Posted 2/5/2024, 9:54:13 AM
Ripple Faces Legal Heat as XRP Trades Sideways Ahead of Court Deadline
- XRP price trades sideways around $0.50 ahead of Feb 12 deadline for remedies discovery in SEC vs Ripple lawsuit
- SEC filed motion to compel Ripple to share more financial details; Ripple argues against motion
- Legal expert says Judge may rule on motion before Feb 12 and fine Ripple $10M to settle case
- Ripple likely to show institutional sales exempt from securities laws, per attorney John Deaton
- Technical analysis XRP could retest support at $0.468 before recovering towards $0.696