Eclipse

CRYPTO

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XRP enthusiasts find themselves in a passionate debate over the potential price surge of their beloved digital asset. The focal point of this heated discussion revolves around a critical question: can XRP reach the coveted $10 mark? While optimism runs high within the XRP community, a seasoned&nbsp;<a href="https://twitter.com/Marc_Fagel/status/1698550853689585793?s=20" rel="noopener noreferrer nofollow">SEC veteran</a> has added a dose of regulatory reality to the conversation. 
In a recent crypto analysis tweet, one enthusiast pointed out the previous cycle's impressive 900% surge, suggesting that a similar pattern could propel XRP to the $15 milestone. Another enthusiast countered this argument, emphasizing the need to consider potential selling pressures once&nbsp;<a href="https://u.today/xrp-community-awaits-this-airdrop-as-xrp-burning-takes-center-stage" rel="noopener noreferrer nofollow">XRP</a> approaches the $5 mark and above. 
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 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> Could This Cycle Eclipse 2017?🚀Critics gonna criticize, so let us focus on the listeners and allow me to explore some captivating insights! Ladies and gentlemen, lend me your ears! 🎧 I've got some riveting data to unveil, all grounded in a 3-month time frame. 📊🔍… <a href="https://t.co/24VVo5J2bJ" rel="noopener noreferrer nofollow">pic.twitter.com/24VVo5J2bJ</a>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1698316337783693748?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 3, 2023</a> 
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The debate took an intriguing twist when the XRP supporter stressed the importance of regulatory clarity, claiming that the token had received legal affirmation as a nonsecurity asset. However, a dissenting voice quickly emerged, asserting that while XRP may have legal clarity, it lacks the broader regulatory consensus required in the financial world. 
Amid the back-and-forth, an unexpected voice joined the conversation. Marc Fagel, a former SEC director and retired attorney with 28 years of enforcement and securities litigation expertise, weighed in. Fagel's assessment painted a nuanced picture, indicating that the court had ruled both in favor of&nbsp;<a href="https://u.today/ripple-sells-tens-of-millions-of-xrp-at-a-loss-price-drops-after-recent-rise" rel="noopener noreferrer nofollow">Ripple</a> and the SEC. While the court acknowledged that Ripple had illegally raised over $700 million through unregistered security sales, it also ruled that the company's sales of XRP through intermediaries did not violate the law. 
<blockquote> 
 No. The court ruled in part for Ripple, in part for the SEC. The court held that Ripple illegally raised over $700M through he unregistered sale of securities. But the court also ruled that the company’s sales of XRP through intermediaries did not violate the law. So, mixed bag.— Marc Fagel (@Marc_Fagel) <a href="https://twitter.com/Marc_Fagel/status/1698550853689585793?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 4, 2023</a> 
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As XRP enthusiasts dream of soaring to new heights, they must grapple with both potential regulatory hurdles and broader market dynamics shaping their coin's trajectory. Only time will tell if&nbsp;<a href="https://u.today/xrp-and-shiba-inu-shib-steal-spotlight-with-jaw-dropping-mysterious-transfers" rel="noopener noreferrer nofollow">XRP</a> can break the $10 barrier and beyond.

XRP Community Debates: Can It Reach $10? SEC Veteran Joins Debate

U_Today

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