The countdown has begun in the Ripple-SEC war, what prices can Ripple (XRP), which is one step ahead in the case, rise if it wins the case?
Closely followed by the crypto ecosystem Ripple– SEC The case has evolved into a different dimension after recent developments. Judge Analisa Torres, of the SEC Ripple became the prominent name in the case after William Hinman refused his request for documents. This decision by Torres, directly XRP affected the price. XRP, which increased by more than 10 percent within hours, ended its silence for a while. The real question is, if XRP wins the case, what prices can it jump to?
Litigation, Ripple Takes Side Ahead
The Ripple front took another step to victory when the trial judge, Analisa Torres, responded negatively to the SEC’s request for the William Hinman documents. The SEC-Ripple conflict, which has been going on for months, has become a little clearer with this development.
The SEC, which has gradually increased its repressive attitude in recent weeks, was at odds not only with Ripple, but also with many different companies. The SEC, which went into chaos with the popular names of the industry such as Kraken, Coinbase, Justin Sun, continues to give crypto investors a hard time.
Recent Developments Move Google Searches to the Top
Ripple, which has a serious investor base both globally and in Türkiye ( XRP ), climbed to the top of Google searches. Especially in the last 2 days, searched on the internet ” XRP The word ‘is over the top. New developments related to the case in the past hours have had a direct impact on many data on the XRP side.
XRP, which has made a name for itself in social media and search engines, has managed to be among the most talked about coins of the last week. Not only XRP investors, but also many crypto enthusiasts following the litigation process seem to keep XRP on their toes.
Ripple (XRP) Overtakes Bitcoin (BTC)
in the last 2 days to bitcoinRipple, which experienced a rise of 11.38 percent against XRP ), a show of teeth to the leader of cryptocurrencies. Continuing its momentum despite BTC exhibiting volatile movements, XRP gave more confidence to its investors with this move. In addition, XRP, which was less shaken by the fall of BTC compared to other altcoins, continues to take a solid stance.
Starting from 0.0000155 Satoshi, XRP reached 0.00001728 Satoshi. XRP, which currently finds buyers at 0.00001700 Satosh, challenges not only the dollar-based, but also the BTC-based crypto market. The major coin, which gained a re-buyer following the testing of its 0.0001623 Satosh, has also created great expectations in the XRP/BTC parity.
Ripple (XRP) Can Reach These Prices With The Victory Of The Case!
The news of the victory of XRP from the SEC case may increase the current price many times. This war, which put an obstacle to the price movements of XRP in a way, has become a topic of discussion not only for XRP investors, but also for the entire crypto world. in the first quarter of 2023XRP, which gained attention by reaching an increase of 93.95 percent, almost overtook other major coins.
It would be more accurate to evaluate the big picture so that we can observe the price expectations in XRP. Looking at the XRP chart on the 1-week timeframe, positive news from the litigation process could break the $0.58 resistance and carry the price up to $0.918. The fact that XRP continues to stand out in the SEC fight may exacerbate these price increases.
After exceeding $0.918, $1,104 – 1,353 – 1,764 and $1,972 levels can be expected for XRP, respectively. The toughest collision of buyers and sellers for XRP will be in the $1,353 – $1,764 range. The winner in this price range will directly affect the future price movements of XRP.
On a weekly chart basis, the resistance at $1.97 is XRP’s biggest hurdle on its way to ATH. XRP, which made ATH with $ 3.30 in January 2018, may want to target these prices again if it exceeds $ 1.97. In particular, the XRP investor has increased his price expectation after the recent developments in the case.
Standing out with his articles on Conkolik and his work in the crypto ecosystem. Ekin Albayraksaid the following on the subject;
We are nearing the end of the Ripple lawsuit from 2020 over whether XRP should be classified as a security under US law. Earlier in the week, the SEC’s request to seal the Hinman Papers was denied by the court. The importance of this document is that in 2018, the former finance director of the SEC, William Hinman, made statements that Ethereum is not a security. Ripple’s acquisition of custodian Metaco and launching a CBDC platform for CBDCs and stablecoins shows this battle will continue. As you know, the year 2023 is witnessing the SEC’s very harsh and hostile attitude towards crypto money markets. The outcome of the case in favor will undoubtedly lead to positive results for both XRP and alt-genines.
Onur Göksungur, who came to the fore in social media with the crypto money analyzes he shared, expressed his views in line with the latest developments;
The XRP litigation process is the subject that I have been following for a long time. The issue is based on whether XRP violates securities laws. Despite the fact that the SEC wanted to show a serious sanction power within the ecosystem by winning the case, Ripple offered many arguments that the case was not a securities breach. We even know that Ripple’s lawyers have taken some steps towards the settlement, but the SEC has generally remained silent. It should also be noted that Ripple spent more than $200 million on litigation during the litigation process. According to John Deaton, one of Ripple’s lawyers, the lawsuit involves more possibilities than the dilemma of winning or losing – XRP being decided not to be a security and Ripple’s victory – XRP had some breaches early on, but today’s secondary sales of XRP are not securities. that it cannot be considered as a case – Sec wins the case, which he thinks is unlikely – either side failing to win the case and the outcome is left to the discretion of the Jury. The general view and expectation is that Ripple has a high probability of winning the case. Well, let’s look for an answer to what would be the price expectation in case of winning or losing the case for Ripple. In the bull wind that took place between 2020-21 and blowing in almost the entire crypto market, XRP was well below the expectation and became one of the rare coins that could not see its historical peak value. While this has been disappointing for XRP investors, it has also put a lot of pressure on it so far. I think that if XRP wins the case, this pressure will bring momentum that can break the historical peak of $ 3.3. A negative result is naturally likely to trigger a selling pressure by arousing a feeling of intimidation in the investor.
