PrimeXBT Lead Analyst Kim Chua: Lawsuit Upper Hand Sends XRP Price Rising
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Last Updated: 13 April 2021
The price of XRP has rallied sharply recently on the back of positive developments pertaining to the SEC lawsuit with Ripple.
The latest update on the Ripple lawsuit seems to be giving Ripple the upper hand. Thus far, US judges seem to agree with Ripple more than with the SEC. This became especially clear after the March 23 hearing where 2 significant events advantageous to Ripple sent investor confidence in XRP soaring.
First, the judge of the lawsuit, Sarah Netburn, was observed to have suggested that the XRP cryptocurrency is more like a currency than a security.