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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 outcome 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 @Ripple 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% <a rel="noopener noreferrer nofollow" title="legal" href="https://thebittimes.com/tag/legal.html">legal</a> victory. https://t.co/Xe6SYBiTCJ</p>— John E Deaton (@JohnEDeaton1) November 4, 2023
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 <p>Deaton contended that a settlement of $20 million or less would be a significant <a rel="noopener noreferrer nofollow" title="legal" href="https://thebittimes.com/tag/legal.html">legal</a> <a rel="noopener noreferrer nofollow" title="triumph" href="https://thebittimes.com/tag/triumph.html">triumph</a> 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>
 <div class="cn-block-related-link">
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 <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 data from CoinGecko, XRP has primarily been in the green in all periods in the previous month. The <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> 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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   XRP 30-day price chart | Source: CoinGecko
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 <p>Data from Google Trends revealed that, in the U.S., XRP had surpassed the popularity of Ethereum (ETH) in 47 states, particularly in Delaware, Nevada, Louisiana, Arizona, and Hawaii.</p>
 <p>XRP’s price activity throughout 2023 has largely been influenced by the ongoing lawsuit between Ripple and the SEC, with the crypto company’s incremental victories in court seemingly contributing to a positive trajectory for XRP.&nbsp;</p>
 <p>Analysts’ forecasts for the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> 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 #Ripple<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. $xrp #xrpisnotasecurity pic.twitter.com/HvIIp0vIiD</p>— Shannon Thorp (@thorpshannon87) September 11, 2023
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 <p>XRP’s recent price activity suggests a bullish trend. After surpassing the 200-day Exponential Moving Average (EMA) line on Oct. 21, the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>’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>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Significant whale movements stir up XRP and Bitcoin market
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-lawyer-predicts-ripple-legal-triumph-as-token-gains-6-tbt69133.html">https://thebittimes.com/crypto-lawyer-predicts-ripple-legal-triumph-as-token-gains-6-tbt69133.html</a></p>

Crypto lawyer predicts Ripple legal triumph as token gains 6%

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