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Following the news that Ripple (XRP) is now accessible Hinman Speech Documentts, there is speculation of a soaring XRP price. In the latest SEC has filed a memorandum against ripple Defendant’s Motion for Summary Judgment. It was previously revealed that the SEC eventually handed over the Hinman documents, which Ripple is now disclosing evidence including internal SEC emails and former SEC chief Hinman’s draft of his 2018 speech. means to have
The documents basically confirm Ripple’s victory in the lawsuit. However, there has been no significant increase in XRP price since this news broke. At the time of writing, the price of XRP is up 2.60% to $0.4493 in the last 24 hours, according to the price tracking platform. coin market capitalizationIn this regard, crypto community insiders are optimistic about a significant price increase for cryptocurrencies. altcoinForever HODL, a cryptocurrency enthusiast with a Twitter profile name, believes a win in the SEC lawsuit is a possibility. Multiply the XRP price by 10.
If XRP wins and goes back to all exchanges, the price will be $2 to $5. The easiest X10 you make.
At its peak in June 2018, XRP hit an all-time high of $3.02. Over the past year, XRP peaked at $1.28 at the end of last year and has since fallen steadily. Whether the final ruling in the SEC case will propel altcoins to all-time highs remains to be seen. On the flip side, there is a section of the community that believes that the price of XRP will only rise due to its progress, not lawsuits. Dr. Martin Heathbecka crypto insider felt that the price of XRP had nothing to do with the settlement of the SEC lawsuit.
The settlement of the XRP lawsuit will have no impact on the price of the token.
On the other hand, XRP lawyers SEC No Judgment In that case. Instead, a judge may ask a jury to determine the facts of an XRP lawsuit.
Over the past few months, the cryptocurrency market has kept pace with macroeconomic factors. The altcoin market has also suffered from negative market pressure. It remains to be seen whether future crypto market conditions will improve if the Federal Reserve rate hikes are eased.
The content presented may contain the author’s personal opinions and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication accepts no responsibility for your personal financial loss.
