Analyst Makes A SEC vs Ripple XRP Price Prediction, Tips the Best Crypto to Buy Now

Join Our Telegram channel to stay up to date on breaking news coverage

The $XRP price experienced an average comeback in May, fueled by Ripple’s chances of winning its lawsuit against the Securities and Exchange Commission. The cryptocurrency has a large group of followers, which could grow even more no matter what happens.

History of Ripple vs. SEC

The Securities and Exchange Commission (SEC) asserted in 2020 that Ripple had illegally raised more than $1 billion in 2013 by selling $XRP to investors in the form of an illegal securities offering.

In its subsequent response, Ripple argued that $XRP is not a security and that the SEC did not have sufficient prior notice. The SEC also gave a response by asking the judge for a quick hearing, and the court granted an extension to the SEC in June 2021 so that it could extend the date for publishing its internal crypto trading regulations.

#XRP Lawsuit Gets Potential End Datehttps://t.co/OQfVcWmn4P

— XRPcryptowolf (@XRPcryptowolf) May 31, 2023

In order to justify itself, Ripple Labs stated that “$XRP cannot be considered an investment agreement,” despite the fact that the business itself had never engaged in any type of investment contract with its investors in the first place.

In addition, the fact that $XRP is a virtual asset keeps it outside of the authority of the SEC. Monica Long, the president of Ripple Labs, was asked about the company’s position in a recent interview. In response, she stated that “both the facts and the law” are on the company’s side.

Hinman Documents Regarding $XRP

According to recent reports, the day of June 13, 2023, has been selected as the day on which the widely anticipated public release of the Hinman speech materials and emails will take place.

Susan Friedman, Ripple’s head of policy and one of the company’s most renowned executives, is currently concentrating on an important trial related to the cryptocurrency business prior to the public release of the Hinman documents.

This court proceeding is taking place before these documents can be released and made available to the public. The House Committee on Agriculture is organizing a hearing on June 6th, and the cryptocurrency market as well as Ripple executives like Susan Friedman are very excited about it.

The hearing with regard to “The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets” is going to look into the technical aspects of cryptocurrency markets while offering some direction that is much needed for the current cryptocurrency market.

$XRP market is making progress despite of SEC lawsuit

Since the 26th of May, $XRP, one of the most important cryptocurrencies in terms of market capitalization, has demonstrated outstanding growth, overtaking some of the other leading ten cryptocurrencies.

However, the majority of this increase can be attributable to the increased confidence of investors in regard to the pending disagreement between the SEC and Ripple Labs. See our guide to the best altcoins to buy here.

Ripple (XRP) has attracted an increasing amount of interest all across the world, despite the continued legal obstacles presented by the SEC’s case over Ripple Labs. According to the latest information gathered, the price of $XRP increased by about 3%, while the prices of most other major cryptocurrencies fell.

The price of $XRP has increased by 15% over the course of the last week as a direct result of the favorable trend, which may suggest that the forecast for the following month will be positive.

The case is still active and represents the cryptocurrency industry’s longest-running legal battle to date. The judge’s decision, on the other hand, appears to have reached a point where it is almost certain to be rendered, and the outcome is anticipated to be favorable to Ripple.

Keeping this information in mind, many owners anticipate a rise in the price of $XRP in the month of June as the result draws closer.

Ripple life after lawsuit

Several experts have asserted that Ripple just recently held a private “road show.” An initial public offering (IPO) roadshow is a type of marketing event in which a company and its analysts meet with interested investors to pique their interest in the company’s IPO.

According to what has been heard, each and every renowned institutional investment business on Wall Street took part in the roadshow that took place in April of this year.

On the other hand, a significant portion of the optimism over $XRP right now is dependent on the possibility of success in the action brought against the SEC. The reason for this is that a victory will create popularity, which may ultimately result in an enormous rise in demand for the $XRP token.

This has the potential to drive up the price of $XRP, which is essential for drawing in new investors and bringing additional capital into the chain.

Ecoterra: Actions for Building an Ecological Future

Considering $XRP is in a phase of noise, caught between bullish news and a possible long-term downturn, some traders have moved their attention to other cryptocurrencies that offer a larger chance for gain. Guide on how to buy Ecoterra tokens here.

There is also Ecoterra in this category. It is a brand-new presale venture, and at this point, they have collected $4.6 million in funding. Nevertheless, despite the fact that it is still in its infancy, the project has already accomplished a great deal.

The project is currently developing bonds with supermarkets, where they will place their recycling vending machines and where ecoterra users may go to recycle the items they have previously purchased. See our guide to the greenest cryptos to invest in here.

On the other hand, the well-known presale project continues beyond that. In addition to that, the project will additionally offer an impact tracker profile in order to enable businesses to show whether they are doing it in an ethical way and with consideration for nature. See our ECOTERRA price prediction here.