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XRP: RIPPLE COULD CLAIM ANOTHER WIN AGAINST THE SEC

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Ripple suspects will serve subpoenas on SEC officials

Judge Sarah Netburn, who is presiding over the SEC v. Ripple case, granted the payments giant's request to serve subpoenas to authenticate videos of public statements made by SEC officials.


Defendant will now serve two subpoenas on a total of seven SEC officials. Judge Netburn ignored the SEC's contention that the defendants were attempting to reopen the finding of fact. The result of the authentication of the videos is decisive for the defense of Ripple & thus points the way forward.


XRP (Ripple)

What does this mean for the XRP hodler?

Advocates do expect a positive outcome from Ripple’s attorneys’ subpoenas to SEC officials. If the officials authenticate the statements they made, it would greatly strengthen Ripple's defense against the regulator's allegations.


Ripple's likely victory in the SEC battle and the expansion of Ripple's on-demand liquidity platform favor XRP adoption. Analysts reviewed the daily chart and were forecasting a rise to around $0.41. Bob Mason, a leading crypto analyst in the industry, identified three extremely important resistance levels in the XRP price rally.


Mason argues that the first resistance lies at $0.3871, the second at $0.3986 and the third at $0.4167. If XRP price fails to clear the second resistance and drop to $0.3443, the bullish outlook will again be invalidated.


Rudy Fares, a crypto analyst, observed that XRP price has been consolidating between $0.30 and $0.40 for a long time. However, while other cryptocurrencies like MATIC brought holders massive gains, XRP lagged behind. Once XRP price breaks $0.40, it is expected to surge higher and rejoin the other altcoins in the market.


Cooperation with Coinbase & BlackRock?

All three companies (Ripple, Coinbase, and BlackRock) are based in the US, and industry experts see potential fruitful connections here.


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