Ripple XRP: Are You Ready For THIS? (XRP Price Will Skyrocket OVERNIGHT!)

XRP is going to the moon, and here's why:
since the start of the SEC lawsuit, the price of XRP has been bearish. But recently, this crypto is witnessing a
bullish trend which signifies an important news update is about to happen. Rumor has it that the SEC and Ripple are working
on a settlement, and the crypto company will get away with a slap on the wrist. If that happens, XRP's price will skyrocket
overnight. And that's not all! We have a lot of news lined up for you today,
so stick around to the end of this video. Hello guys, and welcome to Money Side, your
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Don't forget to hit that like button if you
found this video engaging and informative. To start us off is this article that was posted
on forkast.news which states, 'Underscoring the growing importance of instant-messaging
and online chat rooms in the workplace, the U.S. Securities and Exchange Commission has
gone back to court in its lawsuit against Ripple Labs — this time, to demand access
to more communications between Ripple employees on Slack, a popular chat and messaging application
used by businesses. In a letter dated Aug. 9 to U.S. Magistrate
Judge Sarah Netburn, SEC attorney Jorge Tenreiro complained that a "massive quantity" of Slack
data from Ripple was missing from discovery and that the SEC was entitled to see those
messages.

According to the SEC, Ripple failed to properly
collect and review the Slack messages of 33 people whose workplace communications both
parties previously had agreed to search through and share with the other. The messages include direct messages, multi-party
instant messages and chat messages posted on public channels open to all Ripple employees
— information the SEC says could be vitally important for the agency to build a complete
and accurate record for summary judgment and trial. "Ripple agreed at the outset of discovery
to search for and produce responsive Slack data but now, in the waning days of fact discovery,
suddenly refuses to do so on the basis of Ripple's mistakes in gathering that data,"
Tenreiro wrote. "Yet the relatively few Slack messages Ripple
has produced have yielded critically important information — not contained in emails or
other documents — that the SEC has repeatedly used in depositions to refresh Ripple's employees'
dwindling recollections." "Had Ripple properly searched and produced
all responsive Slack messages, the SEC would have almost certainly been able to refresh
the recollection of other deponents," Tenreiro added. Ripple's data error and refusal to produce
the documents were "highly prejudicial" to the SEC, which had already deposed 11 Ripple
witnesses using incomplete records of their communications, according to Tenreiro.

The wrangling over Slack messages is the latest
battle between the SEC and Ripple as their litigation slogs through its discovery phase
— the process of exchanging information, taking testimony and trying to fend off access
by the other side to gain legal advantages. Last December, the SEC filed a lawsuit against
Ripple alleging that the San Francisco-based payment company's sale of XRP was an unregistered
securities offering worth over US$1.38 billion. In the same lawsuit, the SEC also named Ripple's
CEO Brad Garlinghouse and executive chairman Chris Larsen as co-defendants for allegedly
aiding and abetting Ripple's violations. Why the Slack messages are important
Although Ripple had collected 82,000 Slack conversations, reviewed 7,054 of those and
produced 1,468 of them, the missing data consisted of well over one million messages, comprising
terabytes of data, Tenreiro wrote. "The Slack messages … are an information
set whose size eclipses that of Ripple's large email productions — corroborating testimony
that Ripple employees communicated at least as often by Slack as by email." According to the SEC, the Slack messages produced
show Ripple employees "discussing issues directly relevant to disputes at the heart of this
case," including "(a) discussions about Ripple's desire to create speculative trading in XRP… (b) the effect of Ripple announcements and
efforts on, and Ripple's concerns as to, the price of XRP… (c) the relationship and central importance
of XRP sales to Ripple's overall busines… and (d) the regulatory status of XRP." Ripple: Slack data collection 'burdensome
and disproportionate' According to email correspondence between
the SEC and Ripple's defense attorneys, Ripple already turned over private channel Slack
messages for all of the custodians.

But Ripple failed to disclose the direct messages,
multi-party instant messages and its public channel messages concerning XRP. Ripple has argued that the data collection,
review and production for all 33 custodians would be unduly burdensome and disproportionate
to the needs of the case. According to Ripple's defense attorneys, the
cost of re-collecting all of the Slack direct messages and multi-party instant messages
for just five of its key employees — CEO Garlinghouse, chairman Larsen, former CFO
Ron Will, former chief compliance officer Antoinette O'Gorman and former head of Xpring
Ethan Beard, former head of Xpring, a Ripple initiative to invest in companies — was
over US$70,000 and yielded nearly two terabytes of data. Re-collecting the Slack data for all 33 custodians
was likely to cost at least US$460,000, excluding hosting costs.

In his letter, Tenreiro said the SEC had agreed
to limit Ripple's Slack search to 22 designated "document custodians" — the 14 Ripple employees
deposed for the case plus eight individuals from Ripple's original email list — to reduce
the burden on Ripple. But Ripple only agreed to search the Slack
messages of Garlinghouse and Larsen and the direct messages and multi-party instant messages
of six others, resulting in the current discovery stalemate. Federal law prohibited Slack from providing
the SEC access to Ripple's corporate Slack account without Ripple's consent. The SEC had attempted to seek Ripple's consent,
but Ripple refused, according to Tenreiro. "Ripple should not be permitted to reap a
reward from its discovery mistakes and refuse, at the last minute, to search for the documents
it long ago agreed to search," Tenreiro wrote.' The SEC is clearly overstretching trying to
prove that there's evidence of foul play on the Ripple's side. But like I've told you guys, time and time
again, the SEC will likely not find any evidence to support their claims. Why? Ripple has been working closely with the government
and regulators ever since their launch.

But if the SEC finds anything, I'm sure it's
all because they want to have a bargaining chip when it comes to the settlement table. Another exciting piece of news that's worth
sharing is this one by Reborn013, where he tweets
'An entirely new economy is birthing as we move into this era of DeFi
There are soo many great opportunities now presented to us as early adopters of this
technology So spend the time & effort it takes to learn
how to capitalize on what is before you Knowledge + action = $$$’
Ripple is designed to change the whole crypto game forever. Banks and other financial institutions are
already opening up to the idea that Ripple offers faster cross-border transactions and
on-demand liquidity without any down-payment. Even though the banking tech team might work
hard to try and catch up with RippleNet, the fact that this system is years ahead of the
banking technology gives Ripple a head start. That means banks might try to replicate what
Ripple is doing, but they can never do it the same way. Once the SEC lawsuit is over, the mass adoption
for this network will begin.

Every banking company will look to Ripple
to provide them with their services and improve the existing cross-border network. Over time, almost every bank will be working
with Ripple. What does that mean? Any XRP holder will profit from this mass
adoption and will likely become the next big crypto millionaire. XRP shows signs of becoming the next crypto
king and will probably hold that title for a long while. That's because this coin hasn't shown any
signs of backing down without a fight. Unfortunately, the lawsuit only ended up exposing
the SEC instead of putting Ripple on blast. We are now close to the crypto regulations,
and most cryptos will likely fall during this period.

But not XRP. This crypto has been under the SEC's radar,
and it might be the only crypto will a sure chance of survival. So, in a way, the case with SEC will work
in favor of Ripple and XRP. When Ripple gets the regulatory clarity, no
one will stop them, not even the SEC themselves. Thankfully, Ripple has continuously worked
on improving its network, and they are about to launch new features, including the merge
with Ethereum and possibly an NFT platform. This crypto company is outperforming everyone
in the crypto space, and it will likely end up ruling them all. Without a doubt, we are witnessing the birth
of a new age in the crypto space. And that's all thanks to the strong backing
and the tech team behind Ripple.

That said, let's take a look at the technical
analysis. Now, we are looking at the 45-minute timeframe
perspectives. XRP is in a condition in which it can complete
decisive determinations especially with the formation I discovered. As when looking at my chart now we can watch
there the main formation forming here, this is an ascending-triangle-formation marked
with the blue boundaries in the structure, within this formation XRP has the coherent
wave-count from A to C already completed.

Now as XRP got rejected by the upper boundary
in an increased bearish manner this can be the fuel for the final completion of the formation. When XRP increases further with bearish pressure
here and finally closes below the lower boundary the whole formation will be completed and
XRP will likely continue bearishly to the downside till the lower levels will be appointed. In this case, XRP has the target-zone within
the blue level marked at the 0.715 price zone. Once these levels have been reached the situation
needs to be elevated anew and it has to be shown if XRP manages to hold this zone or
continues further bearishly to the downside, it will be an important development ahead. With that in mind, trade safely guys! Please keep in mind, We are not a licensed
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We’ll see you in the next video..

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