networks that leverage this technology, including Ethereum, Avalanche, Solana, Binance Smart Chain, and others. . More than a year has passed since the SEC and Ripple . Type a symbol or company name. If Ripple loses the case, does anything change? quotes delayed at least 15 minutes, all others at least 20 minutes. As CryptoGlobe reported, last year Hogan noted that Ripple settling its lawsuit with the SEC could lead to an XRP supply shock, which presumably would lead to a price surge as demand would remain the same, while supply plunged.The cryptocurrency community notably sees XRP's price explode upward this month, based on price predictions.. Individual corruption has nothing to do with Howie [sic].. Ripple and the U.S. Securities and Exchange Commission accused one another of stretching the law, as they argued for a ruling on whether the XRP, the world's seventh-largest cryptocurrency, is a . On a new episode of Real Vision Crypto, Deaton was asked whether he sees the . XRP ( XRP-USD) surged overnight before giving up some of its gains today on news that a potential settlement could be on the horizon. Ripple and the executives have denied the allegations, and the company has argued that XRP has traded and been used as a digital currency. 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. The XRP holders including Deaton's daughter, Jordan, said . 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. Ethereum Price Prediction - Will ETH Break Free To Successfully Target $2k? XRP Price Prediction Can XRP Reach $10 In 2023? . There are two main reasons why some people think a settlement to the XRP lawsuit could come this month: . His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. One Judge put it this way: the SEC can only ask the question and the court ultimately answers. 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. There is a lot of money riding on it and there are several significant vested interests so whos to say. Ripple (XRP) is meant to help institutions switch from central databases to more open systems and save money. 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. But there is a . Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: 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. Could Bitcoin Hit $200 Trillion Market Cap By 2032? At writing, XRP is trading at around $0.48, up 47% in the last seven days. Stuart Alderoty, Ripple's Chief Legal Officer, has said that Gary Gensler needs to recuse himself from future decision-making exercises touching on the 1125 N. Charles St, Baltimore, MD 21201. XRP was once the coin with the greatest potential and innovative use cases for financial institutions and banks. A total of 16 different organisations have requested to submit briefs and the judge gave a deadline of 18 November to file these documents. Prior to this, the parties had filed their initial motions for summary judgment, published . 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 . XRP's growth is largely tied to the SEC vs. Ripple lawsuit, and Chairperson Gary Gensler remains in hot water for his recent comments with New York Magazine. It isnt a written contract, its not an oral contract, its not an implicit contract.. The payment service provider has partnered with hundreds of financial organizations and banks, facilitating fast and easy transfers across borders at the best prices. Solana Price Prediction - Solana Resists FUD From Panic Sellers, Bitcoin Price Forecast - BTC May Only Need 4 Weeks To Hit $30K. FOLLOW ME ON TWITTER: www.twitter.com/@1KNG33FOLLOW ME ON INSTAGRAM https://www.instagram.com/1grandkng/XRP takeover is imminentXRP will explode XRP is the goat Furthermore, given how rapidly Ripple is rolling out developments and network adoption, the XRP price could skyrocket to new all-time highs by the end of 2023. December 22, 2020 - The SEC sues Ripple over alleged securities violations. XRP holders' lawyer, John Deaton has dropped his prediction over what could be the end of the Ripple Vs SEC lawsuit. 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. Use the training services of our company to understand the risks before you start operations. The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Attorney John Deaton, who is representing XRP holders in the SEC Ripple lawsuit, explained what is happening behind [] When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Ripple's XRP token on Tuesday surged 28%, to $1.73, the highest point in over three years. Accordingly, the SEC has claimed initial coin offerings from Ripple Labs effectively constituted unregistered securities offerings. Both the SEC and Ripple Labs filed motions for summary judgment (made public on 17 September 2022) to the judge in the case Analisa Torres of the US District Court for the Southern District of New York. Attorney Jeremy Hogan of the Ripple community, believes that the SEC's lawsuit against the payments giant could be . 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. XRP News Alert: Will Ripples SEC Crypto Battle End Today? Thewin by the SEC in its case against the publishing crypto project LBRY in November 2022 could have set precedent for the XRP hearing. Tailwind of legal wins propel XRP's market cap past US$70 billion as Ripple CEO and chairman ask court to drop SEC's charges against them. Ripple anticipates that the case will be resolved this year, nearly 15 months after it was first filed. Bitcoin.com does not provide investment, tax, legal, or accounting advice. -6.29%. With the end of the lawsuit looming and the overall crypto market improving, Ripple is a coin to keep on your watchlist in 2023. 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. However, there are other high-potential crypto projects in the market right now, so we've reviewed the top 15 cryptocurrencies for 2023, as analyzed by the CryptoNews Industry Talk team.The list is updated weekly with new altcoins and ICO projects. In October 2022, Garlinghouse said at the DC Fintech Week conference that the end was in sight and the lawsuit would end in the first half of 2023. On 20 February 2023, Ripple's Chief Legal Officer, Stuart Alderoty, said that he expected his company would, ultimately, be successful again the SEC's claim that its XRP cryptocurrency was a security. Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits. But, in December 2020, the crypto turned into the most scandalous one when SEC filed a lawsuit against Ripple Labs, allegedly claiming that the XRP token was a security and that the company offered it to investors without legal registration. This test determines whether or not an asset can be defined as a security. But a subsequent ruling on the relevant LBRY case, which labeled that cryptocurrency a security, sent XRPs price spiralling down. While they remain confidential for now (at the SECs insistence), I can say that it was well worth the fight to get them.. Past performance is no guarantee of future results. He also tweeted that Ripple's attorney will strongly recommend a settlement if the SEC accepts in writing that all current and future XRP transactions are not securities. 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. However, Eleanor Terrett, a reporter for the channel, revealed in a since-deleted tweet that a Ripple spokesperson had dismissed this claim. Since the lawsuit started, XRP has been delisted from Coinbase (NASDAQ: COIN) and other U.S. exchanges. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. They want to remake it all in an impermissible effort to expand their jurisdiction far beyond the authority granted to them by Congress. Thus, sometime after 2 p.m. EST today could be when we hear what the ultimate resolution is with respect to this ongoing lawsuit. Why Is Novavax (NVAX) Stock Up 12% Today? Nevertheless, Ripple has continued to focus its efforts in Asia and the Middle East while landing big contracts and collaborations with more than 100 financial institutions, banks, and other businesses worldwide. Indeed, whether XRP is successful or not will be a key determining factor with respect to the cryptos directional move. TERRA 2.0 Price Prediction 2023, 2024, 2025: Will LUNA Recover The $10 Mark? Ethereum Price Prediction as $210 Million Gets Liquidated in Market Volatility Where is ETH Heading Now. 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 aforementioned case has entered its end phase. . Ripple has disputed the SEC's findings, arguing XRP should be treated as a virtual currency rather than an investment contract like a stock. The debate on how cryptocurrencies should be classified is big in the crypto world. 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. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. The global crypto community is eagerly waiting for a final ending in the long running XRP lawsuit. Lets analyze how several factors can affect this price prediction in 2023. The SEC, however, is arguing that Ripple has sold its XRP token in exchange for money, which meets the Investment of Money aspect of the Howey test. Disclaimer: This article is for informational purposes only. The technology aims to facilitate cross-chain transfers and provide blockchain interoperability between XRPL and various networks. ", Stuart Alderoty, Ripple's general counsel, added, My hot take - after two years of litigation, the SEC is unable to identify any contract for investment (thats what the statute requires); and cannot satisfy a single prong of the Supreme Courts Howey test. 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. . The XRP (CRYPTO:XRP) lawsuit is set to end by November. Ripple Pursues CBDC Development, In Talks With 20+ Central Banks, Crypto Expo Europe to hold a workshop by Binance The worlds leading blockchain and cryptocurrency infrastructure provider, Tensions Between Aptos and Sui Go Public, Solana Network Outage Triggers Market Bears, TMS Network Gives Mammoth ROI During Presale. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. Biggest Movers: XRP, ADA Rebound From 2-Month Low on Saturday, Bitcoin, Ethereum Technical Analysis: BTC Consolidates Recent Losses to Start the Weekend, Latam Countries Prepare Regional Agreement to Counter Rampant Inflation, Digital Assets Under Management 5.25% Higher in February Grayscale Still Most Dominant Player, Warren Buffett-Backed Neobank Nubank Launches Own Currency Nucoin, Indias Central Bank Digital Currency Will Act as Alternative to Cryptocurrency, Says RBI Official, Coinbase Acquires One River Digital to Expand Institutional Access to Crypto Assets, FTX Debtors Report $8.9B Shortfall in Customer Funds and Highly Commingled Assets in Latest Presentation, Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday, Bitcoins Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges. The climb slowed slightly as investors awaited further news, but was reignited after the Hinman documents ruling. Also it's been said that through this lawsuit, Craig will . The XRP community is hoping that Judge Torres rules in favour of Ripple if Filan keeps to his prediction. 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. 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. What's happened to the xrp lawsuit? XRP climbed again upon the arrival of the new amicus briefs and the new dates proposed by the SEC. The SEC is not looking to apply the law they are looking to remake the law in the hopes that it can impermissibly expand their jurisdiction.. Wright believes the case outcome will end Ripple and XRP. Ilan Tenennbaum for Therefore, the lawsuit against Ripple is crucial for all parties involved in the cryptocurrency industry, including investors, developers of blockchain technology, and global lawmakers. 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. The SEC has filed a lawsuit against blockchain-powered fintech firm Ripple over the $1.3 billion unregistered sale of XRP. 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. For example, the end of January saw Ripple publish its Q4 2022 XRP Markets . The SEC declined a request from Capital.com for a comment. XRP is one of the first cryptos to have been asserted to be a security by the SEC. Ripples chief executive has shared his views on possible outcomes of the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of xrp, which the regulator claims to be an unregistered securities offering. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. Ripple's CEO Expects a Decision on SEC Suit Over XRP This Year. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. However, if either party files motions or appeals, or the judge decides that she needs oral arguments, then final judgment on the case could be further delayed. Ripple is a cryptocurrency network that aims to bring fast, low-cost payments to financial institutions. "Judges take however long the judges will take, he said, speaking at the World Economic Forum in Davos, Switzerland. This dynamic will change. 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. SEC Suit Could End In April 2022. 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. Reports revealed that XRP spent a lot of money on this lawsuit. 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. 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. For the first time in almost five months, XRP broke through the $0.40 level. Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. The very fact that there is an independent XRP army criticizing me is proof of this reality. Table of Contents [ Show ] Ripple (XRP) Price The breathtaking case between the United States Securities Exchange Commission (SEC) and payments firm Ripple over the XRP cryptocurrency is finally nearing its end, according to attorney Jeremy Hogan. Ripple (XRP) lawsuit coming to an end. The law is in dispute., Putting aside the fundraising that accompanied the creation of ether, based on my understanding of the present state of ether, the Ethereum network and its decentralised structure, current offers and sales of ether are not securities transactions., The ability of agency officials to debate and collaborate with openness and candor would be hampered by the public dissemination of these documents. It's been a bearish week for XRP. Ripple (XRP) is a cryptocurrency solution meant to help banks use the blockchain more effectively. The SEC says Ripple violated securities laws when it failed to register with the . The lawsuit rocked Ripple. However, in December 2020, the SEC sued Ripple Labs, claiming it had raised $1.3bn by selling XRP through unregistered security transactions. This highly-debated legal case could be precedent-setting for the sector, and investors are watching closely. . (Bloomberg) -- Brad Garlinghouse said the US Securities and Exchange Commission's suit . With whom is the contract? Elena is an expert in technical analysis and risk management in cryptocurrency market. Hoskinson clarified that it was absurd to apply securities regulations to assets that have millions of international independent investors and users. Just Released! However, the XRP lawsuit may end the debate over the crypto market regulation. Still, this schedule would apply under a summary judgment scenario. XRP tracked the broader crypto through the week, with market . On Jan. 4, 2018, it hit $3.84, which is still its all-time high. Possible lawsuit ruling. But according to the crypto project it was an uneventful conference and LBRY raised more concerns on Twitter. And assuming that this is a favorable one for Ripple (i.e. Top Reasons Why the Crypto Market May Plunge This Weekend! Sign up below to get this incredible offer! Virtual Finance District What Is Unique About This Project And Why It Is Worth Investing Into. It tweeted: Judge said SEC should provide clarity on legal secondary sales, SEC smirked/laughed at him.. SEC Staff Clash With Genslers Crypto Stance, Could Rippe Lawsuit See a Breakthrough? Some notable names include Axis Bank, Federal Bank, Canara Bank, Metrobank, and more. Likewise, XRP's relative strength index (purple) has sunk to just below 40 - once it reaches 30 or lower, it will have entered oversold territory, implying the profitability of buying it at a discount. Despite the downbeat news coming from Silvergate, XRP holders have reason to be optimistic over the longer term. The Ripple chief had earlier specified that the lawsuit with the SEC would reach a resolution in the first half of 2023. A federal judge presides over the lawsuit's multiple motions from the SEC and XRP. 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. Ripple executives had filed motions to dismiss the SEC's lawsuit against them. There has been some confusion about the process. Ripple consented and revised dates were adopted, according to Filan. -1.17%. Published on January 02, 2023 00:25 GMT-08:00edited on January 02, 2023 05:39 GMT-08:00. He added that investors cannot trade XRP in the U.S. on most platforms. This relates to the long-running legal battle between Ripple and the SEC, with Ripple CEO Brad Garlinghouse saying on Thursday that he expects it to end this year, potentially bringing very bullish news for XRP. The SEC . XRP is one of the few mega cryptocurrencies which failed to achieve a new all-time high during the 2020-2021 bull market. The company has denied the SEC's allegations and wants it wrapped up as quickly as possible. If you rely on the information on this page then you do so entirely on your own risk. 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. Its 30-day-moving average (red) has fallen below its 200-day (blue), bringing it closer to a bottom that would usually indicate a rally. And if an observer were to consider previous developments in the Ripple-SEC case, they might conclude that Ripple really does have a serious chance of securing a judgment in its favor. Its all-time high stands at $3.40, and was set back in January 2018, meaning that it missed out on setting a new record high during the 2020-21 bull market.

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