- James K. Filan, a defense lawyer, updated about the SEC vs Ripple case.
- Ripple opposed the Letter-Motion by “Investment Banker Declarant.”
- The defendant, Ripple reasoned that the Investment Banker Declarant has no compelling basis for asking the court to conceal their identity.
Informing the crypto community, James K. Filan, a defense lawyer, and former federal prosecutor, updated the SEC vs Ripple case. The defense lawyer tweeted that Ripple opposed the Letter-Motion by “Investment Banker Declarant”, which seeks to redact their declaration to prevent their name, position, and the employer’s name from becoming public.
Ripple sent a letter to Honorable Judge Analissa Torres of US States District Court of Southern District New York addressing that the Investment Banker Declarant voluntarily submitted their declaration in support of the SEC’s motion for summary judgment. Therefore, Ripple reasoned that the Investment Banker Declarant has no compelling basis for asking the court to conceal their identity.
While the Ripple vs SEC case still continues, many crypto enthusiasts and XRP fans believe that the final court judgment will be made this year, with Ripple becoming victorious.
XRP stands tall among the top 10 cryptos, with a price of $0.3845 while witnessing a surge of 3.21% in a week.
XRP price is over the 200 EMA line, indicating it is currently observing an uptrend. Meanwhile, 200 EMA seems to be strolling in the Support 1 region (0.3600-0.3660), making it a critical zone as the price could fluctuate.
Just two days into the uptrend, a golden cross was spotted as 50 EMA met the 200 EMA. However, if the price falls down to support 1 region, XRP will further dive into Support 2. If XRP touches Resistance 1, the market would observe the price to fly even more reaching the 0.500 zone in the long run.
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