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<p>The post <a rel="nofollow" href="https://coinpedia.org/news/whats-in-store-for-xrp-price-in-september-amidst-ripple-vs-sec-verdict/">What’s in Store For XRP Price in September Amidst Ripple vs SEC Verdict</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The prolonged legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has generated considerable interest and speculation within the cryptocurrency community.</p> 
<p> In a new video by Late Night Grind, the analyst discusses John Deaton’s prediction on the timeline of the Ripple versus SEC case and the current price movement of XRP.</p> 
<p>He said that while the price of XRP has experienced a decline, it is essential to note that it has not dropped as significantly as other cryptocurrencies, such as Bitcoin and Ethereum, during the recent market pullback. However, XRP has witnessed a swift drawback of several cents. The critical support level to monitor is around $0.42 cents, which it&nbsp; must hold.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-ripple-vs-sec-verdict">Ripple vs SEC Verdict </h2> 
<p>John Deaton, a legal analyst closely following the Ripple versus SEC case, has offered his prediction on when the case might conclude. Drawing from Judge Torres’ decision-making history, Deaton speculates that the case may end on September 6, 2023. </p> 
<p>This prediction aligns with a full six-month timeframe from when the expert witness issues were resolved. The delayed decision may also correlate with the diminishing social momentum and sentiment surrounding XRP.</p> 
<p>Talking about XRP, Cardano, and Shiba Inu, he spoke about the implications of these cryptocurrencies being listed on a cryptocurrency index by the Hong Kong Virtual Assets Consortium.</p> 
<p>In contrast to the United States regulators’ efforts to curb crypto activities, Hong Kong appears to be embracing the digital asset ecosystem. </p> 
<p>Hong Kong legislators have even reached out to Coinbase, inviting them to apply as a premier trading partner. This signals a divergence in approach between Hong Kong and the US SEC, potentially positioning Hong Kong as a global web3 hub in the coming years.</p> 
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What’s in Store For XRP Price in September Amidst Ripple vs SEC Verdict

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