SEC Ripple DRAMA | Massive XRP Rally Coming! Will Ripple Win The Lawsuit? XRP to $500

is a massive xrp rally coming our way does that mean the prices are going to shoot up does this have anything to do with the ripple versus sec situation we are going to find out all about that in this video but first we are giving away 25 xrp coins at the end of the month to one random subscriber to continue their xrp journey all you need to do is to like the video subscribe and comment your thoughts on xrp in the comments section welcome xrp army let's grow the xrp lab community by pressing the like button and subscribe the ripple lawsuit is seen by many as a chance for more regulatory clarity in the space the presiding judge had recently pushed discovery back 60 days as requested by the securities and exchange commission with worries kicking in especially for the xrp community who have been counting the days until it's all over ninety-six percent of all sec cases in the past were settled before trial out of which sixty percent before litigation and ninety percent in discovery this fact only acts as a guide for what is coming and anything could happen the crypto community siding with ripple is waiting for an end to the lawsuit and one of its most popular members attorney jeremy hogan has been sharing his predictions in may mr hogan mentioned that if the sec's new chair gary gensler pulled back from the lawsuit and instead worked for more regulatory clarity which would happen until the end of that month but that didn't happen he said if we go into june with no settlement then this lawsuit has been adopted and supported by chairman gensler for better or worse if that is the case i predict no settlement until september at the earliest if there is no settlement and we go to summary judgment or trial i predict well heck i don't know do i look like a mind reader in the beginning of june mr hogan shared his idea on what a settlement between the scc and ripple labs would look like including the possible damages to the xrp market now that the judge pushed discovery back 60 days the lawsuit time frames have varied and jeremy hogan has changed his predictions too he said so i go back to my initial idea that no settlement will happen until the close of discovery could it settle before then yes i just don't think it's likely so any settlement is likely to be after at least the close of fact discovery and that is now early september and even more likely to be after october 16th what if both parties don't get into a deal then i believe the two main issues will be decided by judge torres at the summary judgment motions are supposed to be filed within 30 days of the close of discovery and that should be november 16th but responses to motions and sir replies could further push any summary judgment to an unknown date in the future i don't see the case being decided at summary judgment until early 2022 maybe january he said the two main issues mentioned above are ripple's fair notice defense and if xrp is a security or not regarding the fair notice defense the sec had recently told the court that a ripple win would nullify the howie test which is the benchmark that has come under scrutiny with the emergence of the digital asset class ripple has associated with rutgers law school to push for reform a ripple win on the fair notice could not only have a great impact on ripple and xrp but also on the entire cryptocurrency ecosystem as a whole and even partially defund the sec on the nature of xrp the sec has been saying that the asset is a security due to its centralized nature ripple on the other hand has kept suggesting new use cases for the ledger which is basically a sign of utility in march the judge dropped a bombshell in the form of admitting to xrp's utility which contradicts the sec's security argument sec commissioner hester pierce also known as crypto mom has recently mentioned what is the scc's intention when filing a complaint against a firm for an unregistered securities offering when we think about a crypto asset as being a security what we're doing is we're saying it's being sold as part of an investment contract it doesn't mean that the asset itself necessarily has to be a security it means that it was being sold as security in the same time a new competitor led by ex paypal and ripple staff has come up the algorithm powered six clovers this just goes to show how important it is for ripple to close this legal chapter with the sec the regulator however is capable of using this sense of emergency as leverage speaking of leverage on reviewing the last crypto crash in the role of leverage or margin trading in market volatility with an eye on ripples xrp if we look at the past price movement in the last year's price prediction for the xrp the coin was trading at the market value of 25 cents and with a market cap of nine billion two hundred six million nine hundred seven thousand five hundred sixty nine dollars in january 2020 later the ripple coin showed slight momentum and the price of xrp reached around its resistance above 25 cents till the starting of march 2020 ripple price went up and hit almost 150 percent of its starting price performance and was ranging at around 35 cents but it did not maintain it and started to drop thereafter when by the end of the quarter that is march and its price went down to 15 cents but in april 2020 ripple price regained momentum despite a pandemic outbreak over the globe and hit record prices not to be discouraged and it is still fighting pretty well to compete with top-ranked cryptocurrencies such as bitcoin eth litecoin etc and according to last year's xrp price prediction ripple cryptocurrency might continue to maintain its position and price range for the short term and that's why it is a good investment option according to all of these xrp price forecasts the majority of investors are sure ripple will not reach ten dollars soon but the price of five dollars is a realistic sum and that could happen soon eventually the value of five dollars will also represent 15 x roi which is quite possible after ripple won access to sec's internal documents it reflected tremendous price hike and even crossed the one dollar price mark in the last year wallet investors analysts xrp price prediction was that xrp price will cross 60 cents by end of the year 2021 yet it has already crossed the one dollar mark and is continuing further the recent partnerships and institutional support would impact ripple in a positive manner along with its price perspective xrp prediction for the price is anticipated to go as high as 1.90 and on the downside it might re-test the 60 cents price level ripple price has gotten support from some of the investment biggies and the number of partnerships and events with crypto industries showing that many believe in the currency and according to the recent xrp price predictions and its price movement it might mark a tremendous improvement by the end of the year unlike other major coins such as bitcoin and ed and cross its previous all-time high price of 3.84 cents looking at a long-term realistic xrp price prediction ripple price might record price improvement during 2023 as there will be a lot of advancements in partnerships in their plan ripple xrp price might reach somewhere around its previous all-time high at four dollars as per short and long-term technical analysis from various sources in ripple price prediction the cryptocurrency price might be around five dollars in 2024 as it was meant to replace most of the fiat currencies and if xrp adoption will happen then the coin might cause a bull run in the xrp price might skyrocket in the long term as per the ripple price prediction for the long-term xrp has been chosen as a bright game for optimism registering clear gains with prices within the four dollars and eight dollars vicinity however the most practical idea is to expect a midpoint of these price levels mass adoption can make the future of x rp an affordable and convenient digital asset the price may hit as a minimum average of six dollars in the long term around the next five years ripple is indeed a better investment option as the token has sustained minor losses compared to major crypto assets like bitcoin and ethereum in the ongoing retreat yet being popular mainly for its ripple net technology which is a bank to bank transfer mechanism enabling the key highlight of cross-border transfer ripple has been famous for that the same reason may do a lot of good to achieve a lot many gains on the exchange too for the coin xrp as the alliances and partnerships continue taking expansion to more nations a lot more can be expected from ripple in years to come do you invest in xrp let us know in the comment section below if you want to continue to know about xrp we have got two more videos waiting for you on the end screen to check out make sure to subscribe and give us a thumbs up thank you so much for watching see you in the next video before heading out kindly note that prices of cryptocurrencies frequently change so by the time you watch this video it might have changed to a whole new value the information provided in this video does not constitute investment advice financial advice trading advice or any other sort of advice and you should not treat any of the content as such the content in this video is for educational purposes only and hence should not be considered as financial advice do conduct your own due diligence and consult your financial advisor before making any investment decisions [Music] you

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