Coin

<ul class="news-points"> 
 <li>The Ripple-SEC case reached a phase where another discovery could be found.</li> 
 <li>Failure to break the $0.53 resistance might send XRP back to $0.48.</li> 
 <li>If the 20 EMA stays above the 50 EMA, XRP might climb to $0.58.</li> 
</ul> 
For the umpteenth time, the price of <a href="https://coinedition.com/xrp-trading-volume-surged-to-remarkable-600m-in-q4-2023-report/">Ripple (XRP)</a> has been caught in the crossfire as the case between the U.S. SEC and the blockchain firm hits a new stage. Recently, the SEC <a href="https://www.dropbox.com/scl/fi/1l5fvym40feuy3b3axtys/SEC-Replyto-Ripple-Opposition-to-Motion-to-Compel.pdf?rlkey=4wwr6n8i26nraams4ug3egocd&amp;e=1&amp;dl=0" target="_blank" rel="nofollow">asked</a> the court in charge of the lawsuit to ask Ripple to provide its 2022–2023 financial statements. 
Ripple, in its response, opposed the motion. According to the firm, the case was no longer in the discovery phase, where the documents might have been relevant. But unfortunately for Ripple, Judge Sarah Netburn of the New York Southern District Court aligned with the SEC’s request. 
Coin Edition <a href="https://twitter.com/FilanLaw/status/1754978222805020750" target="_blank" rel="nofollow">learned</a> that Ripple pleaded with the court to give it more time to provide the documents. Therefore, the files that were supposed to be submitted on February 12 could be made available on February 20. 
Throughout the back and forth, XRP’s price experienced some changes. At one point, the value of the token dropped to $0.48. But at press time, XRP has gained 3.07% in the last seven …
The post <a href="https://coinedition.com/sec-vs-ripple-lawsuit-update-discovery-phase-wraps-up/">SEC vs. Ripple Lawsuit Update: Discovery Phase Wraps Up</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SEC vs. Ripple Lawsuit Update: Discovery Phase Wraps Up

Coin Edition

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