Several analysts are counting on a SEC loss to Ripple after a long and tough legal battle. All that remains is to wait for the verdict of judge Torres, which they believe will benefit Brad Garlinghouse’s business. As we approach the outcome of this case, crypto investors see good signs everywhere. The good health displayed by XRP, the enthusiasm of whales for this cryptocurrency… says a lot on this subject.
Ripple and XRP, a model of resilience
Judge Torres recently ruled in favor of Ripple. She has just rejected the ” SEC motion to seal Hinman documents “.
We are not far from the publication of the verdict, whispered John E. Deaton a few weeks ago.
But verdict or not, Brad Garlinghouse and his team have decided to continue on their merry way. Details about Ripple’s expansion plans were revealed at the Dubai FinTech Summit.
According to ZyCryptoTHE XRP is doing well right now. If we compare its journey against Bitcoin and Ethereum during the month of May, this token would have benefited from the development efforts made by the Ripple team lately.
Last Saturday, analyst Ali Martinez revealed that whales kept buying XRP. In just 3 weeks, they have accumulated more than 52 million tokens, or approximately $23 million.
” Whales appear bullish on Ripple! They bought over 52 million XRP in the past three weeks, worth around $22.9 million. »
A new verdict date prediction
Aside from pro-crypto John Deaton, pro-Ripple lawyer Jeremy Hogan has also cleared his way a date as to the pronunciation of the verdict of the Ripple v SEC case. According to him :
” The judge in the Ripple case made important decisions about every 9 weeks (September 29, December 19, March 6, May 16). The only major decision she has yet to make concerns summary judgment. That brings us to mid-July. This is NOT a prediction. It is simply a trend. »
As for the evolution of XRP, some analysts have predicted its strengthening over the next few weeks. Dark Defender, for example, argued that this token developed by Ripple would reach $0.50 a piece in the next few days. And by August, XRP could trade at $1.3.
This kind of news makes XRP investors happy. If this bull rally comes with a court ruling that undermines the SEC, the victory will reverberate throughout the crypto universe.
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