🚀🚀Buckle up, BTC enthusiasts! Ripple (XRP) is making waves in the crypto world, despite the general market downturn. On July 12, XRP saw a 6% increase, reaching $0.47. This is a significant comeback from the one-year low of $0.39. 📈
The price surge coincides with growing optimism about a potential resolution in Ripple’s lawsuit with the SEC. The legal battle, which reached its trial stage in April, could see an outcome as early as this month, according to American attorney Fred Rispoli. 🏛️
However, the size of Ripple’s potential fine remains a contentious issue. The SEC initially sought a whopping $2 billion, accusing Ripple of conducting an unregistered securities offering via XRP sales. Ripple, however, insists on a sum no larger than $10 million. 💰
The lawsuit's outcome could have a significant impact on XRP's price. But remember, the legal process can be complex and lengthy, with potential appeals from both sides. So, keep your eyes peeled and stay tuned for more updates! 🕵️♂️🚀