Million

<p>The post <a href="https://coinpedia.org/news/will-judge-torres-go-easy-on-ripple-experts-say-ripple-to-reaches-a-settlement-of-over-10-million/">Ripple vs SEC: Could a $10 Million Ripple Settlement Finally Resolve the XRP Lawsuit?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In the high-stakes <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-update-deaton-dismisses-settlement-rumors-with-the-sec/">Ripple vs. SEC</a> showdown, Ripple teeters on the brink of a $10 million settlement. Despite market fluctuations, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> remains defiant, showing a glimmer of green after a tumultuous week. Will this be the calm before the storm, or are we witnessing a turning tide? </p> 
<p>Dive deeper to unveil the latest twists, expert insights, and XRP’s technical outlook – could a bullish future be on the horizon?</p> 
<h2 class="wp-block-heading" id="h-sec-vs-ripple-drama"><strong>SEC vs. Ripple Drama</strong></h2> 
<p>The SEC and Ripple have been in a court battle for a while regarding Ripple’s sale of XRP in an unregistered security offering. This legal fight has significantly impacted XRP’s value, causing its price to drop from an all-time high of <a href="https://markets.coinpedia.org/xrp/">$3.4 to $0.51</a>.</p> 
<p>Fast forward to now, the SEC wants Ripple to <a href="https://coinpedia.org/news/ripple-vs-sec-update-secs-new-demand-in-ripple-lawsuit/">share detailed</a> financial information for the years 2022 and 2023. They also want information about contracts governing XRP sales to big investors.&nbsp;</p> 
<p>Earlier Coinpedia reported that Ripple has <a href="https://coinpedia.org/news/ripple-vs-sec-lawyer-bill-morgan-rages-over-misleading-article-provides-case-update/">strongly opposed</a> the SEC’s latest move, filing a response letter disputing the motion to compel, citing factual mischaracterizations by the regulator’s lawyers.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/ripple-vs-sec-lawyer-bill-morgan-rages-over-misleading-article-provides-case-update/">Ripple vs SEC: Bill Morgan Blasts Misinformations, Provides Clarity on XRP Lawsuit</a></p> 
<h2 class="wp-block-heading" id="h-insights-from-legal-experts">Insights from Legal Experts</h2> 
<p>A renowned attorney &amp; crypto enthusiast Bill Morgan thinks Judge Torres is going to lay down the law on the SEC’s request before we hit that February 12 deadline.&nbsp;</p> 
<p>On the settlement front, Attorney John Deaton <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-update-deaton-dismisses-settlement-rumors-with-the-sec/">suggests a possible resolution</a> involving Ripple paying close to $10 million.&nbsp;</p> 
<p>Looking ahead, Deaton predicts that any fine imposed by Judge Torres is likely to be far less than Ripple’s hefty $200 million legal fees, possibly around $10 million. This legal situation has caught the attention of those involved in XRP, and they are eager to see how the court will decide.</p> 
<h2 class="wp-block-heading" id="h-xrp-technical-analysis">XRP Technical Analysis</h2> 
<p>Turning to technical analysis, a well-known crypto analyst Akash Girimath, offers insights into <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP’s</a> short-term outlook. Girimath suggests a bearish trend, anticipating a potential dip below the $0.468 support level before staging a recovery from the $0.532 support line.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="561" src="https://image.coinpedia.org/wp-content/uploads/2024/02/05194356/Screenshot-73-3-1024x561.png" alt="" class="wp-image-267226" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/05194356/Screenshot-73-3-1024x561.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/05194356/Screenshot-73-3-300x164.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/05194356/Screenshot-73-3-768x421.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/05194356/Screenshot-73-3-150x82.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/05194356/Screenshot-73-3.png 1070w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>If these conditions are met, the long-term outlook could shift to bullish, with an upward target of $0.696. However, Girimath warns that a failure to bounce from the $0.468 support could signal weakness, potentially leading to an 18% crash to the $0.379 support level.&nbsp;</p> 
<p>Did You Read? <a href="https://coinpedia.org/news/nik-bougalis-take-on-the-chris-larsen-xrp-security-incident/">Ripple Hack Exposes Security Gaps: Could Multi-Sig Come to the Rescue?</a></p>

Ripple vs SEC: Could a $10 Million Ripple Settlement Finally Resolve the XRP Lawsuit?

목차

CoinPedia News

2024년 2월 5일에 게재된 다른 기사

Crypto Market Watch: DOGE Investors on Edge While $SCORP Token Soars In Popularity

17 Year-Old Trader Cashes In $1 Million from $JUP Airdrop; $GFOX Set to Be Most Profitable Memeco...

Can Bitcoin Price Skyrocket & Reach $50000 Mark in the Future?

Anthony Scaramucci’s Bold Bitcoin Predictions: $170,000 Post-Halving Surge

Crypto assets saw $708m inflows last week; Bitcoin and Solana lead

DOGE Price Braces for 26% Explosive Leap Past $0.10 This Week!

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!