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 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 […]
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 failed to extend gains above $0.2580 and declined sharply against the US Dollar. XRP price is likely to decline heavily if it breaks the key $0.2300 support zone. Ripple is now trading well below the $0.2400 and $0.2380 support levels against the US dollar. The price is facing many hurdles and it is now […]
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....