- The ruling that declared XRP is not a security was questioned in the courtroom on Tuesday.
- At press time, XRP was trading at $0.6950 following a 24-hour gain of 0.93%.
- The 9-day EMA line was attempting to cross bearishly below the 20-day EMA line on XRP’s chart.
Recent developments in the courtroom yesterday caused a ripple effect in the cryptocurrency community when Ripple’s legal battle took an unexpected turn in connection with the ongoing Terraform Labs’ lawsuit. In a surprising twist, the court overturned U.S. District Judge Analisa Torres’ previous ruling that Ripple did not violate securities laws by selling XRP.
While Do Kwon and Terra were at the center of attention, the focus also shifted to the Ripple and XRP saga. The SEC, currently pursuing a lawsuit against Terraform Labs and its cofounder, seized the opportunity to challenge Judge Torres’ ruling in the Ripple case, indicating that they may appeal the decision.
The news sparked an uproar, especially within the XRP community and among Ripple representatives. Stuart Alderoty, the crypto company’s chief legal officer, moved swiftly to clarify the situation. Alderoty emphasized that the recent …
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The post XRP Price Prediction: What to Expect in the Next 48 Hours appeared first on Coin Edition.