XRP Price Action XRPUSD 230324 Weekly Chart Daily Chart XRP hovered above the 50-day and 200-dayEMAs, sending bullish price signals. An XRP return to the $0.62 handle could signal a bullish move toward the $0.6609 resistance level. A break above the $0.6609 resistance level could give the ...
Ripple Labs CEO Brad Garlinghouse recently commented on the lawsuit by SEC against Ripple. He stated his belief that a court ruling would be delivered within a few weeks. The case has been on for a while now; as such, Garlinghouse’s statement that he anticipates a ruling soon is...
On October 2, the SEC indicated its intent to appeal the Court’s ruling that certain historical distributions of XRP by Ripple were securities. Importantly, the SEC appeal is not about whether XRP, in and of itself, is a security. The Court made that crystal clear when it ruled in Ripple...
In a significant development for XRP investors, federal judge Phyllis J. Hamilton from the United States District Court for the Northern District of California has certified a class of investors in the class-action lawsuit Zakinov vs. Ripple Labs Inc. The lead plaintiff alleges that Ripple violat...
Deaton’s petition ascribes a wide range of improper motives to Clayton, which this comment does not address. Regardless of why the lawsuit was initiated, it is clearly one of the most, if not the most, important crypto case filed to date, and it clearly poses the possibility of undesirabl...
The SEC Lawsuit Against Ripple On March 22, the SEC submitted to the Court their request for remedies against Ripple for its historic Institutional Sales of XRP. The SEC has asked the court for ~$2B which comprises: (1) ~$900M in disgorgement; ~$200M in prejudgment interest on the disg...
Q1 (and part of Q2 2022) Update on the SEC Lawsuit against Ripple On March 11, the Courtdeniedthe SEC’s request to strike Ripple’s fair notice defense recognizing that there is a serious question whether Ripple had fair notice that its distributions of XRP could be perceived to violate ...