XRP Lawsuit Might Not End In Settlement; Here's Why SEC's lawsuit led to delisting of XRP across the most important cryptocurrency exchanges in the industry , leading to pending class action lawsuit where 63,000 XRP holders presented a united front against the SEC and were willing to provide testimony that directly contradicts not only the SECs claims against Ripple but the claims made against Ripple. In an interview last month, Ripple CEO Brad Garlinghouse highlighted that the lawsuit had ramifications on the entire cryptocurrency industry. It is impossible to predict the future of any cryptocurrency, including XRP, with certainty. XRP prices may be able to reach a maximum of $0.46. While XRP still ranks as the sixth-largest crypto in the world with a $21 billion market capitalization, it has been in a holding pattern for the past two years amid a pending legal case with the Securities and Exchange Commission (SEC). Binance Coin (BNB) price sees its longer-term rally starting to roll over as, for a third week in a row, the support element pushing price action needs to step in. The cross-border payment tokens moving average convergence divergence (MACD) is clearly indicating a sell signal while its relative strength index (RSI) oscillator figure of 49.85 shows that it is in the underbought region. The XRP community has been invigorated by the news of US largest exchange Coinbase suing the SEC. While the deadline for submitting Amicus Briefs is set be November 11, 2022. advertisement. } Featured image from Pixabay and chart from Tradingview. The U.S. Securities and Exchange Commission sued Ripple, Garlinghouse, and co-founder Chris Larsen in December 2020 over the sale of XRP, which the securities watchdog said is an unregistered security offering. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. PrimeXBT predicts a near-term rise of up to $4. Meanwhile, XRPs price is trading contrary to these bullish remarks today.
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