XRP Ruling Marks Partial Victory for Ripple in Legal Case

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Gemini relists XRP in style - were prices affected?

This ruling marked a partial victory for Ripple in an ongoing legal case that originated in December 2020 and led to the initial delisting of XRP from these exchanges.XRP’s relisting had little impact on daily active addresses and 24-hour active addresses. As of this writing, the daily active addresses were over 60,000, while the 24-hour active addresses hovered around 197,000.

The surge in trading activity is likely to result in a substantial rise in Ripple’s trade volume, consequently affecting its price.exhibited a stable position within the $0.6 price range. As of this writing, it was trading at approximately $0.62, reflecting a minor decrease of less than 1%.The short Moving Average continued to function as a support level at press time, with the price maintaining its trajectory above this line.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC's Appeal Raises Concerns About XRP's Path to $1The SEC's decision to appeal the court's ruling on XRP raises questions about the token's potential disruption. Previously, there were predictions of XRP surging to $1, but it has not met those expectations. If the appeal goes in favor of the SEC, it could have a negative impact on XRP's value and the activity on the XRP Ledger. The appeal's outcome may decrease the daily amount of XRPL transactions.
Source: CryptoAmb - 🏆 22. / 68 Read more »

SEC Lawsuit Against Ripple Labs to Proceed to Jury Trial in 2024The judge overseeing the SEC's lawsuit against Ripple Labs has announced plans to move forward to a jury trial in the second quarter of 2024. The trial will involve remaining charges against Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen. Previously, the judge ruled that XRP was not considered a security but approved certain charges to proceed to a full trial. The trial is expected to start between April 1 and June 30, 2024.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

SEC vs Ripple: Judge Torres issues Pretrial Scheduling Order. Details inside…On 9 August, Judge Torres released the Pretrial Scheduling Order for the SEC vs Ripple case to go to trial. Considering XRP's partial win in July, the altcoin's price action remained bleak and at the mercy of the bears. Will the coming days bring in some change?
Source: CryptoAmb - 🏆 22. / 68 Read more »

Court's Decision Could Impact Hunter Biden's CaseThe U.S. Court of Appeals for the Third District has thrown out the sentence of Patrick Daniels, who was found with marijuana and firearms in his car. This ruling could potentially affect Hunter Biden's case, as he has been charged under the same statute in Delaware. The Department of Justice may use this ruling to negotiate a new plea agreement for Biden. Legal experts believe that the Court's decision aligns with the Second Amendment, which does not include any exceptions or limitations.
Source: LegInsurrection - 🏆 3. / 95 Read more »