Ripple price skyrockets after lawyer predicts next steps

Recently, the judge unlocked three sets of documents. Many XRP investors are wondering what could happen with the Ripple vs SEC lawsuit. Crypto Attorney John Deathon, dRepresenting more than 64,000 XRP holders in the case, he explained that there are two possible steps the SEC could take.

Lawyer representing XRP investors shares opinion

The new evidence included the deposit notice and emails from Ripple CEO Brad Garlinghouse. It also contained emails from Ripple director Chris Larsen.

Deaton suggests that it would be nearly impossible to to prove true correlation between the XRP price and Ripple’s public announcements. The attorney added that the SEC also needs to prove that Garlinghouse and Larsen sold the token in the United States.

The attorney questioned whether the SEC wants to claim that Ripple created the secondary market for XRP. He expects it to be a tough case for the Securities and Exchange Commission and that Ripple is in pretty good shape.

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XRP price rises by 13%

The price of the XRP token is up more than 13 percent today. The price is out above the upper bound of a sym triangle pattern on the 4-hour chart. That has caused a large price increase.

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Now, around the $0.75 mark, there is some resistance. If this barrier is breached forcefully, the bulls could target the January 12 high of $0.81.

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