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<p class="is-style-lead">Crypto attorney John Deaton has offered insights into the ongoing Securities and Exchange Commission (SEC) vs. Ripple lawsuit, suggesting a favorable outcome for the latter.</p> 
<p>Deaton has predicted a “99.9% legal victory” for Ripple in its ongoing case versus the SEC. Deaton’s comments were prompted by a post from Ripple Chief Legal Officer Stuart Alderoty, indicating a strong belief that the <a href="https://crypto.news/sec-has-no-chance-of-success-in-ripple-appeal-lawyer-says/" target="_blank" rel="noreferrer noopener">outcome</a> of the lawsuit weighs heavily in Ripple’s favor.</p> 
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   <p lang="en" dir="ltr">The people who’ve argued that the SEC got a 50-50 victory in the <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Ripple</a> case are 💯 wrong. It was more like 90-10 in Ripple’s favor. If Ripple ends up paying $20M or less it’s a 99.9% legal victory. <a href="https://t.co/Xe6SYBiTCJ" target="_blank">https://t.co/Xe6SYBiTCJ</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1720847636998041908?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 4, 2023</a>
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<p>Deaton contended that a settlement of $20 million or less would be a significant legal triumph for Ripple, refuting the idea that the lawsuit’s result would be an even 50/50 outcome for the SEC.</p> 
<p>The lawsuit between SEC and Ripple, initiated in December 2020, accuses Ripple Labs of conducting an unregistered securities offering by selling its native token, XRP. However, the case has seen numerous changes, with Ripple Lab’s partial wins contributing to a positive trend for XRP’s price action throughout 2023.</p> 
<p> You might also like: <a href="https://crypto.news/ripples-top-lawyer-scrutinizes-secs-courtroom-defeats-during-gensler-tenure/"> Ripple’s top lawyer scrutinizes SEC’s courtroom defeats during Gensler tenure </a> </p> 
<h2 class="wp-block-heading" id="xrp-price-rally-continues">XRP price rally continues</h2> 
<p>In the current crypto landscape, XRP is making waves, with a 6.1% rise over the last 24 hours, positioning it at $0.646957. Per <a href="https://www.coingecko.com/en/coins/xrp" target="_blank" data-type="link" data-id="https://www.coingecko.com/en/coins/xrp" rel="noreferrer noopener">data</a> from CoinGecko, XRP has primarily been in the green in all periods in the previous month. The token gained 17.5% over seven days and 25.5% in the last fortnight. Its price also went up by 25.2% since Oct. 6.</p> 
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 <img decoding="async" loading="lazy" width="1200" height="1200" src="https://crypto.news/app/uploads/2023/11/image-1.png" alt="Crypto lawyer predicts Ripple legal triumph as token gains 6% - 21" class="wp-image-14212285">
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  XRP 30-day price chart | Source: CoinGecko
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<p>Data from Google Trends revealed that, in the U.S., XRP had <a href="https://trends.google.com/trends/explore?date=today%201-m&amp;geo=US&amp;q=XRP,Ethereum,Cryptocurrency,Ripple&amp;hl=en" target="_blank" rel="noreferrer noopener">surpassed</a> the popularity of Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) in 47 states, particularly in Delaware, Nevada, Louisiana, Arizona, and Hawaii.</p> 
<p>XRP’s price activity throughout 2023 has largely been <a href="https://crypto.news/xrp-price-gains-7-6-as-sec-dismisses-lawsuit-against-ripple/" target="_blank" rel="noreferrer noopener">influenced</a> by the ongoing lawsuit between Ripple and the SEC, with the crypto company’s incremental <a href="https://crypto.news/sec-drops-lawsuit-against-ripple-and-its-execs/" target="_blank" rel="noreferrer noopener">victories</a> in court seemingly contributing to a positive trajectory for XRP.&nbsp;</p> 
<p>Analysts’ forecasts for the token vary significantly, ranging from a moderate boost to 90 cents in the next year to an audacious estimate of $500.</p> 
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   <p lang="en" dir="ltr">From the 2023 New Value Report by <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Ripple</a><br><br>$250T is expected by 2027 just in cross-border payments! <br><br>A $500 XRP price just doesn't seem like enough to facilitate that amount. 😉 <a href="https://twitter.com/search?q=%24xrp&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$xrp</a> <a href="https://twitter.com/hashtag/xrpisnotasecurity?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#xrpisnotasecurity</a> <a href="https://t.co/HvIIp0vIiD" target="_blank">pic.twitter.com/HvIIp0vIiD</a></p>— Shannon Thorp (@thorpshannon87) <a href="https://twitter.com/thorpshannon87/status/1701037449554596001?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">September 11, 2023</a>
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<p>XRP’s recent price activity suggests a bullish trend. After <a href="https://www.tradingview.com/x/tEr5nLpI/" data-type="link" data-id="https://www.tradingview.com/x/tEr5nLpI/" target="_blank" rel="noreferrer noopener">surpassing</a> the 200-day Exponential Moving Average (EMA) line on Oct. 21, the token’s price saw an almost 20% rise in 11 days.&nbsp;</p> 
<p>Market watchers feel that despite encountering strong resistance at the 0.386 Fibonacci retracement level at $0.625, the possibility of another bullish attempt is likely if XRP’s price remains above the $0.60 level.</p> 
<p> Read more: <a href="https://crypto.news/significant-whale-stir-up-xrp-and-bitcoin-market/"> Significant whale movements stir up XRP and Bitcoin market </a> </p>

Crypto lawyer predicts Ripple legal triumph as token gains 6%

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