CRYPTO LITTER
TrendsyToken.io
  • Coin Tracker
  • Bitcoin

    BTC To See Correction Below $10K, Predicts Founder Of Midas

    Can XRP Continue To Outperform Bitcoin?

    Ethereum Price Remains Vulnerable, Will ETH Fall Back To $1K?

    Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis

  • Ethereum

    Finalized no. 25 | Ethereum Foundation Blog

    EF-Supported Teams: Research & Development Update

    Grantee Roundup: April 2021 | Ethereum Foundation Blog

    Announcing the EF Fellowship Program, Cohort #2

  • Blockchain
  • NFT Trends

    DeGods Removes Royalties from Resales

    Orange Comet Strikes Partnership with Sir Anthony Hopkins

    CNN’s NFT Platform Shuts Down, Users are Raging

    The SEC Casts a Beady Eye Over Yuga Labs’ Operations

  • Fashion Trends

    What to Wear Hiking This Summer

    35 Affordable Items I’m Eyeing From the Shopbop Sale

    12 Water-Based Makeup Products That Give You Dewy Skin

    The Best Postpartum Clothes I Wore on Maternity Leave

  • VR & Metaverse

    Meta Working With Ray-Ban On New Smart Glasses

    Quest Pro’s Controllers Have “Up To” 8-Hour Battery Life

    VR Developer Schell Games Donates $20K To Charities

    Meta Avatars Getting Legs Soon, And New Graphics Next Year

No Result
View All Result
  • Coin Tracker
  • Bitcoin

    BTC To See Correction Below $10K, Predicts Founder Of Midas

    Can XRP Continue To Outperform Bitcoin?

    Ethereum Price Remains Vulnerable, Will ETH Fall Back To $1K?

    Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis

  • Ethereum

    Finalized no. 25 | Ethereum Foundation Blog

    EF-Supported Teams: Research & Development Update

    Grantee Roundup: April 2021 | Ethereum Foundation Blog

    Announcing the EF Fellowship Program, Cohort #2

  • Blockchain
  • NFT Trends

    DeGods Removes Royalties from Resales

    Orange Comet Strikes Partnership with Sir Anthony Hopkins

    CNN’s NFT Platform Shuts Down, Users are Raging

    The SEC Casts a Beady Eye Over Yuga Labs’ Operations

  • Fashion Trends

    What to Wear Hiking This Summer

    35 Affordable Items I’m Eyeing From the Shopbop Sale

    12 Water-Based Makeup Products That Give You Dewy Skin

    The Best Postpartum Clothes I Wore on Maternity Leave

  • VR & Metaverse

    Meta Working With Ray-Ban On New Smart Glasses

    Quest Pro’s Controllers Have “Up To” 8-Hour Battery Life

    VR Developer Schell Games Donates $20K To Charities

    Meta Avatars Getting Legs Soon, And New Graphics Next Year

No Result
View All Result
Crypto Litter
No Result
View All Result
Home Bitcoin

XRP Price Surges – Is Ripple Winning The Fight Against SEC?

February 9, 2022
in Bitcoin
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Ripple, a Fintech company, makes substantial headway in its legal fight with the U.S. Securities and Exchange Commission. The XRP (the world’s seventh-largest cryptocurrency) issue will be resolved soon, according to CEO Brad Garlinghouse, who is optimistic about the case’s conclusion date.

XRP continued a week-long surge in the market today that began after a judge in an ongoing legal tussle between Ripple and the SEC made beneficial rulings for Ripple.

Judge Analisa Torres said late last week that she would authorize the release of certain documents related to the dispute, which has been ongoing for over a year and concerns how the XRP cryptocurrency was sold.

SEC Vs. Ripple

A lawsuit filed almost two years ago might determine the destiny of Ripple.

The SEC filed a lawsuit against Ripple and two of its executives on December 22, 2020. They allegedly traded $1.3 billion of their cryptocurrency XRP as security without informing the SEC.

They point to its funding of Ripple and assert that the company’s platform is not decentralized. Ripple has since argued that the SEC’s decision is biased.

In a civil case filed at the end of December, the SEC contended that XRP is a security since it is needed to sustain Ripple’s infrastructure, which enables merchants to conduct financial transactions. Because of the XRP sales, the platform’s administration was also well-funded.

Total XRP market cap at $40.671 billion in the daily chart | Source: TradingView.com

Related Reading | The SEC Files A Strike Against Ripple’s Defense. Could It Drown XRP?

Related articles

BTC To See Correction Below $10K, Predicts Founder Of Midas

Can XRP Continue To Outperform Bitcoin?

According to SEC requirements, securities must be registered with the SEC, and some financial information must be made public. The purpose is to combat fraud and protect investors’ interests.

When deciding whether a virtual currency is a security, the commission employs the “Howey Test,” based on the 1946 Supreme Court decision in SEC v. W.J. Howey Co. The criteria are that if an asset is sold with the prospect of benefit from the labor of others, it qualifies as a security. The SEC’s current definition of XRP in their case would satisfy the Howey test.

As of now, each side is still presently gathering evidence to support their separate claims.

What To Expect From Ripple?

As news of the case spreads, XRP gains popularity. As investors digest the news, the currency is up 18%, trading at about 80 cents. Trading volume is also increasing, with over $3.4 billion in XRP changing hands as of Tuesday, an almost 250% increase from the previous day.

Investors are pretty enthusiastic about Ripple’s price potential. However, how high can XRP go? What’s the limit for XRP’s value?

To find out what the experts think, let’s look at some XRP price predictions:

Ripple — lawsuit or no lawsuit — is expected to break past the $1 threshold this year. According to CoinPriceForecast, XRP will be worth $1.07 by the end of the year. A similar prognosis is made by Digitalcoin, which predicts a $1.09 price for XRP by the end of 2022.

Related Reading | XRP Builds Momentum With 7% Increase As Ripple Launches New ODL Partnership

Wallet Investor is a little more optimistic about XRP over 12 months. According to the website, the currency is expected to be worth $1.23 in February 2023.

Meanwhile, Gov Capital’s one-year projection is similar, with XRP expected to trade at $1.29 by February of next year.

Image from CoinPedia, chart from TradingView.com

[ad_2]

Tags: fightpriceRippleSECSurgeswinningXRP
Share76Tweet48

Related Posts

BTC To See Correction Below $10K, Predicts Founder Of Midas

Bitcoin (BTC) hasn’t been in its best state lately, falling from a high of over $69,000 to the current...

Can XRP Continue To Outperform Bitcoin?

Ripple struggled to clear the $0.550 resistance against the US Dollar. XRP price is now moving lower and might...

Ethereum Price Remains Vulnerable, Will ETH Fall Back To $1K?

Ethereum failed to clear the $1,300 resistance zone against the US Dollar. ETH is declining and there is a...

Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis

A new study shows that over 18% of all crypto received by Eastern Europe comes from addresses associated with...

Ripple CEO Anticipates Answer in SEC Lawsuit Over XRP in the First Half of 2023 – Regulation Bitcoin News

Ripple CEO Brad Garlinghouse says he thinks “we’ll have an answer in the first half of next year” in...

Load More
  • Trending
  • Comments
  • Latest

Trendsy Token Is Taking Over

Introducing A0K1VERSE- The New Metaverse From Steve Aoki –

The Sandbox Secures Strategic Partnership with Warner Music Group

Optimized Ethereum Mining Settings for Nvidia RTX 3060 Ti, RTX 3070, RTX 3080 and RTX 3090 GPUs

BTC To See Correction Below $10K, Predicts Founder Of Midas

Buy Stuff with Bitcoin | Which Online Stores Accept CryptoCurrency?

Bitcoin bulls ‘hold back’ as BTC’s monthly futures expiry approaches

Made in Umbria: IBM Food Trust helps certify food authenticity

BTC To See Correction Below $10K, Predicts Founder Of Midas

Can XRP Continue To Outperform Bitcoin?

Ethereum Price Remains Vulnerable, Will ETH Fall Back To $1K?

Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis

  • Coin Tracker
  • Bitcoin
  • Ethereum
  • Blockchain
  • NFT Trends
  • Fashion Trends
  • VR & Metaverse

© 2021 Crypto Litter - The #1 Source for Crypto Shit

No Result
View All Result
  • Coin Tracker
  • Bitcoin
  • Ethereum
  • Blockchain
  • NFT Trends
  • Fashion Trends
  • VR & Metaverse

© 2021 Crypto Litter - The #1 Source for Crypto Shit

  • RelevantRelevant(REL)$0.780.38%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%