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The SEC's (CRYPTO:XRP) lawsuit against XRP's (CRYPTO:XRP) creators continues. Ripple Labs recently requested a variety of things from the court hearing over the lawsuit, including:
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Relisting of XRP might come sooner than predicted if this analysis is correct and the SEC is not successful in appealing the DPP verdict.
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Despite the company's protests, Ripple officials have confirmed that the SEC prefers a jury trial.
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There is a bearish trend in the price of Ripple (XRP). It was on April 6 that the altcoin broke below the moving averages as it plummeted below $0.75. However, the upward correction was stalled below the 50-day SMA.
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As part of its case against the US Securities and Exchange Commission (SEC), a lawyer for Ripple believes that the regulator will soon be targeting crypto exchanges.
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The SEC's lawsuit against Ripple (CRYPTO:XRP) and two of its top executives is a significant development in the cryptocurrency industry.
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This morning, the price of Ripple (XRP) dropped below $0.8390, which is where it was this time last week. This is a problem for new investors and traders as the rally fades a little by little.
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According to an attorney representing Ripple in a case against the Securities and Exchange Commission (SEC), the government will soon pursue cryptocurrency exchanges.
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Investors were concerned about Ripple's (XRP-USD) price rising in the wake of Russia's invasion of Ukraine a few weeks ago. For reasons of Russia's banking sanctions, Ripple seemed to be a good bet to rise.
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In spite of the extensive history of the project, many people are still unsure of the connection between Ripple and XRP.