Will XRP Extend Its Uptrend to $1? đđđđ„
The XRP price chart has finally witnessed an increase in momentum. On the other hand, the expectation of a reversal of the trend is also increasing rapidly. The reversal rally is sparking a sharp bounce as Ripple successfully completes the rest of the $0.54 support zone.
SEC requests more time to prepare necessary documents for Ripple case. XRP price continues its bull run with bullish predictions from analysts and experts.
The altcoin price has jumped 10% in the last five days. Currently, the current market price of the altcoin stands at $0.5930. Based on price action, reversal of the uptrend above the zone
The case between the US Securities and Exchange Commission (SEC) and Ripple has been ongoing since December 2020. The case is expected to conclude with a hearing on April 23, 2024.
As the final hearing date approaches, both parties must comply with court rules and submit required documents on time.
Judge Analisa Torres, who presided over the case, ruled in 2023 that the SEC must submit its documents regarding remedies by March 13, 2024, and Ripple must submit its objection by April 12.
According to a recent filing, the SEC requested that the deadline be extended from March 13 to March 22. The SEC also asked whether Ripple would file its objection by April 22. It is claimed that Ripple accepted this request from the SEC.
The SEC argues that a possible postponement would provide sufficient time to more properly review the required documents and complete documentation regarding possible solutions and pathways.
Latest Situation in Ripple (XRP)
The latest developments in the Ripple-SEC case come at a time when the XRP price is on the rise. According to CoinGecko data, the XRP price increased by up to 6% in the last 24 hours and rose to $ 0.60.
