XRP (XRP)
The argument for XRP’s likely surging has remained largely unchanged for years. XRP is a major cryptocurrency whose price is severely depressed by the long legal battle between Ripple and the SEC. Based on this assessment, it appears obvious that, should the regulator lose the fight in the next round of court battles, XRP has the potential to surge if the aftermath of the first case is anything to go by.
Though the argument is relatively old, it has been reinforced by several developments in the last 12 months. The most recent of these is that the SEC’s authority appears to be on a descent.
While far from a coup de grâce for the Ripple battle, the U.S. Supreme Court’s (SCOTUS) ruling against the regulator’s ability to use in-house rules has certainly hampered the SEC’s ability to prevail in future cases.
In general, the Commission is finding itself under mounting pressure, as Coinbase (NASDAQ: COIN) recently filed its own lawsuit against it and several other agencies, and Ripple has also been scoring occasional wins over the months. #Write2Earn!
