XRP Price After Lawsuit?

[LUCKMCFLY]

There is a new update of the Ripple news and everything that has to do with the SEC, at this point I think that XRP is on a very good path, I think that in the long term XRP will be victorious, the SEC with all its power has not been able make XRP decline ,. for now the fresh news is this:


XRP lawsuit update: Is this development truly ‘bad’ for Ripple?

“When I look at Bitcoin today, I do not see a central third party whose efforts are a key determining factor in the enterprise. The network on which Bitcoin functions is operational and appears to have been decentralized for some time, perhaps from inception.”

Source: https://ambcrypto.com/xrp-lawsuit-update-is-this-development-truly-bad-for-ripple/

If things go this way, I think that the XRP case will be closed very soon for not getting valid actions to maintain the lawsuit, it is likely that the SEC is already considering leaving the case at that.

[Fredomago]

Xrp as a highly centralized coin has dropped significantly in terms of its price and with the developer/owner having a lawsuit it will be hard for investors to have confidence in the coin’s potentiality and this will go a long way to affect the Xrp performance in the market.

With this lawsuit, of course, XRP's reputation is difficult in the market, especially since many exchanges removed XRP in December, and I still remember that the price of XRP dropped by more than 28%.

Still the same sentiments with this lawsuit, with how the market is behaving its difficult for XRP to gain more investors.

There are many new competitors and traders loves to explore with new projects that have solid potentials, while XRP still working with this issue other competitors are establishing communities to support their project.

Good marketing strategy plus the achievements in case they win this case, all in the hands of the developers for now.

[Sanitough]

With this lawsuit, of course, XRP's reputation is difficult in the market, especially since many exchanges removed XRP in December, and I still remember that the price of XRP dropped by more than 28%.

I have to ask you, since when did you get to know this XRP coin? because I've known this XRP coin for so long that they also have a community by creating strong fundamentals on the XRP coin in the market, and for proof, let's see when the pump happened in the early months of this year, did XRP look like it was in trouble at the time that ?

It's been going on, there's no decision yet about the lawsuit so most likely the price will continue to struggle.

Here's probably the latest news.
https://financefeeds.com/sec-v-ripple-hearing-on-controversial-deposition-is-bad-for-ripple-expert-says/

SEC V. RIPPLE: HEARING ON CONTROVERSIAL DEPOSITION IS “BAD FOR RIPPLE”, EXPERT SAYS
JULY 14, 2021 10:35 AM UTC, RICK STEVES
“If she was satisfied by the briefings she would have simply ordered the deposition to take place.”

Judge Sarah Netburn has scheduled a telephone conference for July 15, 2021, at 3:00 p.m (ET) in response to Ripple’s request to speed up the decision regarding the SEC’s motion to quash the deposition of William Hinman.

Last week, the Defendants had re-noticed ex-SEC Director William Hinman’s deposition for July 19, 2021, which pressured the Judge to make a decision before then, preferably to deny the SEC’s Motion in the eyes of Ripple and its co-founders.

read the above link for the complete story.

[LUCKMCFLY]

Updated.

Apparently things are becoming clearer for Ripple and there are more hopes of coming out victoriously, on the other hand if the SEC goes wrong in this case, it will lose total credibility and will not be seen as a regulatory and protective agent because their arguments are not strong enough, which is great news for all XRP fans and hodlers.

XRP Lawsuit update: Is the SEC dodging the issue with its latest response

“Defendants’ arguments based on the Statement ignore that the SEC itself—through a vote of the five Commissioners—and other SEC Commissioners and officials have repeatedly warned those who sell digital assets to the public of the need to comply with the federal securities laws.”

Source: https://ambcrypto.com/xrp-lawsuit-update-is-the-sec-dodging-the-issue-with-its-latest-response/

[LUCKMCFLY]

Updated.

More news about the case with the SEC, and as it is evident when you see the ideas the SEC is running out, they do not find the way to make their demands consistent and they are doing everything in their power to take advantage :

The defendants also stated that the SEC failed to prove or support its “aiding and abetting” charges. These claims require that the defendants “knew or were reckless in not concluding that XRP was a security as long as eight years ago.” However,

“…Yet even today two of the five commissioners of the agency acknowledge that questions and confusion persist[] in the marketplace.”

Source: https://ambcrypto.com/xrp-lawsuit-will-the-sec-taking-on-its-own-commissioners-statements-backfire/

I believe that the SEC should already take action and leave the case without complaints and accept that they have been wrong, in addition there have been no efforts for the demand to lower the price of XRP, I think the SEC should accept that it lost.

[DrearyUrbanite]

Updated.

Apparently things are becoming clearer for Ripple and there are more hopes of coming out victoriously, on the other hand if the SEC goes wrong in this case, it will lose total credibility and will not be seen as a regulatory and protective agent because their arguments are not strong enough, which is great news for all XRP fans and hodlers.

XRP Lawsuit update: Is the SEC dodging the issue with its latest response

“Defendants’ arguments based on the Statement ignore that the SEC itself—through a vote of the five Commissioners—and other SEC Commissioners and officials have repeatedly warned those who sell digital assets to the public of the need to comply with the federal securities laws.”

Source: https://ambcrypto.com/xrp-lawsuit-update-is-the-sec-dodging-the-issue-with-its-latest-response/

If I understand correctly, isn't this not only good news for XPR holders, but for crypto as a whole? Seeing the SEC experience a serious set back can only be in favor of the crypto industry (even though XRP is no real crypto), right? It is not like the SEC is the one who makes the final judgment, but in fact they have to argue with substance and if they lose now, they might be more careful in the future as well when it comes to other cases.

[LUCKMCFLY]

Things are going better for Ripple, now the Judge has to obtain the documents from Binance, this will be crucial because everything can be clarified at once and get out of the problem, so XRP gets rid of the SEC:

The lawsuit took a new turn on 2 August when Garlinghouse’s legal team sought to involve crypto-exchange Binance. The team filed a motion requesting documents “relevant to the case and unobtainable through other means” from Binance Holdings Limited.

Getting these documents will be crucial since they reportedly pertain to XRP transactions that Garlinghouse allegedly conducted on foreign digital asset trading platforms. If the claims are found to be true, Ripple and the exec would be successful in proving the SEC’s lack of jurisdiction.

Source: https://ambcrypto.com/xrp-lawsuit-judge-grants-ripple-ceos-motion-to-obtain-docs-from-binance/

On October 15 this will conclude, if all the XRP problems are released with this motion it would be incredible, since it has been seen that this problem is not relevant for the price of XRP, however it is not good to have that little spot bothering the project.

[DU18]

With this lawsuit, of course, XRP's reputation is difficult in the market, especially since many exchanges removed XRP in December, and I still remember that the price of XRP dropped by more than 28%.

The legal problems that hit Riplle at that time really caused XRP to experience a fairly strong price shock and even many exchanges began to remove XRP from their trading lists, but this incident did not necessarily make traders lose confidence in XRP, especially after the judge rejected the SEC's request to examine it account ownership from CeO ripple at that time and it had an impact on the strengthening of the Xrp price when it was on the market.

I have to ask you, since when did you get to know this XRP coin? because I've known this XRP coin for so long that they also have a community by creating strong fundamentals on the XRP coin in the market, and for proof, let's see when the pump happened in the early months of this year, did XRP look like it was in trouble at the time that ?

These strong fundamentals made XRP able to survive even though it got a lawsuit from the SEC at that time, but admit it or not, when the SEC sued Riplle and it had quite an impact on the price of XRP in the market but fortunately at that time XRP was able to survive because it did have strong fundamentals in the market and also supported by a large community so that the price drop that occurred on XRP didn't last long enough.

[LUCKMCFLY]

Now the case of the SEC with XRP as it is being clarified and most likely in favor of the currency, even politicians begin to get involved giving statements as if to try to defend the absurdity that the SEC will remain in the case:

Ripple v. SEC: U.S. Congressman Says Resolution Could Have "Significant" Ramifications for Crypto Market

While the SEC offered Ripple a settlement, the company did not accept its terms and embraced the fight.

The agency is not bending an inch on its stance even with the new presidential administration. Speaking of SEC Chair Gary Gensler, who recently made waves with comments about strengthening cryptocurrency regulations, Emmer said that his comments were "very disappointing."

To avoid a rare and embarrassing defeat, the SEC is likely to fight tooth and nail to win as the case is slowly inching toward trial.

Source: https://u.today/ripple-v-sec-us-congressman-says-resolution-could-have-significant-ramifications-for-crypto-market

From what you see, everything indicates that XRP will be victorious, all that remains is to wait for the decision issued by the judge.

[DU18]

Now the case of the SEC with XRP as it is being clarified and most likely in favor of the currency, even politicians begin to get involved giving statements as if to try to defend the absurdity that the SEC will remain in the case:

Ripple v. SEC: U.S. Congressman Says Resolution Could Have "Significant" Ramifications for Crypto Market

While the SEC offered Ripple a settlement, the company did not accept its terms and embraced the fight.

The agency is not bending an inch on its stance even with the new presidential administration. Speaking of SEC Chair Gary Gensler, who recently made waves with comments about strengthening cryptocurrency regulations, Emmer said that his comments were "very disappointing."

To avoid a rare and embarrassing defeat, the SEC is likely to fight tooth and nail to win as the case is slowly inching toward trial.

Source: https://u.today/ripple-v-sec-us-congressman-says-resolution-could-have-significant-ramifications-for-crypto-market

From what you see, everything indicates that XRP will be victorious, all that remains is to wait for the decision issued by the judge.

Surely this is quite good news for traders who have kept XRP on hold all this time, I remember the first time the SEC lawsuit against Riplle caused the price of XRP to fall quite deep and many even predicted that it would be the end of the XRP altcoin , and when it's a many exchanges began to remove XRP from their trading lists, but slowly the price of XRP began to increase again after the judge rejected the SEC request to conduct an examination of the CEO of Ripple.
Just winning one session can make the price of XRP can rise and I can't imagine if XRP can win the lawsuit later, of course it will make the price rise quite high because trust in XRP has grown again.

[Sanitough]

That's the reason why XRP is pumping now, and more so if they will be officially announced to have won the case against the SEC. For now, I think it's good to hold XRP in our wallet, just in case the announcement will be positive, for sure as long as the market is bullish, we might witness a new big pump and who knows, XRP might create a new ATH that it failed to do during this year's big bull run.

[LUCKMCFLY]

XRP filed a motion to seal the annexes attached to those of the SEC, but everything concludes that there is no single agreement, an agreement cannot yet be established even for this:

XRP lawsuit: Why this move is ‘burdensome and highly disproportionate’

“It would likely take 12-15 weeks to collect and process the additional data sought by the SEC—which does not even factor in the time it would take to review the Slack messages for responsiveness and privilege. Granting the SEC’s request would therefore require a significant alteration of the current scheduling order.”

Source: https://ambcrypto.com/xrp-lawsuit-why-this-move-is-burdensome-and-highly-disproportionate/

All this may take much longer to resolve, at least XRP is with every intention that things are resolved in the best way.

Seeing the price of XRP has reacted well, in the direction of how the market has moved, the problem, although it has not affected the price, the SEC may be losing the power that many fear.

[BaeSuzy]

I'm sure it will take a very long time for XRP to solve this problem against SEC and if we see the news recently I think xrp is more superior and the price of xrp keep increasing so it means they have a big potential to win against SEC, if they win it will give a lot of impact for the price and maybe it will increase 2 times or even more in one or two days.

[2tang]

I'm sure it will take a very long time for XRP to solve this problem against SEC and if we see the news recently I think xrp is more superior and the price of xrp keep increasing so it means they have a big potential to win against SEC, if they win it will give a lot of impact for the price and maybe it will increase 2 times or even more in one or two days.

The recent increase in XRP is due to the improvement of the market and Bitcoin, not because of the problem with the SEC which is almost over, because every problem there is always a solution for XRP to work on, so this won't last long with XRP.

[Bagong91]

I'm sure it will take a very long time for XRP to solve this problem against SEC and if we see the news recently I think xrp is more superior and the price of xrp keep increasing so it means they have a big potential to win against SEC, if they win it will give a lot of impact for the price and maybe it will increase 2 times or even more in one or two days.

Of course, the xrp price will increase if they win, and this is very much awaited by the xrp army when they win against the SEC, because there is currently no official decision on whether xrp wins or loses. so many are waiting for the outcome of this lawsuit.

[imamusma]

Of course, the xrp price will increase if they win, and this is very much awaited by the xrp army when they win against the SEC, because there is currently no official decision on whether xrp wins or loses. so many are waiting for the outcome of this lawsuit.

Since there is no official news about it yet, some people prefer to just monitor it without having to make purchases on XRP coins as long as it is not clear or fully resolved with the SEC.

[rodskee]

What do you people think of the XRP price after the lawsuit?

Feel free to comment what you think!

I think the best to ask is when will be the lawsuit end because from that we can formally asses the rocket price lol because for sure that XRP is one of the most promising coin and well used by the community specially in gambling industry .
but hopefully this year or the next , the case will be over and Ripple will win against the US government.

[Boomber]

What do you people think of the XRP price after the lawsuit?

Feel free to comment what you think!

depends on how it goes, if XRP can win against SEC lawsuit, then of course the price of XRP can definitely increase very high and create a new ATH price, because investors will definitely believe to investing in XRP again and of course XRP will be more popular (reputation of XRP will be better if XRP wins against SEC), so the possibility of XRP can take its position again (top 5 on coinmarketcap) might happen.

[lenovop-70]

XRP investors are still overshadowed by the SEC's policy, which has not yet been clarified, this is concerning because until today it is still unclear what the decision will be. I believe when there is clarity about the SEC's decision to XRP, investor confidence will increase, and it will make the market price increase, maybe two or four times from latest price. We'll see, to be honest I will also invest in XRP when there is clarity from the SEC's decision.

[KeikoKitagawa18]

It will take a long time for XRP to solve this case maybe it will take more than 6 months to end this. If XRP can win in this lawsuit it will make the price of XRP instantly increase right when the news come out and it gonna be a amazing news for all of the XRP supporters.