Court Case With Ripple
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How to fill out Plaintiff's Pretrial Memorandum For A Bench Trial In A Patent Case?
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SEC's Motion to Appeal Loss in Ripple Case Is Denied A federal judge has rejected the U.S. Securities and Exchange Commission's bid to appeal its ground-shaking loss against Ripple, the crypto company associated with the XRP . XRP's price rallied about 5% on the news.
XRP Price Prediction Summary YearMinimum PriceAverage Price2023$0.30$0.412024$0.50$1.802025$1.50$32030$3$6
With no end in sight for the Ripple vs SEC case, but positive movement from Ripple's point of view, we predict XRP will finish 2023 above the support of $0.4710. Provided Ripple wins its case against the SEC, our XRP forecast predicts a price of $4.50 by the end of 2025.
The SEC has faced recent defeats in the case, including an unexpected ruling by Judge Analisa Torres in July that found that Ripple's sale of XRP on exchanges did not constitute an unregistered security, with the SEC's latest retreat signaling the saga is nearing its end.
U.S. District Judge Analisa Torres in Manhattan granted Ripple a partial win in the case in July, finding that sales of XRP on public exchanges were not unregistered securities offerings. Torres subsequently rejected a request by the SEC to appeal that ruling.