Ripple Vs. SEC Is Near Its End, Is Now The Best Time To Buy XRP?

The long legal battle of Ripple Vs. the SEC is approaching its conclusion, with both parties submitting their final legal briefs.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

Today’s deadline is significant as the court will rule on sealing motions. If the court decides to keep Ripple’s information private, it could positively impact XRP’s price and boost investor sentiment. Conversely, investors might become concerned if the SEC prevails and more details are disclosed. 

Following today’s hearings, the judge will determine which information remains confidential. Subsequently, within 14 days, the parties will release redacted versions of the documents to the public. 

While waiting for the potential settlement between Ripple and the SEC, a crypto analyst expresses his thoughts as to how this will impact XRP’s price in the future.

Bitboy Crypto believes that the XRP price will be highly impacted, particularly amid a bullish market sentiment. This development has generated enthusiasm among XRP investors, closely monitoring the ongoing legal battle. 

His reference to a potential “parabolic run” in XRP’s price at the onset of a bullish market underscores the optimism surrounding XRP’s prospects. Furthermore, another analyst, Dark Defender, anticipates XRP could surge to $18 according to the Elliot Wave theory. However, he cautions about short-term volatility, proposing a temporary decline to $0.39 before a bullish recovery. 

Meanwhile, Carlo R.W de Meijer, an independent economist, offered a comprehensive analysis of Ripple’s forthcoming stablecoin launch. 

The stablecoin debuts on both the XRP ledger and the Ethereum blockchain, adhering to the ERC-20 token standard. Connecting the stablecoin with prominent crypto exchanges could enhance its accessibility and liquidity, making trading easier and fostering broader adoption among individual users. Nevertheless, no determinations have been reached regarding the initial exchanges where it will be available for trading. 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Avatar
Sophia Cruz
Financial Writer - Asian & European Desks
Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.
Related Articles