Digital Wallet

Read

Shiba Inu

<ul>
 <li>The crypto community eagerly awaits the end of the SEC vs Ripple battle this month.</li>
 <li>XRP has been confirmed to be not a security, yet the final showdown is yet to take place.</li>
 <li>Attorney Fred Rispoli expects the battle to conclude on July 13 or July 31.</li>
</ul>
<p>The crypto community eagerly awaits a verdict in the ongoing legal battle between the <a href="https://cryptonewsland.com/ripple-labs-challenges-secs-2-billion-fine-demand/" rel="noopener noreferrer nofollow">SEC and </a><a href="https://cryptonewsland.com/ripple-labs-challenges-secs-2-billion-fine-demand/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a><a href="https://cryptonewsland.com/ripple-labs-challenges-secs-2-billion-fine-demand/" rel="noopener noreferrer nofollow"> Labs</a>. The status of XRP has already been confirmed as not a security leading to a win for XRP. Yet the battle still continues.&nbsp;</p>
<p>The SEC initially sought a hefty $2 billion penalty and an injunction prohibiting XRP sales to institutional investors. In contrast, Ripple proposed a much smaller $10 million penalty.&nbsp;</p>
<p>Pro-crypto lawyer Fred Rispoli predicts the end of the battle on July 13 or July 31.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">July 31, although I could see her doing July 13 to be poetic.</p>— Fred Rispoli (@freddyriz) <a href="https://twitter.com/freddyriz/status/1808254095234347275?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>XRP holders expect Ripple to make a massive surge in price value that could push XRP to incredible price highs. In fact, one analyst expects XRP to make a <a href="https://cryptonewsland.com/xrps-potential-3853-surge-to-17/" rel="noopener noreferrer nofollow">3853% </a><a href="https://cryptonewsland.com/xrps-potential-3853-surge-to-17/" target="_blank" rel="noopener noreferrer nofollow">price</a><a href="https://cryptonewsland.com/xrps-potential-3853-surge-to-17/" rel="noopener noreferrer nofollow"> surge</a> towards the $17 price high.</p>
<h2 class="wp-block-heading" id="h-ripple-s-rejection-and-market-impact">Ripple’s Rejection and Market Impact</h2>
<p>Ripple rejected the SEC’s offer to lower the proposed penalty to $102.6 million recently. This move could have significant repercussions for both Ripple and XRP.&nbsp;</p>
<p>The company has already spent over $200 million on legal fees which highlights the high stakes involved. Meanwhile, XRP’s price remains suppressed compared to other major cryptocurrencies like Bitcoin and Ethereum.</p>
<p>Investors are closely watching <a href="https://ballotpedia.org/Analisa_Torres" rel="noopener noreferrer nofollow">Judge Analisa </a><a href="https://ballotpedia.org/Analisa_Torres" target="_blank" rel="noopener noreferrer nofollow">Torres’s</a> ruling. If she rules A favorable ruling could set a precedent and limit unfair actions against crypto firms. Conversely, an unfavorable ruling may further dampen XRP’s prospects.&nbsp;</p>
<h2 class="wp-block-heading" id="h-xrp-price-outlook">XRP Price Outlook</h2>
<p>Despite the uncertainty, <a href="https://cryptonewsland.com/xrp-price-outlook-analyst-forecasts-bullish-rebound-after-bottoming-out/" target="_blank" rel="noopener noreferrer nofollow">XRP’s</a><a href="https://cryptonewsland.com/xrp-price-outlook-analyst-forecasts-bullish-rebound-after-bottoming-out/" rel="noopener noreferrer nofollow"> price</a> shows signs of bottoming out around $0.45. The token might capitalize on bullish indicators and potentially surge above $0.5 should sentiment improve. However, the ultimate price trajectory hinges on the court’s decision.</p>
<p>Some optimistic scenarios suggest that a favorable ruling could propel XRP back toward its all-time high of $3.40 and even beyond, possibly reaching $10 or more. Conversely, a negative outcome may keep XRP’s price subdued.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/hinman-emails-reveal-xrp-doesnt-satisfy-howeys-security-test/" rel="noopener noreferrer nofollow">Hinman Emails Reveal XRP Doesn’t Satisfy Howey’s Security Test</a></li>
 <li><a href="https://cryptonewsland.com/ebays-digital-wallet-reveal-reopens-crypto-case/" rel="noopener noreferrer nofollow">eBay’s Digital Wallet Reveal Reopens Crypto Case</a></li>
 <li><a href="https://cryptonewsland.com/cryptoquant-ceo-whales-began-accumulating-bitcoin-on-binance/" rel="noopener noreferrer nofollow">CryptoQuant CEO: Whales Began Accumulating Bitcoin on Binance</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inu-shows-streak-for-a-positive-july-will-2024-follow-the-trend/" rel="noopener noreferrer nofollow">Shiba Inu Shows Streak for a Positive July: Will 2024 Follow the Trend?</a></li>
 <li><a href="https://cryptonewsland.com/arbitrum-has-an-exceptional-month-of-july-here-are-the-facts/" rel="noopener noreferrer nofollow">Arbitrum Has an Exceptional Month of July, Here Are The Facts</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/sec-vs-xrp-battle-to-conclude-in-july/" rel="noopener noreferrer nofollow">SEC vs. XRP Battle Could Conclude on July 13 or July 31, Where Will XRP Price go?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

SEC vs. XRP Battle Could Conclude on July 13 or July 31, Where Will XRP Price go?

قائمة المحتويات

Crypto News Land

المزيد من المقالات نُشرت في ٩ يوليو ٢٠٢٤

Cardano’s USDA Set To Launch Amid Global Stablecoin Push

Analysts pick leading crypto primed for strong performance in 2024

Big Tech Faces Financial Reckoning if Human-Level AI Doesn’t Happen Soon

Terra Luna Classic (LUNC) Staking Surpasses 1 Trillion Tokens, Staking Ratio Hits 15%

Bitcoin Falls Below $60,000! Analysis from July 9, 2024

Ripple News Today: Here’s When XRP Price Is Expected To Rally

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.