2024

Circuit

April

<p>The post <a href="https://coinpedia.org/news/will-the-ripple-vs-sec-settlement-occur-in-the-next-24-hours-xrp-price-facing-the-heat/">Ripple vs SEC Settlement in the Next 24 Hours? XRP Price Feels the Heat!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In today’s pivotal meeting between <a href="https://coinpedia.org/news/ripple-x-dev-unveils-native-lending-protocol-proposal-for-xrpl/">Ripple</a> and the <a href="https://coinpedia.org/news/ripple-vs-sec-ripples-path-forward-after-sec-vs-govil-appeal/">SEC</a>, all eyes are on the possibility of a settlement. This closed-door gathering has captured the interest of both crypto enthusiasts and investors. Recent developments hint at ongoing negotiations between the two parties, but the outcome remains uncertain, especially with the pre-trial conference scheduled for today.</p> 
<p>Here’s all you need to know. </p> 
<h2 class="wp-block-heading" id="h-behind-closed-doors"><strong><strong>Behind Closed Doors</strong></strong></h2> 
<p>Closed-door SEC meetings are a regular occurrence, bringing together top officials like commissioners and key staff. These meetings, whether virtual or held in Washington, D.C., are shrouded in secrecy. As today’s meeting is crucial, speculation abounds within the crypto community about the possibility of a settlement.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Are Ripple and SEC on the Brink of Settlement Right Now?<br><br>I've been asked this question hundreds of times, but I don't know the answer. Yes, it could be possible, but another rabbit could also jump out of the SEC's hat?<br><br>Today 16e, Ripple and the SEC will hold a Final Preliminary… <a href="https://t.co/dxopO3yuSk">pic.twitter.com/dxopO3yuSk</a></p>— 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f3-1f1f1.png" alt="🇳🇱" class="wp-smiley" style="height: 1em; max-height: 1em;"> MackAttackXRP® 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f3-1f1f1.png" alt="🇳🇱" class="wp-smiley" style="height: 1em; max-height: 1em;"> 67K-XRP-Followers (@MackAttackXRP) <a href="https://twitter.com/MackAttackXRP/status/1780122097303355714?ref_src=twsrc%5Etfw">April 16, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>In the <a href="https://coinpedia.org/news/ripple-vs-sec-settlement-expectations-runs-high-what-to-expect-on-april-16th/">SEC v. Ripple case</a>, while Ripple has seen some victories, it faces allegations of violating securities laws with its XRP sales. Now, the focus is on determining penalties, with the SEC seeking nearly $2 billion from Ripple. This hefty fine presents Ripple with a difficult choice: either <a href="https://coinpedia.org/news/navigating-ripples-escrow-analyzing-the-ripple-effect-of-500m-xrp/">sell off XRP</a> in large quantities, potentially crashing the market, or sell the entire company to cover the fine. </p> 
<p>Ripple’s response on April 22 and the SEC’s reply on May 6 will pave the way for the court’s final decision if a settlement isn’t reached today.</p> 
<p>Read More: <a href="https://coinpedia.org/news/ripple-vs-sec-pre-trial-conference-buzz-drops-xrp-below-0-50-what-next/">All Eyes on Ripple vs SEC: Final Arguments to Determine XRP Price</a></p> 
<h2 class="wp-block-heading" id="h-coinbase-s-move-adds-complexity"><strong><strong>Coinbase’s Move Adds Complexity</strong></strong></h2> 
<p>Coinbase’s decision to pursue an interlocutory appeal in the Second Circuit Court of Appeals has further complicated matters for Ripple. This appeal aims to clarify the definition of an “investment contract,” a crucial aspect that could significantly impact the crypto industry. </p> 
<p>The outcome of this appeal could establish important legal precedents affecting ongoing lawsuits, including the Ripple vs. SEC case.</p> 
<h2 class="wp-block-heading" id="h-market-pressure-for-xrp"><strong>Market Pressure for XRP</strong></h2> 
<p><a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP’s price</a> has been under strain, dropping below key support levels amid increased market volatility. Concerns over Ripple’s periodic release of XRP tokens from escrow and uncertainty surrounding the lawsuit’s outcome have contributed to this decline.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/price-analysis/xrp-price-records-the-biggest-drop-is-this-the-right-time-to-stack-ripple-tokens/">XRP Price Records The Biggest Drop! Is This The Right Time To Stack Ripple Tokens?</a></p> 
<p>Despite the downturn, there’s growing interest in XRP futures among derivatives traders, indicating potential price movements. The expansion of active <a href="https://coinpedia.org/news/unraveling-the-usdc-xrp-amm-pool-imbalance-insights-from-a-ripple-labs-veteran/">XRPL liquidity pools</a> also signals continued engagement with the network despite uncertainties.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Following the XRPL liquidity pools since the weekend. Shows an increase from 277 to 316 active pools and from 1.8 million to 2.15 million XRP locked up. <a href="https://t.co/RDyzsKo1Ws">pic.twitter.com/RDyzsKo1Ws</a></p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1780046766613959157?ref_src=twsrc%5Etfw">April 16, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p><strong>Settlement or no settlement, what’s your prediction for the XRP price?&nbsp;</strong></p>

Ripple vs SEC Settlement in the Next 24 Hours? XRP Price Feels the Heat!

Table of Contents

CoinPedia News

Other articles published on Apr 16, 2024

Exploring the Potential Increase in Litecoin’s Market Value

BlocksChat Launches Decentralized Social Media Platform, Allowing Content Creator to Get Rewarded...

Trust Wallet Issues Important Security Warning to iPhone Users: Details

Renq Finance is Depleting Fast; Will It Collapse Further or Rise?

Isle of Wight Tech firm won Award for Its Neutron Detector and AI trump Celebrates it

Why Elon Musk’s Recent Tweet Didn’t Move the Dogecoin Needle

Join our free newsletter for daily crypto updates!