.stedas XRP community expectant for three events, here's intriguing part XRPArmy XRPCommunity XRPHolders $XRP
community is eagerly waiting for three significant events:2) XRP reaching its previous ATH or breaking ATH and entering into a new price discovery phase😍In a tweet, he stated:"The XRP community is eagerly waiting for three significant events:1) Resolution of the Ripple vs SEC case: XRP is not a security 2) XRP reaching its previous ATH or breaking ATH and entering into a new price discovery phase 3) Gary Gensler getting fired."In December 2020, the U.S.
Ripple contests the claim and argues that XRP is used in its business to allow cross-border transactions between banks and other financial institutions and should not be viewed as an investment contract.The briefings for summary judgment were completed in the past year, and now the judge's decision is awaited. Ripple will have spent $200 million defending itself in the SEC lawsuit by the time it is over, as CEO Brad Garlinghouse stated.
There have been various predictions on the time frame for the resolution of the lawsuit. Ripple says it expects a resolution this year, although the timing is up to the court to decide. The community expects a favorable outcome for Ripple, with XRP deemed not to be a security.After rallying nearly 49,500% in the space of months, XRP rose to all-time highs of $3.18 in January 2018.
At the time of writing, XRP currently ranks as the sixth largest cryptocurrency, but its price remains undervalued compared to other major cryptocurrencies. XRP currently goes for $0.50. At its present price, XRP is down nearly 87% from its all-time highs. The XRP community predicts a comeback for the XRP price; CryptoLaw founder John Deaton predicts that FOMO might set in if XRP reaches $2.SEC chair Gary Gensler's leaving office would be an answer to the prayers of most stakeholders in the crypto sector, given the number of enforcement actions he has pursued since assuming office.
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