Larina Marina/iStock Editorial via Getty Images. This is because its usability and centralized nature are valuable across the entire financial system. With climate change at the front of many peoples minds (from governments to investors), energy companies, old and new, are constantly adapting to a new world. So we can now speculate what should happen if Ripple were to be acquitted in the coming weeks or months. Monday, October 24, is critical to the lawsuit's progress, with the SEC and Ripple expected to file publicly redacted versions of their opposition briefs. Even though the price corrected to $0.42, investors and experts are looking forward to XRP reclaiming its all-time high at $3.40 and blasting to $50 in the long term if there is a positive outcome from the lawsuit. For its contributions to Carnegie Mellon Universitys Secure Blockchain Initiative, Ripple has been named a founding sponsor. Its important to note that not all companies pay out dividends. Privacy Policy. In that case, the entire crypto market will be affected as the SEC will have the confidence and willpower to go after other crypto projects by launching a series of enforcement actions. John Deaton, attorney for the approximately 65,000 XRP Holders accepted as Amicus Curiae in the SEC v. Ripple lawsuit, has shared his thoughts on what may come next for XRP. This time, its because the company is being sued by the U.S. Securities and Exchange Commission (SEC). "Despite external pressure being applied by U.S. regulatory authorities, the XRP Ledger aims to provide a digital payment infra not just for individuals, but also for existing financial entities such as central banks," said crypto research firm Messari in a tweet. Ripple (XRP) Price Prediction: 2022-2030 | GOBankingRates It is also unclear if the companys aggressive techniques will bear fruit. These two stocks with disruptive technology could, December 19, 2022 | Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people around the world achieve their financial goals through our investing services and financial advice. 1. To date, a host of motions and memorandums have been exchanged, yet there is no clear winner. The company is also pioneering a new ledger project supporting central banks. Whats happened to the xrp lawsuit? Do you think SEC will win the lawsuit against Ripple over XRP? But XRP proved that the lawsuit couldn't prevent it from having a massive . What are bank stocks? Stefan W. Huber (@Leerzeit) June 9, 2021. The XRP price has seen a drop in the last few days. Almost two years after the filing, the court is yet to provide a ruling which some believe will impact the entire cryptocurrency industry. If Ripple wins, XRP is likely to reach USD 2.55 by the end of the year based on average price predictions made by the panellists. Thats an uptick of nearly 12% from its current all-time high of $3.40. The demand for XRP is still high outside the U.S. as external exchanges strive to list the token on their platforms. The terms of the settlement are confidential. XRP price has lost much of its month-long upward momentum, making it brush shoulders with $0.55 twice before falling back down again. However, XRP began sliding in the indices as investors indulged in sell-offs and profit bookings this week. XRP Price Prediction - What Will Happen to Price if Ripple Wins SEC Lawsuit? Cloudflare Ray ID: 7c06ee630cee87d5 The panel of experts polled by Finder pegged XRP at $3.81 by the end of 2025 if Ripple wins the suit and $0.98 if it loses. Ripple is still awaiting judgments from the courts, according to the defense attorney. JP Morgan's North America Equity Research report published earlier this month puts XRP in the spotlight, even stating the digital asset is poised for significant adoption. With a keen eye on the Indian economic ecosystem, Lavina Daryanani's writing predominantly revolves around crypto-happenings in the Asian markets. If we now assume that Ripple will be acquitted in the lawsuit, the XRP price could rise massively. WHAT WILL HAPPEN IF XRP WINS THE LAWSUIT? - YouTube Hive Blockchain (TSXV:HIVE) stock is down with the crypto market but ready for a BTC rebound. CryptoRank provides crowdsourced and professionally curated research, price analysis, and crypto market-moving news to help market players make more informed trading decisions. What are dividend stocks? Per the allegation, this personnel knew XRP was dangerously close to being considered a security under the Howey Test but participated in practices that make for third-party efforts related to the value of XRP assets. According to the accusations, the company concealed a significant security vulnerability in its blockchain software. "The complaint alleges that Ripple raised funds, beginning . adpushup.triggerAd("3c641f1f-86f2-4f65-9795-40e1fdd08537"); That seems unlikely in the current bear market. So, a win would benefit Ripple Labs. Even though it isnt very apparent which party has the upper hand, it wouldnt be wrong to claim that the pendulum is oscillating in the blockchain companys favor, for now at least. Make sure you check out otherXRP Rip. ChainRank Analytics O 2017-2023 | All trademarks and copyrights are the property of their respective owners, Easily manage your assets with our Mobile App, Track your wallet balances, view asset allocations, get real-time price data, and more. Its basically just status quo. If this happens, the agency would have cause to go after other projects on the block. What Would Happen to XRP if Ripple Wins the SEC Lawsuit? How has the XRP price moved in the last few weeks? That's an uptick of nearly 12% from its current all-time high of $3.40. What IF Ripple wins the lawsuit? How will this effect other projects The fact that XRP is falling less than the rest of the crypto market suggests that sentiment toward it is fairly bullish. Id like to hear takes from you all who Im sure have more knowledge on XRP than I do. So, it appears the SEC is likely losing the lawsuit against XRP. Cookie Notice This video is for . CryptoNewsZ predicts that XRP could rise to as high as $0.68 in 2025. Once the lawsuit is over, XRP will begin to be relisted on trading platforms like Binance, Coinbase, and Kraken; and then newly listed on places like Robinhood. The attorney was also quick to point out that his opinion needed to be taken with a pinch of salt because the ruling could possibly turn the other way too. Our goal is to help every Canadian achieve financial freedom. Forbes makes no representations or guarantees that the data, information, research, analysis, and software available on or via Forbes will be accurate or complete. Over the last month, XRP (CRYPTO:XRP) has been struggling. On Dec. 12, 2020, the U.S. Securities and Exchange Commission brought what crypto followers consider one of the most consequential enforcement actions related to the sale of cryptocurrency since the industry's inception. The cases soul, for now, resides in the aforementioned defense, for Ripple at least. However, they also predicted what could happen if Ripple loses the case against the SEC. Now XRP price faces resistance marginally below the 50-day SMA (Simple Moving Average), red, and the 100 SMA, blue. He clarified: The SEC only has jurisdiction in the United States, and in some ways How the world is operating right now is as if the case has been lost. You can email the site owner to let them know you were blocked. This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium service or advisor. Think of it as a Bloomberg terminal for crypto enthusiasts. Ripple Lawsuit Win Will Not Determine XRP Fate. This claim is built atop Ripple, Brad Garlinghouse, and Chris Larsens internal correspondence and marketing strategies. The mining sector makes up a large portion of Canadian stocks, with the TSX having more mining stocks than any other market in the world. Bitcoin Price Blasts Past $21K: Is It Time to Buy? The community, of late, has been against Ripple settling the case. Ripples native token XRP is hovering around the $0.47 mark after reaching a yearly high of $0.57 last month. This case will be closely monitored in the future, as it has a significant impact on the crypto space. A wide range of jurisdictions are also unsure or ambiguous about the status of cryptographic tokens, digital assets, and blockchain technology. Tanzsportclub (TSC) Pocking e.V. But how high can XRP price reach after Ripple wins the SEC lawsuit? The SEC v. Ripple lawsuit will most likely not be decided in court until at least August 2022 and possibly September of that year. XRP Price Prediction: Will Ripple's XRP Breakout After Lawsuit? Certainly, the good news would create an atmosphere of optimism that XRP would benefit from. Despite positive developments in the Ripple lawsuit, XRP (CRYPTO:XRP) is still going down. Ripple's SEC lawsuit started in late 2020, when the SEC filed a $1.3 billion lawsuit against Ripple, its CEO Brad Garlinghouse, and Executive Chairman Chris Larsen, over an unregistered sale of XRP. The judge ruled that both have until the end of October to file their amicus brief. From a technical perspective, XRP price is currently looking at a 45% move north if the double-bottom pattern plays out. The lawsuit against Ripple Labs Inc. has been dropped, according to a court filing. When Will Ripple Lawsuit End! What Happens To XRP If Ripple Wins! 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Even though the XRP market is currently volatile, it is still a valuable asset that may be worth more in the future.