Home News LAST Chance to Buy XRP at 40 cents! Here’s why…

LAST Chance to Buy XRP at 40 cents! Here’s why…

16
0


The crypto recovery is seen across most cryptocurrencies in the market. Today, XRP prices jumped by more than 10%, reaching the psychological price of 40 cents. Not only was it a matter of time, but fundamental backing helped in pushing prices higher. Where will XRP price reach? And what happened with the Ripple SEC lawsuit? All you need to know in this XRP price prediction article 😉

XRP

What happened with the Ripple SEC lawsuit?

Apparently, the case against Ripple might soon be revealed. The timeline should be around Q4 2022, as the last date to file oppositions for the motions for summary is around October 18, 2022. The replies to the opposition must be filed by November 15, 2022 latest. This means that soon after, we should be able to see who has the clearer advantage in winning the case.

Some analysts predict that a Ripple win would definitely be in favor of the XRP token, which should explode once the news surfaces. This will definitely bring trust back into Ripple. However, if the case was lost, XRP would be deemed a security in the US. Not only will Ripple have to pay a hefty penalty, but investors will lose their confidence in XRP as it will become just like a stock or a bond.