. Ripple vs. Sec lawsuit He took an compelling turn. The recent development suggests that this long -term legal battle may end soon. Surprisingly, the price of XRP did not react positively to this development and instead crashed.
The price of XRP does not respond positively to the latest ripple vs. SEC development
Coinmarketcap data It shows that the price of XRP has failed by 6% and 24% respectively in the last 24 hours and seven days. The price disaster took place despite positive changes in the lawsuit about Ripple vs. Sec, including the US SEC decision to re -submit its Main Court Council, Jorge Tenreiro, to the IT department of the Agency.
This development is positive for Ripple vs. Sec lawsuit When Tenreiro managed the agency’s cryptographic unit and supervised lawsuits against Ripple and other cryptocurrency processes. After this move and re -allowing over 50 seconds of lawyers, cryptocurrency experts such as del Crypto speculated that the Commission could soon announce, which would mean the end of the claim.
As reported by bitcoinist, USA SEC It also reduces its efforts to enforce cryptocurrencies, reducing a special unit designated for this purpose. Indeed, he suggests that the commission is ready to abandon the ripple lawsuit and other activities related to cryptocurrencies, which according to the modern administration were wrongly implemented by Gary Gensler’s administration.
These changes are stubborn at the price of XRP, taking into account how the long -lasting Ripple vs process had a vast influence on this. Sec. Despite this, the crypto did not gather in response to these positive changes, which undoubtedly worries.
However, the probable explanation of the XRP price disaster in connection with these positive development of lawsuits about the frill is a bear in a wider cryptographic market. . Bitcoin price Currently, there are no critical support levels, which explains why XRP and other Altcoins crashed.
Meanwhile, the price of XRP could reach the potential end of ripple vs. Sec, since Donald Trump won the election. There has been speculation from Trump’s victory that the Commission would abandon an appeal against Ripple, especially considering the attitude of the president’s president and his nomination Paul Atkins as the role of the chairman of SEC.
XRP is still taking place in this bull
Despite the price failure of XRP and its lack of positive response to development in the lawsuit ripple vs. Sec, cryptographic analysts have suggested that XRP still has more space for the course in this bull. One of these analysts is the obscure defender who predicted that the crypto may Rally up to USD 8 Soon.
Cryptographic analyst Egrag Crypto Recently, he also revealed that the price of XRP reflects the model 2017. Based on similarities, the analyst stated that XRP may enhance by 1500% and collect up to 27 USD in the coming weeks.
At the time of writing, the price of XRP is around USD 2.29, which is a decrease of almost 7% in the last 24 hours, according to data with coinmarketcap.
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