XRP price risks 30% decline despite Ripple's legal win prospects
The Federal Reserve's rate hike spree will likely spoil XRP's most bullish fundamentals in years. Ripple (XRP) price was wobbling between profits and losses on Sept. 19 despite hopes that Ripple would eventually win its long-running legal battle against the U.S. Securities and Exchange Commission (SEC).Ripple and the SEC both agreed to expedite the lawsuit on Friday to get an answer on whether $XRP is a security or not. From the updates of the case, it sounds like it’s in the favor of @Ripple pic.twitter.com/SAyl4VLxdM— Jeff Sekinger (@JeffSekinger) September 19, 2022 Fed spoils SEC vs.....
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Ripple failed to stay above $0.5550 and declined over 10% against the US Dollar. XRP price could accelerate lower if it fails to stay above the 100 SMA (H4) and $0.4850. Ripple started a fresh decline after it struggled to clear the $0.6500 resistance against the US dollar. The price is now trading well below […]
The simmering legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has reached a boiling point. The dispute centers around the classification of XRP, Ripple’s native cryptocurrency, and the appropriate penalty for its alleged unregistered securities offering. Stuart Alderoty, the Chief Legal Officer at Ripple, responded sharply, igniting the penalty debate […]
Ripple started a major decline below the $0.5000 support zone against the US Dollar. XRP price even broke the $0.4500 support and it seems like there are chances of more losses. Ripple started a steady decline below the $0.5000 and $0.4800 levels against the US dollar. The price is now trading well below $0.4750 and […]
XRP risks plunging to $0.50 in April as it breaks out of a classic bearish continuation structure. Ripple's XRP took a break from its prevailing downtrend as its price rebounded from $0.68 to $0.72 in the last three days.Ripple scores vs. SECTraders returned to buying XRP after a U.S. court denied the U.S. Securities and Exchange Commission's (SEC) request to shield internal documents related to June 2018 speech made by its former director William Hinman wherein he said Bitcoin (BTC) and Ether (ETH) are not securities.To recap, SEC filed a lawsuit against Ripple, a San Francisco payment....
In a long-awaited conclusion to their high-profile legal clash, Ripple Labs and the US Securities and Exchange Commission (SEC) have reached a settlement that will see the blockchain company pay $125 million in civil penalties. Related Reading: Bitcoin Eyes New Records: Staying Above $45,000 Might Be The Catalyst — CEO Ripple-SEC Legal Saga Ends According […]