is ripple xrp still a good investment after such a price jump in the sec's cloud hanging over it what could happen to the price of xrp stick to the video till the end for the latest updates but first we are giving away 25 xrp coins at the end of the month to one random subscriber to start on their xrp journey all you need to do is like the video subscribe and comment on your thoughts on xrp in the comments section welcome xrp army for a while now xrp has been in the headlines since then it has been demonstrated that it can transfer or pay more quickly than bitcoin xrp is capable of settling a payment within four seconds and handling 1500 transactions every second most companies use it to settle transactions across borders with the fundamental aim of facilitating both fiat and cryptocurrencies all this hype could be the cause for which the sec has been in battle since then now having a look at the sec versus ripple litigation has been ongoing since december of last year with both the appellants attempting to persuade the court of their respective points of view every subsequent judgment has had a significant influence on the parties involved in the case's outcome until recently the court was dealing with a slew of motions despite ripple's objections the court finally agreed to allow the regulatory agency more time for submitting new discoveries the lawsuit has definitely been extended further as a result of this judgment and the discovery phase might end probably by october once xrp wins the lawsuit it will come back even stronger and the prices will skyrocket through the roof ripple has been through many problems but their consistency to not give up and fight through the storm has won people's hearts people worldwide are showing their support by not selling their xrp coins because they believe ripple will survive this too john deedon said of digital prospective research on hinman on the basis of my understanding of the current ether status ethereum network and its decentralized structure current supplies and sales of ether are not security transactions the report by hinman created a huge disorder with the ex-director's views contrary to the words of the regulatory body judge sarah netburn addressed ripple's request for producing internal documents from the sec in a telephone conference the case arose following the opposition by the regulatory agency to the idea that the internal documents of the sec including discussion of the agency about the nature of the xrp and ethereum are protected by the privileged deliberative process twice since the court considers those documents relevant to ripple's fair notification defense the judge has already rejected this argument the result of the hearing today could represent a significant win for ripple those documents according to ripple will expose the sec's contradictions in its decision making over the years proving the agency didn't give fair notice that xrp could be considered a security as judge sarah made it evident that it is essential to discover these documents for the suit to be established the judge was very annoyed the third time after rejecting the sec's arguments she hung the call and directed the agency to produce all the documents john just wanted to convey that if there's a fraud that you charge fraud and move forward after a 30-month investigation of ripple they could not come up with one claim of fraud or misrepresentation or market manipulation to the public and therefore they still decided though to charge the two executives brad garlic house and chris larson and they charge them with aiding and abetting in which the burden of proof lies on them as they believe that xrp was an unregistered security or that they were wrong from the very beginning because it is so obvious that it is unregistered security with that being said let's talk about what is happening in terms of the tokens price action the token's current price range is at its highest in three months a sharp change in its price action indicates that it is in a position of strength now let's take a look at the price of xrp from the beginning of the year to where it is now the token suffered significant losses due to the us regulatory bodies slamming the market for ripple and xrp and it wasn't trading well at the start of the new year 2021 however when compared to where it was in 2020 there was a significant difference xrp began its bull run on february 28 2021 at a price of 41 cents because the increase was gradual and steady the token was able to reach higher and more stable levels the token broke out from its key resistance at 60 cents on april 3rd 2021 towards its all-time highs after trading in a steady uptrend until april on april 14 2021 xrp hit an all-time high of 1.84 cents and it rose exponentially with incredible precision since then xrp has been attempting to maintain and break through the one dollar and thirty cents resistance level however on september 6 2021 the token overcame its significant resistance and reached and 38 cents because we already know that xrp is going to be a big deal once the sec issue is resolved anything below one dollar and 30 cents would be ideal for financial cartels the financial cartels are currently stacking buyers as much as possible at the same time the price remains around 1.20 to 1.30 cents in order to accumulate as much as possible before the price skyrockets later this month following the settlement or any other settlement in the lawsuit there are fair chances that xrp would bounce off from its psychological support at one dollar and be seen trading upwards as of september 11th the value of xrp is one dollar and 10 cents with a 24-hour trading volume of seven billion thirty one million three hundred two thousand six hundred twenty dollars the current coin market cap ranking is number seven with a live market cap of fifty one billion fifteen million twenty four thousand five hundred thirty dollars the crypto market is following the lawsuit many dilemmas are being caused in the mindset of investors so this seems to be a good time for investment ripple has successfully rallied and positioned itself in the world's top seven cryptocurrencies with its recent triumph over the sec case in the exchange of currencies xrp is the preferred choice for traders ripple also only offers restricted delivery of 100 billion xrp coins among which 46.5 billion xrp are in circulation in the future the scarcity of xrp will boost strong demand ripple's xrp token went up by 60 in just a week and exceeded 1.30 cents earlier in the third week of august this is its highest price level since the middle of may xrp was barred from many crypto exchange platforms due to the lawsuit filed by the sec including from binance once the lawsuit is done with xrp is going to be relisted in all the major coin exchanges it was removed from this is going to further positively impact the rise of xrp as the number one crypto out there ripple is a good investment opportunity and will be worth it despite its sec issues they believe that 2021 is the best year to invest in xrp because the prices are extremely low and by the end of 2021 it can reach an astounding 10 that is going to be a significant rise and could prove to be profitable to a lot of investors hence those of you are looking to make sustainable profits over a short period of time ripple is where you put your money into report data statistics and experts all have been pointing towards one common thing with the ripple prices skyrocketing in no time it is going to raise itself to the top cryptocurrencies globally according to the long-term ripple price prediction xrp has been identified as a bright game for optimism registering unambiguous gains with values in the four dollars to eight dollars range the most practical strategy is to anticipate a price level in the middle of these ranges xrp's future as an inexpensive and convenient digital asset could be triggered by widespread use in the long run the price might reach a minimum of six dollars with that we have come to the end of this video let's grow the xrp lab community by pressing the like button and subscribe let us know in the comments section if you invest in xrp also are you planning on buying this dip if you want to continue knowing about xrp we have two 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 and on a final note be aware that the 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 financial advice do conduct your own due diligence and consult your financial advisor before making any investment decisions [Music] you

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