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 <p>John Deaton, the attorney representing XRP holders, has put forward a compelling argument that could potentially result in a 99.9% legal victory for <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> in its ongoing legal battle with the SEC. Deaton’s <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> challenges the prevailing belief that the SEC’s stance in the <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> case is evenly split 50-50. Instead, he contends that the advantage heavily favors <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>, resembling a 90-10 split in their favor. If <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> ends up facing penalties of $20 million or less, this interpretation could lead to a resounding legal win for the company.</p>
 <p>Deaton’s perspective has been prompted by a recent post by Stuart Alderoty, the Chief Legal Officer of Ripple. It highlighted another legal setback for the SEC in the ongoing lawsuit. This viewpoint resonates with the sentiment prevalent in the cryptocurrency community. Several have been viewing a potential settlement of $20 million as a positive outcome for Ripple. This assessment takes into consideration the broader implications of the XRP lawsuit and the regulatory landscape surrounding digital currencies.</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 rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> case are 💯 wrong. It was more like 90-10 in <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s favor. If <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> ends up paying $20M or less it’s a 99.9% legal victory. https://t.co/Xe6SYBiTCJ</p>
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    </div> — John E Deaton (@JohnEDeaton1) November 4, 2023
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 <p><strong>Also Read: Ripple: XRP Price Prediction For The Weekend</strong></p>
 <h4 class="wp-block-heading" id="h-xrp-hits-3-month-high">XRP Hits 3-Month High</h4>
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 <p>In a surprising turn of events, XRP has seen a significant resurgence in its market value. It hit a three-month high with a price exceeding $0.68. This surge in value represents a noteworthy recovery since Aug. 2 and coincides with XRP’s impressive 23% gain against Bitcoin within just one week. Notably, wallets holding between 100,000 and 1 billion XRP have reached their highest level in 2023. This resurgence has piqued the curiosity of cryptocurrency enthusiasts and investors. This further prompted an exploration of the factors driving this surge in the token’s value.</p>
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 <p>Several key factors contributed to the recent upswing in XRP’s price. Firstly, renewed interest in the XRPLedger, the foundational blockchain of the XRP ecosystem, has played a pivotal role. This blockchain has been gaining recognition for its efficient and scalable technology, making it an appealing choice for both institutional and retail investors.</p>
 <p>Furthermore, the recent rally in XRP’s value, along with the positive legal developments in <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s SEC case, underscores the resilience and potential of this <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency. While the outcome of the lawsuit remains uncertain, Deaton’s optimistic scenario and the broader market trends indicate that <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> and XRP may be well-positioned for future success. The <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency community and investors are closely monitoring the courtroom developments, as they have the potential to influence the regulatory landscape and the digital currency market as a whole.</p>
 <p><strong>Also Read: Dubai Incorporates XRP Into Special Economic Zone</strong></p>
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<div class="cs-entry__tags">
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  <li>crypto</li>
  <li>cryptocurrency</li>
  <li>Ripple</li>
  <li>sec</li>
  <li>xrp</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-hits-3-month-high-as-attorney-predicts-99-9-win-in-sec-lawsuit-tbt69152.html">https://thebittimes.com/xrp-hits-3-month-high-as-attorney-predicts-99-9-win-in-sec-lawsuit-tbt69152.html</a></p>

XRP Hits 3-Month High as Attorney Predicts 99.9% Win in SEC Lawsuit

TheBitTimes

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