![]() ![]() Most alts are also in the green, and XRP is outperforming the rest of the larger-cap ones once more. Bitcoin reacted quite well to the latest price drop two days ago and jumped to almost 20,000 in the past 24 hours. As of now, XRP is currently trading at $0.381, and all signs point to a month of significant volatility in the crypto market. Ripple is today’s best performer from the larger-cap alts following another win in the SEC lawsuit. The legal battles between Ripple and the SEC, and the SEC and Hodl Law, could have significant implications for the price of XRP, and traders and investors will be closely watching the developments as they unfold. However, oscillators are slightly in the ‘buy’ range, suggesting that there may be a reason for optimism.Īll things considered, March 2023 is shaping up to be an important month for XRP and the wider cryptocurrency market. If the court rules in favor of Hodl Law, it could have significant implications for the entire cryptocurrency ecosystem and could potentially push the price of XRP upward.ĭespite these potential positive developments, sentiment among the XRP community is currently bearish, with many indicating a ‘sell’ rating for XRP on summary gauges. The SEC has responded with a motion for dismissal, but the first hearing in the case is scheduled for March 13. The lawsuit asks the court to declare that Ethereum and its ETH coin are not securities. If the ruling is in favor of Ripple, it could have a significant positive impact on the price of XRP.Īnother event that could influence the price of XRP is a lawsuit filed by XRP community attorney Fred Rispoli of Hodl Law against the SEC. Ripple CEO Brad Garlinghouse is optimistic that a ruling will be reached in the first half of 2023, with some speculating that it could come as early as March. Bitcoins 13th Pizza Day: Reflecting on the Transaction that Changed Crypto History. The 8 Events That Shocked the Crypto World. The case has had a significant impact on the price of XRP, with fluctuations often occurring as a result of developments in the case. Conflux (CFX) Skyrockets 16, Bitcoin (BTC) Reclaims 27K (Market Watch) May 23, 2023. The two sides have been locked in a legal dispute for over two years, with the SEC alleging that XRP is a security that was sold illegally to investors. ![]() One of the most significant events that could influence the price of XRP is the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC). The Ongoing Legal Battle Between Ripple and the SEC Q1 (and part of Q2 2022) Update on the SEC Lawsuit against Ripple On March 11, the Court denied the SEC’s request to strike Ripple’s fair notice defense recognizing that there is a serious question whether Ripple had fair notice that its distributions of XRP could be perceived to violate securities laws. However, there is bullishness among XRP traders and investors, as several events in March could potentially push the token upward, provided they are not counteracted by negative developments. ![]() XRP has had a challenging few weeks, with its value threatened by a number of factors, including ongoing legal battles and macroeconomic developments. ![]()
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