- Ripple’s XRP verdict has increased market confidence, leading to a recent price spike of 5.51 %, although an SEC complaint could cause more volatility.
- Despite the partial court ruling against Ripple’s future, the confidence is still strong. The $10 price goal can be reached if the momentum continues.
MetaLawMan has suggested on a recent podcast that Scott Melker and the U.S. Securities and Exchange Commission will likely appeal against the new XRP regulations. ruling.
Before, Chief Legal officer tweeted:
It’s official. The Court rejected Ripple’s claims that it acted in a reckless manner and reminded SEC of the fact that this case was not about fraud, intentional misconduct or even negligence. financial Damage was caused. The Court dismissed SEC’s unreasonable demand for fines of $2 billion. The $125 million penalty imposed on certain historic sales made to sophisticated third-parties is respected.
Fred Rispoli Attorney and Litigator replied to the tweet.
The $125M fine imposed by the Court on certain historical sales to sophisticated Third Parties is respected.
“We respect the $125M fine the Court has imposed for certain historic sales to sophisticated third parties.”
Translation:
The Court ruled that what happened in the previous was illegal. The injunction will not affect our business operations. https://t.co/F0ijFJmgWS
— Fred Rispoli (@freddyriz) August 7, 2024
How soon will the XRP hit $10?
CNF has recently explained the reasons for this. post. the most recent development in the US Securities and Exchange Commission case with Ripple has had a significant effect on the XRP value. Ripple, should the SEC proceed with its appeal, is likely to file a counter-appeal. They will argue that the court decision regarding institutional sales and on-demand liquidity (ODL transactions) was flawed.
CoinMarketCap today reported that XRP prices have risen by 5.51% In the last week, the price has been at $0.616The market is regaining its optimism in anticipation of Ripple’s XRP judgment Sparks. Below is a price list.
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