Bull Market

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 The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/ripple/a-big-win-for-the-crypto-space-ripple-against-the-sec-bull-market-is-here/">A Big Win for the Crypto Space &amp; Ripple Against the SEC; Bull Market is Here!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
 The Summary judgment is Out! Ripple Won the lawsuit against the SEC! XRP is not a security! 
 Yes, finally, the moment has arrived, which was awaited for more than a year. Today, Judge Analisa Torress ruled out the <a href="https://www.dropbox.com/scl/fi/bk1n1qn1tgscrcrrfldr8/SEC-v.-Ripple-Ruling-on-Motions-for-Summary-Judgment.pdf?dl=0&amp;rlkey=cjyfdw5rl58diqxyi3qfgix7s" target="_blank" rel="noopener noreferrer nofollow">summary judgment</a> and whitewashed the claim that XRP is a security. This is a very big moment for the entire crypto space as if XRP is not a security, neither BTC nor ETC is! 
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 The most important part of this ruling: “XRP, as a digital token, is not in and of itself a “contract, transaction[,] or scheme” that embodies the Howey requirements of an investment contract.” This is a now a matter of law (not up for trial.)— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1679532760732426245?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 13, 2023</a> 
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 The judge unequivocally stated that the sales of XRP by Ripple do not constitute an offer of investment contracts. This means that XRP is not considered a security, providing clarity and paving the way for broader adoption. Even though the current ruling is a big win for the company, it is important to note that the lawsuit is not over yet! 
 While this ruling is a significant step forward, there may be further legal challenges ahead. The final outcome remains uncertain, but the ruling itself is a big milestone. Besides, the native token XRP price quickly gained momentum as the buying volume soared, with a more than 30% jump in the prices. However, it is always better to wait for a correction before jumping on the moving train.&nbsp; 
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 As seen in the above chart, the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">XRP price</a> exploded immediately after news broke out that the ruling had been produced in favour of the company. The recent pullback below the $0.65 region clearly indicates the presence of bearish dominance at these levels. Hence, a minor correction may be possible to attract liquidity to the platform.&nbsp; 
 The prevailing buying pressure may continue for a while, which may be further fueled by the token XRP being relisted on US-based exchanges. Now that the lawsuit has turned in favour of the crypto, the regulatory clouds over the space may be waning for a while, which may keep up the bullish momentum of the markets, triggering a fresh bull run very soon.
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A Big Win for the Crypto Space & Ripple Against the SEC; Bull Market is Here!

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