Coin

<ul class="news-points">
 <li>A prominent XRP whale transferred 30 million tokens to an exchange.</li>
 <li>The digital asset lost crucial support at the $0.5 price level.</li>
 <li>The RSI indicator shows that the selling pressure is quite high in the market.</li>
</ul>
The protracted legal tussle between the Securities and Exchange Commission (SEC) and Ripple is nearing its final judgment as the two parties have submitted their briefs. Though the community anticipates a significant uptick in XRP’s price following the case settlement, the token is currently moving in a downward trend.
The legal issues surrounding Ripple and XRP can be traced back to the lawsuit filed by the SEC <a href="https://www.sec.gov/news/press-release/2020-338" target="_blank" rel="noopener noreferrer nofollow">alleging</a> the sale of unregistered securities. Following a series of developments, Judge Analisa Torres ruled XRP a non-security, securing a <a href="https://coinedition.com/ripple-ceo-brad-garlinghouse-is-overwhelmed-by-landmark-xrp-victory/" rel="noopener noreferrer nofollow">landmark victory</a> for the crypto platform.
Nearing the lawsuit’s conclusion, Ripple and XRP<a href="https://coinedition.com/ripple-and-sec-have-filed-their-briefs-judge-to-pass-verdict-lawyer-says/" rel="noopener noreferrer nofollow"> filed</a> their respective briefs in court. In the SEC’s response to the remedies brief, the regulators argued against Ripple’s statement regarding the certainty of XRP as a non-security. While the SEC demanded $2 billion in a settlement, Ripple claimed that the platform would not pay more than $10 million. … 
The post <a href="https://coinedition.com/ripples-xrp-experiences-dips-despite-legal-developments-an-analysis/" rel="noopener noreferrer nofollow">Ripple’s XRP Experiences Dips Despite Legal Developments: An Analysis</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ripple’s XRP Experiences Dips Despite Legal Developments: An Analysis

Coin Edition

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