David Vance

Coin

<ul class="news-points"> 
 <li>Ripple wins a legal battle in California, focusing solely on one state law claim, boosting regulatory clarity.</li> 
 <li>A 250M XRP transfer from Ripple stirs market speculation on its destination and potential price impacts.</li> 
 <li>XRP’s short-term volatility suggests a potential drop to $0.28, but long-term prospects remain bullish up to $12.6 by 2025.</li> 
</ul> 
Ripple has secured a legal victory in California, allowing a lawsuit to proceed under one state law claim.&nbsp; 
As noted by crypto analyst Cheeky Crypto in a YouTube <a href="https://www.youtube.com/watch?v=0uxGQNE4MWI" target="_blank" rel="nofollow">video</a>, the lawsuit alleged that CEO Brad Garlinghouse’s bullish statements about XRP were misleading due to his sales of the token during that period. Ripple’s Chief Legal Officer clarified that the California judge dismissed all allegations of violating federal securities law, leaving only one state law claim. 
Additionally, a recent <a href="https://www.binance.com/en-BH/square/post/2024-06-22-massive-250-million-xrp-transfer-sparks-market-speculation-9805540304737" target="_blank" rel="nofollow">transfer of 250 million XRP</a> from Ripple’s holdings has fueled speculation about its destination and potential impact on XRP’s price. This significant movement has captured the attention of investors, who are considering its possible effect on the market. 
David Schwartz, the co-creator of XRP, addressed concerns about a potential bu…
The post <a href="https://coinedition.com/ripple-scores-legal-win-but-xrp-volatility-persists-amid-market-downturn/">Ripple Scores Legal Win, But XRP Volatility Persists Amid Market Downturn</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple Scores Legal Win, But XRP Volatility Persists Amid Market Downturn

Coin Edition

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