Ripple

Top 2 Factors Why Ripple May Emerge as a Winner in the SEC Lawsuit

Author: Elena R

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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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XRP defied the general market trend on Saturday even though there were no new developments in the SEC v. Ripple case. Market optimism about the likelihood of a settlement continued to underpin the price as it set foot in the green zone. The value of XRP increased by 17% this week as the digital token consolidated above a significant trading range.

David Gokhshtein, the founder of Gokhshtein Media, has once again voiced his opinion about the prolonged SEC vs XRP legal battle. This time, David believes that XRP may emerge as a winner. However, his claim is backed by two factors. The first one is because of the clarity it will bring to the industry and second, the XRP community that fought hard and stood its ground is rewarded.

Crypto enthusiast and lawyer Bill Morgan agreed that the XRP price action is not just dependent on the outcome of the legal case.

Too many people think XRP price it is just about the lawsuit and I think you mean the court excluding secondary market sales. The SEC hasn’t given up on saying all sales are securities,” he said. 

In other news…

Brad Garlinghouse, the CEO of Ripple, had earlier stated that he is optimistic about a successful settlement in the dramatic and contested SEC v. Ripple lawsuit. Garlinghouse has stated that his company is willing to reach a settlement as long as the status of XRP is known.

Bank of America is one of the parties eagerly anticipating a positive decision, according to Linqto. Following the decision, the banking giant apparently aims to hop on Ripple’s on-demand liquidity (ODL) to acquire a competitive edge.

As Lunar Crush reported that XRP’s engagement increased by as much as 24 million, XRP’s social mentions and engagements skyrocketed. This indicated that the token had reached the pinnacle of cryptocurrency community interaction.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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