- The price of Ripple (XRP) climbed 2.26% over the past 24 hours and stood at $0.6875 as a result.
- A falling edge pattern has formed on XRP’s 4-hour chart, which suggests a bullish breakout may be in the cards.
- XRP was trading above a medium-term positive price channel on its daily chart and may rise to $0.8570.
The founder of CryptoLaw John Deaton outlined a scenario that would lead to a 99.9% win for Ripple in its long-standing lawsuit with the U.S. Securities and Exchange Commission (SEC). In an X post, the lawyer argued against claims stating that the SEC has a 50-50 chance of emerging victorious.
The people who’ve argued that the SEC got a 50-50 victory in the @Ripple case are wrong. It was more like 90-10 in Ripple’s favor. If Ripple ends up paying $20M or less it’s a 99.9% legal victory. https://t.co/Xe6SYBiTCJ— John E Deaton (@JohnEDeaton1) November 4, 2023
Instead, Deaton believes the odds are more 90-10 in favor of Ripple. This could even rise to a 99.9% legal victory if Ripple ends up paying $20 million or less as penalties, according to the lawyer.
XRP Current Market Standing
Ripple (XRP) is ranked as the fifth biggest cryptocurr…
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