Hey guys.
A hearing is expected today in the case between Ripple and the SEC to consider the SEC's arguments for levying a fine of up to $2 billion. The Commission insists that Ripple violated securities laws and is seeking an injunction against the company's operations as well as damages to investors. In turn, Ripple disputes these demands and considers them unreasonable. The outcome of the meeting may have a significant impact on the further development of the case and the value of the XRP token.
If the decision will be negative, the price of the instrument may test the zone of 0.44$, if the court decision or interim decisions will be positive, in this case the price may return to the zone of 0.6-0.65$.
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Stay tuned.
