#XRP
Multiple projections expect XRP to soar to greater heights on the back of the final resolution of the Ripple v. SEC legal battle.

Recall that payments firm Ripple and the U.S. Securities and Exchange Commission (SEC) recently witnessed the end of their nearly four-year-old legal tussle. Notably, the SEC charged Ripple for allegedly violating securities provisions with its sales of XRP in December 2020.

Ripple Secures Partial Victory
After three years of constant legal arguments, the judge ruled last July that XRP in itself is not a security. In addition, the court found that Ripple did not violate securities laws for most of its XRP sales, as the SEC alleged. However, it was decided that the firm only broke the law through its previous sales to institutions.

Since last tear, both parties had presented their arguments on the appropriate penalties for this violation. Judge Analisa Torres recently ruled that Ripple should pay $125 million. While this figure is 94% less than the $2 billion fine proposed by the SEC, it is nearly 12 times more than Ripple’s $10 million proposition.

Nonetheless, Ripple executives such as CEO Brad Garlinghouse see the final ruling as a victory. XRP skyrocketed 30% beyond $0.64 on the back of the decision, partly confirming speculation that it could reach significant heights once the lawsuit concludes.

Despite facing a roadblock to the latest solo rally, XRP has maintained a green week, performing better than the rest of the market. With the asset currently changing hands at $0.6197, market participants insist its upsurge has not been exhausted.

Possible XRP Price Trajectories Following Lawsuit Resolution
Amid these speculations and the prevalent uncertainty, The Crypto Basic recently posed inquiries on the possible extent of XRP’s rally to AI chatbots ChatGPT by OpenAI and Grok from Elon Musk’s X platform. While both chatbots provided varied answers, some were more optimistic than others.

ChatGPT emphasized that projecting XRP’s growth rate in the back of the ruling remains speculative and challenging. However, the chatbot pointed to several factors capable of bolstering XRP’s run. These include institutional adoption of XRP, increased partnerships for Ripple, growing XRPL use cases and positive market sentiments.

XRP Price Prediction | ChatGPT
ChatGPT presented three possible scenarios, citing these factors. For the “moderate growth” scenario, the chatbot predicted XRP to hit a price range of $5 to $10. However, in the “significant growth” scenario, ChatGPT expects XRP to reach $10 to $20. Meanwhile, the “parabolic growth” scenario presents a case for XRP to hit $50 or more.

While ChatGPT’s projections all consider favorable scenarios, Grok also points to unfavorable outcomes. According to Grok, if XRP witnesses increased adoption following the conclusion of the lawsuit, its price could hit $10. Nonetheless, the AI chatbot asserted that if regulatory challenges continue, XRP could drop to $0.1.

XRP Price Prediction Grok AI
XRP Price Prediction | Grok AI
In the third scenario, Grok pointed to a moderate growth rate which would see XRP enjoy a mild increase in adoption. The chatbot expects XRP to reach $3 or above should this scenario materialize. However, it is important to note that XRP’s price trajectory might completely deviate from these projections.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

In a landmark decision, the court has significantly reduced the Securities and Exchange Commission's (SEC) demand from Ripple Labs, originally set at $2 billion, by approximately 94%. This decisive ruling acknowledges that the SEC had overextended its position, providing Ripple and the broader XRP community with much-needed clarity to move forward.

#### Respecting the Rule of Law

Ripple has always maintained respect for the judicial process, and this decision reaffirms our confidence in the rule of law. The court's judgment is not only a victory for Ripple but also a significant milestone for the entire blockchain and cryptocurrency industry. It underscores the importance of fair and just regulatory practices, setting a precedent for how similar cases may be handled in the future.

#### Clarity for Growth

With this ruling, Ripple can now focus on what we do best: fostering innovation and expanding our company. The reduction in the SEC's demand clears a major hurdle that has been looming over us and the XRP community. This newfound clarity empowers us to drive forward with our mission of revolutionizing the global financial system through the power of blockchain technology.

#### A Victory for the XRP Community

The court's decision also marks a significant win for the XRP community, who have stood resilient in the face of the SEC's headwinds. The ruling removes a substantial barrier, allowing the community to continue thriving and contributing to the growth and adoption of XRP. This victory reinforces the strength and unity of the XRP community, which has remained steadfast and supportive throughout this challenging period.

#### Moving Forward

As we move forward, Ripple remains committed to our vision of enabling instant, secure, and cost-effective global payments. This court decision propels us into a new phase of growth and innovation, free from the overreach of unwarranted regulatory challenges.

We extend our gratitude to our supporters and the broader XRP community for their unwavering belief in our mission. Together, we have weathered the storm, and now, we stand poised to achieve even greater heights.

### Conclusion

The court's reduction of the SEC's demand is not just a victory for Ripple; it is a triumph for the entire cryptocurrency industry and a reaffirmation of the rule of law. With this clarity, Ripple is ready to continue leading the charge in transforming the financial landscape, driving innovation, and delivering value to our community and partners.

Together, we celebrate this victory and look forward to a future filled with endless possibilities.

fortunes can be made and lost in the blink of an eye. Recently, a staggering $27 million was liquidated from a trader's account after they took a long position on Bitcoin (BTC). This significant loss highlights the inherent risks of trading with leverage in the cryptocurrency market.

A "long" position in trading is essentially a bet that the price of an asset, in this case, Bitcoin, will rise. Traders often use leverage, borrowing funds to increase their potential returns. While this can amplify profits, it also exponentially increases the risk of losses. In volatile markets like crypto, where prices can swing dramatically in short periods, the dangers are magnified.

When the market moves against a trader's position, and the value of their collateral falls below a certain threshold, the trading platform may trigger a liquidation. This process involves automatically selling the trader's assets to cover the borrowed amount, resulting in a potentially devastating loss. The recent $27 million liquidation serves as a stark reminder of this risk.

The cryptocurrency market's volatility can be attributed to several factors, including speculative trading, market sentiment, regulatory news, and macroeconomic events. Unlike traditional markets, crypto operates 24/7, which means that significant price movements can occur at any time, further increasing the risk for leveraged traders.

For those considering entering the world of crypto trading, it's crucial to understand the importance of risk management. Strategies such as setting stop-loss orders, diversifying investments, and using minimal leverage can help mitigate potential losses. Additionally, traders should only invest money they can afford to lose, as the market's unpredictable nature can lead to sudden and substantial financial impacts.

This $27 million liquidation serves as a cautionary tale, illustrating the high stakes involved in cryptocurrency trading. As the market continues to evolve, traders must stay informed, exercise caution, and employ sound risk management practices to navigate its turbulent waters.

🔴 Iran prepares a possible attack on Israel on Monday. That's because of the assassinations of Fuad Shukr and Ismail Haniyeh (data from Axios)

🔴 UK has anti-immigrants protests. They were caused by the stabbing attack in northwest England by illegal immigrant from Wales.

The country divides into 2 parts; Elon commented, 'Civil War is inevitable'

🔴 US money supply breaks ATH. That means inflation is coming soon.

🔴 Trump thinks of paying off $35T country debt with Bitcoin. No one knows what will happen with that money. They may be sold right away!

🔴 Robert Kiyosaki is bearish about stock market, but keeps buying

🔴 US unemployment rate was released. People expected 4.1% level, but it was raised to 4.3%. Crypto showed red candles.

🔴 Analysts expect the growth in price of precious metals. JPMorgan predicts $36 per silver ounce (now it's $28.5).

That will be caused by higher demand. There are high chances that dollar inflation will appear, and people will start buying precious metals.

🔴 Warren Buffet's company Berkshire Hathaway holds $277B in cash, that's a record.

Only during Q2 did they sell stocks for $75.5 billion. And they don't stop.

Across 12 consecutive days, Warren sold shares for $769 million.

The reason for accumulating cash is clear: the company sees a risk in the market

What does it all mean for the market?

Nothing is going to improve. Wars happen. People and firms are selling. The US prints more money.

But we've already seen this uncertainty a few times

🔸 Covid-19 was declared a pandemic

That happened on 11th of March 2020. A day later, the price of Bitcoin crashed by -40%

The price went from $8,000 to $4,800.

The whole crypto market lost 39%, too.

🔸 Russia-Ukraine war

The price of Bitcoin didn't drop right away. But February 24, 2022 (the day when the war began) was a catalyst for the hardest crypto winter.

In 4 months after the beginning, the price dropped by 44% (from $37,200 to $21,200). And it took another 1.5 years to get back to $37k level

Conclusion

When uncertain things happen, people sell all their high-risk assets.

Stocks, crypto, everything! And they move money to some savings, like gold, properties or just stack the cash.

That creates an outflow in our Web3 market, so we go that deep.

We might not see any drastic changes during August yet. But believe me, if it's going to continue like this, in long term we might get to the crypto winter like it was during 2020 or 2022-2023.