According to present data SHIBA INU (SHIB) and potentially its market environment has been in a bullish cycle in the last 12 months (if exis Thus, I wouldn't let the noise of the Ripple lawsuit affect your decision-making process regarding XRP. Wild Predictions Call XRP to Break Above $500 The lawsuit's outcome will trigger a selloff or heavy buying for XRP depending on the outcome. The lawsuit claims that Ripple illegally sold unregistered securities to the public by selling XRP for the past eight years. However, the bullish growth of 2020, which began at the end of the year, helped the XRP price to rise. In essence, Ripple Labs stands accused by the SEC (the Securities and Exchange Commission) of having sold almost $1.4 billion worth of XRP in (what the lawsuit claims are) "unregistered digital asset securities sales" ever since 2013. January 2021. XRP, Ripple's native utility token, has been stuck under $0.25 for a number of months now, as traders wait for bullish news to arrive. Therefore, the top management of Ripple plans to defend its . They think a win against the SEC can precede gains of up to $16. The agency first launched into a lawsuit in December against Ripple Labs' CEO Brad . As of this writing, it is changing hands at $0.29. Initially we were expecting a final verdict will be given somewhere in October but recent findings have shown a summary judgment will happen somewhere in August. The news of the lawsuit will have ripple effects throughout the entire crypto sphere (pun intended). Make sure you check out otherXRP Rip. $35,000 XRP Price Prediction When They Win The SEC Lawsuit? IF SEC wins, ripple burns 55% of all XRP which to the best of my knowledge means XRP goes up in value but maybe cripples da ripples plans for global implementation but this is purely speculative of course. Ripple price (XRP) has been under pressure recently. The SEC would be in a common enterprise with all the XRP holders. Ripple currently holds $6.4 billion XRP directly. Hi guys, I know that if XRP win in the court and declare as not security it will be fantastic. So the next question is what exactly will happen to XRP, especially related to the XRP price prediction after this lawsuit ends. Expect the crypto to be very volatile as a result. The SEC plans to sue Ripple on the grounds that XRP is a security. The price is currently at $0.2965, which is 75% below last year's high of $0.9187. This will broaden the definition of the Howey test, setting a legal precedent that could result in other similar cryptocurrencies also being classified as securities. You need to decide how to use XRP - as a means of payment or an investment asset. . But what would happen to XRP price if the US court recognized the asset as a commodity and put an end to the ongoing lawsuit? The SEC lawsuit revolves around whether or not Ripple Labs did an unlawful thing while selling its XRP token to raise funds for its blockchain platform in 2017, a move that would deem the entire event as a securities sale. A prolonged legal battle, which may hold the key to XRP's future, has been extended again. If [XRP], in fact, is a security, we would have to get a broker-dealer license. Ripple labs defends itself that XRP is a cryptocurrency and therefore falls outside of the SEC jurisdiction. The US Securities and Exchange Commission's (SEC) lawsuit against . XRP Lawsuit: A Huge Win Secured! . With this evidence permitted in trial, Ripple has increased its chances of winning. About 47 billion XRP is in circulation, and the XRP ledger is open-source with hundreds of developers. Source: Santiment. News of the action pummeled the price of the XRP token at a . Screenshot this. The value of the token reached $0.8 before the end of the year. This is not trading advice, and I am in no way liable for any losses incurred. Is the XRP will be convert to stock? Certainly, the . Anybody who's buying and selling XRP in the United States would have to get a broker-dealer license." The head of the San Francisco startup has publicly discussed the possibility of the firm moving to friendlier regulatory jurisdictions, or at the least, regions . If #XRP were to hit $5, Ripple could sell 10% of the monthly unlocked escrow and pay a settlement / fine totaling as high as $500 million - providing Gensler with a big public victory & bragging rights. This news was brought to you by OVR - the largest decentralized AR Metaverse. The motion, filed on behalf of XRP holders, was responded to by both parties a few days ago. So, for better or worse, XRP crypto is going to live and die on the resolution of this lawsuit. The first serious action took place in 2013, when the agency . The regulator reportedly failed to hand over internal documents despite judicial orders to do so. Since the lawsuit, Ripple has signed 20 new customers outside the US. Could a lawsuit win save it? It has been passed by Tether and Litecoin. Until 2017 it managed to reach above $0.01, but in March and April . The SEC's motion to strike Ripple's Fair Notice defense is the most important of the case so far. The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap . December 14th 2021 2,566 reads 0 The Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, saying that the selling of XRP constituted an unregistered securities offering worth over $1.38 billion. Just ignore the FUD and the XRP haters. dan saada January 24, 2022 On December 22, 2020, the SEC filed a lawsuit against Ripple Labs and two of its executives. Although XRP suffered a loss of nearly 60% in price after the lawsuit began, it has recovered despite being subject to scrutiny in the US market and exchanges becoming wary of accepting XRP trades.. Ripple has disputed the SEC's findings, arguing XRP should be treated as a virtual currency rather than an investment contract like a stock. It is also still cheap (in between $0.43 to $0.57). The SEC lawsuit complicates the whole issue even further. The claim is that they traded $1.3 billion in their cryptocurrency XRP as a security without registering it with the SEC. "The lawsuit has gone exceedingly well, and much better . Most people think that Ripple will eventually prevail in its SEC lawsuit. The lawsuit claims that Ripple illegally sold unregistered securities to the public by selling XRP for the past eight years. Before the SEC filed the case, the outlook for XRP was positive, even if it did not make many optimistic. Meanwhile, XRP, the token associated with Ripple shot above the psychologically important $1 level on Monday. An SEC lawsuit filed in December accuses Ripple of violating federal securities laws. Situation Doesn't Look Encouraging What arguably should affect your decision on XRP is . Ripple nevertheless intends to fight the lawsuit. Although XRP suffered a loss of nearly 60% in price after the lawsuit began, it has recovered despite being subject to scrutiny in the US market and exchanges becoming wary of accepting XRP trades. The case, when it becomes public knowledge, will be a pivotal moment for the cryptocurrency industry, and it could shape how crypto projects launch in the future. Clarifying the same, Hynes added, "Winning on this motion does not mean the defense will win on trial. Thus, I wouldn't let the noise of the Ripple lawsuit affect your decision-making process regarding XRP. The judge ruled for a second time that Ripple could use written statements by an SEC official that damage the SEC's own case. The claim is that they traded $1.3 billion in their cryptocurrency XRP as a security without registering it with the SEC. The SEC does not like losing lawsuits. The company sold more than 14.6 billion units of XRP for $1.38 billion to fund Ripple's operations, and to enrich its founders and current CEO, without registering those offers and sales of XRP with the commission, according to the suit. By Jake Simmons 18. In the motion, Ripple made many arguments, but none of them addressed the question about XRP. In a part of his Axios interview that wasn't aired by HBO on March 7, Ripple CEO Brad Garlinghouse mentioned that his company may move out of the U.S. if it loses its much-talked-about legal battle with the U.S. Securities and Exchange Commission. XRP: Going from Long to Short. Fortunately, things seem to be leaning in favor of Ripple especially after reports that the U.S regulator erased documents that were sensitive to the case. Late last year, the SEC filed a litigated action in the U.S. District Court for the Southern District of New York against Ripple Labs Inc. and two of its executive . But the lawsuit cuts its breakout short and makes a Ripple price prediction trajectory more challenging, unlike other digital currencies. This decline has pushed Ripple from the third-biggest cryptocurrency in the world to the current fifth. In the latest development in the legal battle between XRP investors and Ripple, the company has filed a new motion to dismiss the class-action lawsuit entirely. To date, Ripple vs SEC lawsuit has seen many big revelations, and the XRP defendant believes that there are more to come. The War On Ripple/XRP: 1st They Ignore Us, Then They Laugh, Then They Fight Us, & Then We Win. If Ripple Labs wins the SEC lawsuit, XRP could potentially rise. XRP/USD 1-week chart John Deaton enlightens that, If the U.S SEC wins its claim over its allegations against Ripple. See the XRP News, what XRP is, and the prediction of a legal expert of when XRP will win the SEC lawsuit. According to the "XRP Researcher", the XRP price could increase by more than 2000% after the SEC lawsuit. Case revelations helping Ripple. Analysts believe Ripple is on course to win the SEC lawsuit. The US regulator alleges that the San Francisco-based fintech raised $1.3 billion over a seven-year period, and names Ripple Chairman Chris Larsen and the company's current CEO, Bradley Garlinghouse, in the suit. It's not looking particularly good for SEC if i'm honest but time will tell once the dust settles. Better yet, the 40 billion dollar question, according to the XRP market cap. Howie Test gets an update Other countries follow suit and deem XRP a currency More international banks adopt Cryptocurrency Crypto Life This comes after Ripple co-founder Chris Larsen said that the company would keep its . TOTAL XRP DISTRIBUTED 48,697,761,612*. A lot of factors come into play. In the days following the revelation of the lawsuit, XRP, the native crypto of Ripple, had dropped significantly in value. We are rapidly approaching a key date in the Ripple Labs lawsuit . But, what if they loose and the court says "Ok, XRP is a security." Any idea what will happen? Which can put an end to the lawsuit even in the next 30 days. The price history of XRP since its launch in 2013 shows a price fluctuation. Anybody can give best . Monday will bring the next chapter of a long-running and closely watched lawsuit against Ripple. On the most bullish side of things, PrimeXBT thinks a lawsuit victory can send XRP values skyrocketing. Ripple CEO Brad Garlinghouse is mostly unfazed. Make sure you check out otherXRP Rip. This weekend has been . The SEC has been breathing down the necks of crypto firms for years, occasionally lashing out with warnings, lawsuits, and penalties. They know XRP can and will eventually surpass Bitcoin and Etherium which are version 1.0 of digital assets (outdated and energy wasting technology). XRP Reach $35,000 After They Win The Lawsuit, Ripple XRP Price Chart | SEC Lawsuit Update. But the odds are that by this time next year, XRP . According to Brad Garlinghouse, Ripple CEO, the SEC is ready to slap the firm with a lawsuit related to selling unregistered securities: the company's XRP token. World famous YouTuber Daniel Keem bought 1 million XRP worth $276,600 to profit from a Ripple-favoring outcome of the SEC lawsuit. Become an NFT Landowner Now! These two ver. If all the XRP is burnt, it could be the best buying opportunity in the space. The SEC is known for its doggedness and if this happens, Ripple will be thrown down the rabbit hole. Certainly, the good news would create an atmosphere of optimism that XRP would benefit from. If Ripple wins the lawsuit against the SEC, there is a high probability that XRP price will shatter its previous record high at $3.31 and make its way higher. But according to the CEO, more than 90 . Moreover, this would also include the firm itself, since there are several companies that use Ripple's ODL service to source capital and initiate payments using XRP. Ripple has also won a 'Discovery case' against the SEC. Most recently, MoneyGram has announced it will halt its partnership with Ripple, and the use of its XRP token, after the SEC launched its lawsuit. One of the most asked questions that I see is when is the Ripple lawsuit going to end and what exactly will happen to XRP price if Ripple wins? If Ripple wins the lawsuit, then two things will happen that are terrible for the SEC: They will look weak losing a large, high profile lawsuit. CEO Garlinghouse indicates solution By Jake Simmons 2. Situation Doesn't Look Encouraging What arguably should affect your decision on XRP is . Penny Crosman. From what we have been hearing so far during the discovery between Ripple and the SEC, it seems that the end of this Ripple lawsuit is much nearer than expected. Recently, case judge Analisa Torres delivered some orders in the favor of Ripple. So What happens if XRP wins the SEC lawsuit, because in all fairness this certainly is a possibility, what happens next? In the next section, I'll explore what could happen to XRP if Ripple Labs wins its SEC lawsuit. Attorney John Deaton's filing of a motion to intervene two weeks ago was a spanner in the works for many who expected the ongoing lawsuit between the United States SEC and Ripple Labs to be a straight and direct back-and-forth. The San Francisco firm also has 48 billion more XRP . If Ripple wins, here are the things that could happen: Institutions (Big Money) pump XRP XRP gets listed on exchanges that delisted it The trend of deeming other, lesser known Cryptos a security is broken. The crypto community is extremely curious about what will happen to Ripple Labs and the token asset XRP, after the U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against . Ripple is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology company. However, it is not so simple for XRP. If Ripple Labs wins the SEC lawsuit, XRP could potentially rise.