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Ripple (XRP) Price Predictions: Where Will the Ripple Lawsuit Take XRP Next?

XRP Price Predictions: How Far Can New Partnerships Take the XRP Crypto?
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ripple (CCC:XRPYou can’t stop winning when it comes to your SEC lawsuit. The latest updates look positive for the crypto company and its XRP token. As a result, the XRP price forecast is now rising in preparation for a festive rally.

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Back in December, the Securities and Exchange Commission (SEC) took Ripple to court over regulatory concerns. Ripple works by executing contracts between users. Users convert their fiat currency into XRP tokens, of which there is a specified amount, before sending them to the receiver. There, the receiver can convert XRP to whatever command it desires. The SEC lawsuit claims that XRP is not a digital currency, but rather a security. Therefore, the sales of XRP by the company were unregistered securities transactions, in violation of SEC regulations.

As the bulls see, Ripple has been dumping the Securities and Exchange Commission on the issue, particularly over the past couple of months. Judge Sarah Netburn was also assisted. She stated in court that she did not agree with the Securities and Exchange Commission (SEC) regarding XRP as a security. It also allowed Ripple to access SEC communications in order to see how the committee defines security internally. Recently, the Securities and Exchange Commission blocked access to the financial records of the founders of Ripple.

With these updates, the value of the XRP token increased. Now, Ripple executives file to dismiss the case. Its lawyers argue that the XRP transactions in question are taking place on foreign exchanges, which gives the SEC no reason to stand by. Joining the filing are a number of critics who advise the Securities and Exchange Commission to withdraw and “avoid embarrassment.”

Finally, while the latest news on the Ripple lawsuit is favorable for XRP, there is another catalyst to watch. Next Queen Piece The IPO is prompting investors to rush behind a variety of cryptocurrencies today.

Ripple (XRP) Price Predictions as the lawsuit recedes

As the SEC lawsuit appears to favor Ripple, crypto enthusiasts are anticipating some strong gains for XRP. Let’s take a look at some of the XRP price predictions:

  • InvestingCube anticipates a significant rally in XRP if it can break the $2 resistance mark.
  • FXStreet wondering when the coin will see a correction. However, as the bullish swing continues on the back of the lawsuit, XRP could see another rally towards the $2 mark. Long-term speculation is referring to the price of $5.60.
  • PrimeXBT expects a near-term rally of up to $4.
  • LongForecast expects prices to reach $3.48 by December.

At the date of publication, Brenden Rearick did not (directly or indirectly) hold any positions in the securities mentioned in this article.

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