XRP Legal Drama Almost Over: Is a New Era for XRP About to Start?
The formal settlement of the long-running legal dispute between Ripple and the SEC appears to be imminent. As previously anticipated, the corporation will not submit its appellate brief on April 16. Instead, the two parties filed a combined petition a few days ago to hold the appeal and cross-appeal on their case.
This wasn’t a huge surprise, and it caused XRP, the native token of Ripple, to fluctuate in value very little. Chief executive officer Brad Garlinghouse had earlier said that the regulator had withdrawn its appeal against the company, calling the action a resounding victory.
Ripple Case Almost Over: Is This the Start of an XRP Bull Run?
The commission must now approve the final deal, which might happen soon. The SEC and Ripple will be able to complete the terms of the settlement and end the litigation, which has been pending since December 2020, if it is approved.
The native cryptocurrency of Ripple is now trading at about $2.12, a strong weekly increase of 22.08%. Analysts are still hopeful that there may be another pump coming. Ali Martinez recently made the assumption that XRP trades in an ascending triangle, with $2.22 serving as an important resistance. He thinks a rally to as high as $2.40 might be sparked by a breakout over that level.
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