At press time, the XRP token is trading at $0.479, reflecting a 0.26% increase in the past day. TrueUSD Market Cap Surge 120% In 4 Months After Binances Backing, Pro-XRP Lawyer Opens Up On Buying, Supporting XRP Amid Ongoing Court Battle, Ripple Vs. Zakinov Hearing: Heres How It Went Down, Ripple Launches Open Call For Web3 Financial Projects On XRP Ledger, Ripple CTO Warns Against Holding XRP In Automated Market Makers, Ripple Vs. Zakinov: Crucial Class Action Hearing Takes Place Today, Heres How Coinbase Suing The SEC Helps Ripple In Its Case. Eli has been writing crypto oriented content for almost 6 years now and he is a hard core believer in Blockchain and is confident that it can reform the traditional financial system. That might only be six to nine months, but that's an eternity in the crypto world. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best crypto to buy now","children":[]}], XRP Price Could Hit $3 in 2023 After Its Lawsuit Is Over but This Low Cap Gem Could See Even Bigger Gains Heres Why, Missed Wojak, ArbDoge and Pepe Coin Price Pumps? Deaton, representing XRP holders as amicus curiae in the Ripple v SEC case, also noted that there would not be any insider knowledge of the cases final outcome. Despite his misgivings about the XRP community, the expert foresaw a bullish price movement for the asset during his analysis. https://t.co/EjcK25BRMc. With $1.3 billion and crypto-regulating legal precedents up in the air, a lot is riding on this. So is it finally time to give up on this former crypto darling? For that reason, I can't recommend XRP as a potential investment. It asserts that XRP tokens were sold to the public in the same way as other cryptocurrencies are sold to investors: via an initial coin offering (ICO). Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people around the world achieve their financial goals through our investing services and financial advice. October 1, 2022 | Why XRP, Solana, and Cardano Were Up Big This Week, Here's My Top Cryptocurrency to Buy in January, U.S. Money Supply Is Doing Something It Hasn't Done in 90 Years, and It May Signal a Big Move for Stocks, Why I Refuse to Chase the Maximum Social Security Benefit, A Bull Market Is Coming: 3 Stocks to Buy Without Hesitation, 1 Trillion-Dollar Growth Stock Down 28% You'll Regret Not Buying on the Dip, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Is ArbInu Dead? Guide to Registered Retirement Savings Plans, How to Create a Budget Youll Actually Keep, Our Top Picks for Cash Back Credit Cards in Canada, Our Top Picks for Balance Transfer Cards in Canada, Our Top Picks for Secured Credit Cards in Canada, CPP Not Enough to Retire? FXStreet Use the market downturn to tap the recovery. Long, who has been with Ripple since 2013 when the company only had ten employees, expressed her excitement about her appointment, stating: Over half of my professional career has been in crypto, and more importantly, at Ripple. 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. Regulation through enforcement as opposed to what we are seeing in other countries where they are doing the work they are codifying, they are creating a framework that allows an industry to grow while protecting consumers., Further, he noted that the regulatory uncertainty in the U.S. will and is negatively impacting the largest economy in the world. Andrew Button is a freelance financial writer with extensive experience writing about stocks, real estate and managed products. Powered by AI, it allows crypto users to easily predict the movement of crypto prices using powerful algorithms. The higher the ROA, the more profit a bank makes from its assets. January 31, 2023 | A ruling in the SEC's lawsuit against Ripple Labs, the company behind the XRP cryptocurrency, could come in mid-2023. Ripple Vs SEC Lawsuit Update: Company Reveals New End Date Amidst Legal Battle, Ripple Alleges that the SEC Suffered a Setback in the XRP Lawsuit, Ripples Legal Turmoil Escalates: XRP Holders Pose Threat in Court. It also does not guarantee that this information is of a timely nature. Garlinghouse also questioned how the SEC is going about regulating the U.S. crypto industry, calling it unhealthy. In his words, The macro headline for me is this is not a healthy way to regulate an industry. XRP Riding The Bullish Waves With The Market. This a very binary view or outlook, thus, as it makes total sense to look for where the Ethereum price is currently trading at. However, an attorney linked to the XRP lawsuit has laid out suggestions over what could be the next legal move that the SEC can exercise. Edoardo Farinas statement sparked several reactions. The energy sector in Canada is vast, comprising a large portion of the TSX. By some estimates, XRP could rise to $5 or higher on a positive ruling in the case. In the event that Ripple wins its case against the SEC, market experts believe that the XRP token could surge to $3 in the coming months. The only people who will know before the Judge publicly issues her ruling is her staff and any clerks who helped her with research or helped the decision. Ekta Mourya Per a Monday (Jan. 3) report from FXStreet, Hogan said there's not much of a chance of the case getting extended beyond April 2022, when it's likely to end, and these developments have caused. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Signup today to redeem your bonus. The judge overturned the SEC's objection on 29 September 2022, after the commission claimed it was protected by deliberative process privilege. If he did, then we could see the XRP lawsuit settled as early as next month. Before a trial can even begin, all discovery and other pre-trial business must be concluded. And now that is widely understood. }, Monica Long (@MonicaLongSF) January 27, 2023. Im incredibly honored and ready to hit the ground running as president. With Longs appointment as President amid the ongoing SEC lawsuit, Ripple is poised for a critical period in its history. Ekta Mourya 2023 The Motley Fool Canada, ULC. Jeremy Hogan, a renowned lawyer within the XRP community, has given an estimate on when the long-standing SEC v. Meanwhile, the XRP holder community is demanding that crypto exchanges which delisted XRP over the Ripple Vs SEC lawsuit should relist the token. For more information on the SEC and Ripple Lawsuit: Ripple vs. SEC Saga Approaches an End as Crypto Firm Files Final Submission DailyCoin, Bitcoins Fear and Greed Index Flashes Greed for the First Time in 10 Months DailyCoin. In his response, Deaton noted the huge misunderstanding among community members. When it started two and a half years ago, I am not sure everyone fully digested that. XRP price gears up for likely massive upswing, what to expect, Where the Ethereum price will close on Sunday night will be vital to avoid a 25% price correction in ETH, Dogecoin price rejection means trouble for next week where DOGE could tank 30%, Ripple price to crash 40% as bulls do not respect handles, Unbearable selling pressure could see Binance Coin tank between 10% and 20% next week, Bitcoin: Feds interest decision will be key to BTC directional bias. While the pressure mounts, the CEO of Alpha Lions Academy and head of Social Adoption at XRP Healthcare, Edoardo Farina, weighed in. Following. , predicted that XRP could experience a rally soon. The main thing going for XRP is its community, as well as for most beleaguered crypto networks. While the deadline for submitting Amicus Briefs is set be November 11, 2022. advertisement. He praised Long for her role as an instrumental advisor to him and for helping guide Ripple to a place of growth and financial strength, even despite the current challenging crypto environment. Total XRP sales by Ripple in Q1 2023, net of purchases, were $361.06M v. $226.31M the previous quarter. A low RSI presents an opportunity for investors to buy XRP and rise with the market. By using this website you agree to our terms and conditions and privacy policy. Garlinghouse explained that in the event that Ripple loses the case brought by the SEC, the payment giant would continue operations smoothly outside of the U.S. where it serves a larger customer base. For updates and exclusive offers enter your email. FXStreet With climate change at the front of many peoples minds (from governments to investors), energy companies, old and new, are constantly adapting to a new world. In the Zakinov vs. Ripple case, the judge just agreed to extend the trial by about a month with trial starting on April 15 2024. ), Dividend stocks are stocks that send you a sum of money (usually quarterly, but sometimes annually) simply for owning shares in the company. I see comments about insiders and whether @Ripple and the SEC will learn before hand. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. While the Ripple vs. SEC lawsuit impending conclusion remains controversial, BitBoy. CryptoLaw founder attorney John Deaton recently predicted that the summary judgment on Ripple vs. SEC might come on or before May 6, 2023. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. Published Wed, Jan 18 2023 10:14 AM EST Updated Wed, Jan 18 2023 8:14 PM EST. 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Which companies have dividend stocks? Read market moving news with a personalized feed of stocks you care about. Given the direction the world is going, ask yourself: who will be around in 20, 30, or even 40 years? Featured image from Pixabay and chart from Tradingview. Errors and omissions excepted. November 18 is the date by which Ripple Labs lawyers are expecting the trial to end. Aditya Raghunath, Ethereum and Solana are two of the most popular cryptocurrencies in the world that are well poised to deliver substantial, September 30, 2022 | The news of the lawsuit will have ripple effects throughout the entire crypto sphere (pun intended). XRP has obtained support from several top figures in the crypto ecosystem. How do you choose a good bank stock? There is a lot to unpack here. Bitcoin Price & Ethereum Forecast: BTC and ETH See Modest 0.5% Shift - Is a Breakout on the Horizon? Replies to any opposition must be filed by December 20, 2022. However, XRP holders' lawyer has dropped his prediction over what could be the end of the Ripple Vs SEC lawsuit. In the recent class action lawsuit, over 75,000 XRP holders have sided with Ripple in its argument against the SEC, while others have filed the class action against Ripple. The case brought by the the Securities & Exchange Commission (SEC) argues that XRP is in fact a security and should be registered as such, but that the Ripple failed to do so since 2013. 17 amicus briefs at the district court level. }. PrimeXBT predicts a near-term rise of up to $4. That would be 6 years until trial would start at all. Notably, the March 31 prediction made by pro-XRP lawyer James K. Filan, who has closely followed the lawsuit, did not come true as many anticipated. Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet and the author do not provide personalized recommendations. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. By this date each sides lawyers will have had the opportunity to make their cases, cross examine witnesses, and reveal evidence supporting their case. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. The lawsuit is likely to drag for weeks or months on end, prior to its resolution, according to Huber, an XRP community member. If it loses, then cryptocurrency will be much more regulated going forward than it is today. Follow For nearly five years, crypto investors have been waiting patiently for XRP (XRP 0.00%) to return to its early glory days. and "how fast will the SEC move?". If he did, then we could see the XRP lawsuit settled as early as next month. However, many analysts and experts believe that XRP has . window.yaContextCb.push(() => { Invest better with The Motley Fool. The yPredict.ai ecosystem leverages the power of Artificial Intelligence (AI) and Machine Learning (ML) to create a one-of-a-kind platform. What are bank stocks? Following. Based on previous cases, Judge Torres has issued her ruling on summary judgment within a couple months of her Daubert/Experts decision. We are at, I think, severe risk of having that not happen in this next evolution of technology around blockchain and crypto. The sector is vast and ever-changing with plenty of exciting opportunities for growth. Started in December 2020, there is growing confidence that the Ripple blockchain will be able to prove that it is not a security. We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. Investors could decide to give up on XRP entirely and look to invest in other blockchain networks capable of processing cross-border payments. The SEC sued Ripple Labs, Garlinghouse, and co-founder Chris Larsen in December 2020, alleging that the XRP sale was an unregistered securities offering. To ensure a sufficient supply for its growing ODL business, Ripple has sourced XRP from the open market since 2020, striving to minimize undue market impact with its purchases. The 6-month list does not apply to Judge Torres summary judgment ruling because the motion has been pending for a little over 3 months.. The original lawsuit was filed in May 2018. Given this recent upsurge, the XRP asset has a fully diluted market cap above $48 billion. Garlinghouse further expressed his gratitude to have the opportunity to work even more closely with Long as she takes up her new position. 99.9% of all Court rulings dont have the importance and significance this decision may prove to have. In a March 28 TradingView idea, veteran trader and a staunch altcoins critic, Peter Brandt, predicted that XRP could experience a rally soon. Monica Long (@MonicaLongSF) January 27, 2023 The SEC initially sued Ripple Labs in December 2020 over allegations that XRP, the network's native token, was issued as an unregistered security,. Ripple bulls have grown tired of waiting. Return on assets (ROA): the ROA tells you the overall profit a bank makes in relation to its assets. There is much at stake in this lawsuit. Tomorrow (Wed., April 26) at 1:30pm PT (4:30pm ET) a hearing will take place in federal court in CA on the class action case filed against @Ripple (In Re Ripple Labs/Zakinov v. Ripple) from 2020. The XRP (CRYPTO:XRP) lawsuit is set to end by November. Return on equity (ROE): this metric tells you how much profit a bank makes from its shareholders equity. They predict that the recent drop in XRP price helped the altcoin collect liquidity, citing its correlation with Bitcoin. The SEC has a history of regulating cryptocurrency projects like Ripple, Kik Interactive, and Telegram through the force of "regulation by enforcement." In Deatons words, [XRP is] hardy, resilient, and not easy to get rid of. If the court rules in Ripple's favor, XRP's value could skyrocket.. In the best-case scenario, the judge will side with XRP, Ripple Labs will be free to build out the future of cross-border payments, the Ripple payment network will grow exponentially in size, and the price of XRP will rise. He is confident the asset will outperform other altcoins come the next bull market if Ripple emerges victorious against the SEC. It is imperative to note that the most recent bull run for XRP has been driven by most South Korean exchanges. '', There is no deadline of today for her to rule. The higher this metric, the more efficient a bank is using its stakeholders money. To make the world smarter, happier, and richer. Follow The lower the efficiency ratio, the more revenue a bank theoretically has. Off. Again, the broader crypto and XRP community are sensitive toward this topic, and various responses are imminent. Once the lawsuit is over, XRP will begin to be relisted on trading platforms like Binance, Coinbase, and Kraken; and then newly listed on places like Robinhood. The SEC is kind of playing offense and attacking the whole industry. Despite his misgivings about the XRP community, the expert foresaw a bullish price movement for the asset during his analysis. Financial markets are usually dubbed unpredictable due to a significant volume of trades being carried out through very sophisticated algorithms constantly changing the price structure dynamics. In Deatons opinion, the delay comes as the stakes are high. There is no specific date here, but it is the month when one legal commentator speculated that the suit may be settled. Dogecoin (DOGE) price is in dire need of some help, although it is questionable which company Elon Musk could buy to place the Dogecoin logo on it. In his opinion, the SEC bringing the case against Ripple was not just about Ripple or XRP but the whole industry. googletag.cmd.push(function () { This indicates more pressure building on the 55-day Simple Moving Average (SMA), which could soon snap under selling pressure. Now, not so much, thanks to the rise of Layer 1 blockchains like Ethereum (ETH 0.00%), which did not exist before July 2015. Given the nature of the risk involved, long-term investors should avoid XRP. The author will not be held responsible for information that is found at the end of links posted on this page. The altcoin continued its downtrend, posting 6% losses overnight. XRP has obtained support from several top figures in the crypto ecosystem. Hive Blockchain (TSXV:HIVE) stock is down with the crypto market but ready for a BTC rebound. Adam Othman, The largest and most liquid cryptocurrencies may not always be the first to recover, and you may have to go, September 29, 2022 | Notable Takeaways. Given this recent upsurge, the XRP asset has a fully diluted market cap above $48 billion. All rights reserved. XRP Average Daily Volume (ADV) on centralized exchanges jumped 46% in Q1 to $1B from $698M. Let me use lingo #BTC Maxis will enjoy: XRP is a- even a nuclear war wont kill it. For that reason, youll rarely see growth companies, small caps, or start-ups issue dividends. Investing in tech companies exposes you to a different sector in the market, helping you capitalize on gains, as well as minimize overall losses when market downturns affect other sectors.

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