ripple signals latest updates in SEC case and surprising rise in XRP volume
It has been announced that a significant change has been made in the court date in the long-standing legal process between Ripple and the SEC. The announcement states that the SDNY Court will schedule next week with some changes to the calendar and the final pre-trial conference results. 16 April announced that it was received on . Announcement of this decision
Ripple, SEC settlement expectations in new meeting
After the announcement of the court calendar by the SEC, speculative news regarding XRP collective settlement came to the fore. The SEC’s expectation of a definitive solution against Ripple fueled expectations for potential solution options after the closed meeting last week. Solutions aimed at ending the process, especially with possible low penalties, were considered an important step in the increasingly complex litigation process.
In contrast, the SEC makes a more definitive and permanent demand and continues to insist on a claim for damages. History of criticism here 22 April It will happen because Ripple CEO has previously stated that he will announce an important detail at this moment.
XRP price outlook: Volume increased against 8 percent loss
While there was a significant loss of value in the cryptocurrency market as of April 13, XRP decreased by over 8 percent in the last 24 hours. In contrast, the trading volume of the altcoin increased by a surprising 156 percent, reaching 3 million. You can also use your own information to buy XRP, which can also be used as a cryptocurrency. In addition, the rapid rise was interpreted as an effect of the perception formed during the speculations and showed that the investor preferred XRP for short-term profit opportunities.
XRP Ledger and stablecoin launch
It is thought that the developments on the XRP Ledger had an impact on this increase in the volume of the altcoin. Ripple, which creates a positive atmosphere with its stablecoin launch, lending offer and openness to feedback on this issue, increases the confidence in the alternative asset with close optimism. Finally, the current XRP price was $0.5441 at the time of writing, gaining over 8 percent with general investors in cryptocurrencies.
This decline, which was considered a buying opportunity for many investors, required some to maintain their positions to stagnate. It is thought that high volume total value such as XRP will be gained in the upcoming bull run, especially after the Bitcoin halving.
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