After the strong close on Wall Street on Friday, the crypto markets also showed an optimistic outlook as Bitcoin and altcoins rose. Ripple The overall trend is bullish as XRP continues to be hoarded by crypto whales.
XRPIt is trading at $0.4725 with a market cap of $24.5 billion. Crypto whales have also been optimistic about XRP over the past few weeks, according to crypto analyst Ali Martinez. Whales bought 52 million XRP in the last 3 weeks, just over $22.9 million.
Ripple remains on the agenda due to its ongoing fight with the SEC. According to reports, the case is pretty close to a summary verdict. However, according to the latest news, one of the company’s advisors, Kylie Chiseul Kim, has decided to withdraw from the company.
Ripple vs SEC Case To Be Settled By July
The ongoing lawsuit between the parties was interpreted by Jerem Hogan. According to the expert, the solution to the case will come by July 2023. The attorney provided this response regarding CEO Brad Garlinghouse’s comment on the case. The CEO expects the case to be resolved in a few weeks. waiting.
The Judge in the Ripple case has been making major rulings about every 9 weeks (Sept. 29, Dec.19, March 6, May 16). And the only major ruling left is on Summary Judgment.
NEWS CONTINUES BELOWThat comes out to mid-July.
NOT a prediction. JUST a pattern. https://t.co/jUM5GNG7Th
— Jeremy Hogan (@attorneyjeremy1) May 25, 2023
The judge in the Ripple case makes important decisions about every 9 weeks (September 29, December 19, March 6, May 16). The only remaining important decision is the Summary Decision. This is mid-July. It’s not a prediction. Just one model.
You can follow the current price action here.