- Jeremy Hogan, an advocate and advocate for the Ripple community, says the SEC’s case against Ripple is coming to an end.
- There is little possibility of an extension of the case and experts predicted that April 2022 would be the end.
- Analysts are trending higher on Ripple price rally, as they set a target of $27 for XRP.
Attorney Jeremy Hogan of the Ripple community believes that the SEC’s lawsuit against the payments giant could be over by April 2022. This has fueled the bullish narrative for Ripple’s price.
SEC vs Ripple case may expire soon
Hogan, a US supporter and legal advisor for the XRP2 project, believes that the case may soon be over. Brad Garlinghouse, CEO of Ripple, hopes the Securities and Exchange Commission (SEC) case will be closed in April 2022.
The CEO of Ripple spoke in an interview with CNBC, where he briefed users on the global payments company’s progress in 2021. Garlinghouse said,
We are seeing good progress despite the slow judicial process.
Judge Sarah Netburn authorized the dismissal of former Securities and Exchange Commission official William Henman in July 2021. Supporters believe the court’s decisions are going in Ripple’s favour so far. The expert discovery date in the SEC vs. Ripple case is set for January 14, 2022.
The SEC and Ripple have submitted a proposal to push the discovery to mid-January 2022.
Bitboy_Crypto, a crypto analyst, trader and educator, has predicted a sharp rise in the altcoin price as the SEC vs. Ripple case nears its end.
The analyst tweeted:
Analysts at YouTube channel CoinsKid are bullish on the price of Ripple. Analysts are looking to continue the altcoin’s upward trend and set a target of $27 based on their technical analysis.
FXStreet analysts believe that the price of Ripple may provide a long opportunity for investors at $0.87.