{"id":11198,"date":"2024-10-03T08:45:32","date_gmt":"2024-10-03T08:45:32","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=11198"},"modified":"2024-10-03T08:45:32","modified_gmt":"2024-10-03T08:45:32","slug":"xrps-fundamentals-are-still-solid-despite-secs-appeal-in-ripple-lawsuit-analysts","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=11198","title":{"rendered":"XRP\u2019s Fundamentals Are Still Solid Despite SEC\u2019s Appeal in Ripple Lawsuit: Analysts"},"content":{"rendered":"

TL;DR:<\/strong><\/p>\n

Nothing has changed for XRP\u2019s fundamentals, despite the SEC\u2019s appeal in the lawsuit between the two, claim analysts.
\nSome went further, predicting a decisive win for the Brad Garlinghouse-led company.<\/p>\n

<\/a><\/p>\n

Still Bullish on XRP<\/h2>\n

The legal tussle between Ripple and the US Securities and Exchange Commission is close to marking a four-year anniversary in December. The company is believed to have the lead, as it gathered a few important partial wins over the course of the battle, especially after this summer\u2019s decision by a US judge that it should pay a penalty of only $125 million instead of the $2 trillion the regulator initially sought.<\/p>\n

Many industry experts considered this to be the final nail in the SEC\u2019s coffin, but that hasn\u2019t been the case. The Commission, rather unexpectedly for some, decided to appeal<\/a> the court\u2019s decision yesterday, still insisting that XRP is indeed a security.<\/p>\n

The underlying asset\u2019s price tumbled immediately after news of the appeal broke, and currently stands with a 15% daily drop. It went from a daily high of $0.6 yesterday to $0.514 within less than 24 hours.<\/p>\n

However, several analysts and long-term Ripple supporters seem unfazed by the SEC\u2019s actions and the subsequent price crash for XRP. Dark Defender told their 110k followers that XRP\u2019s value is not determined by a lawsuit and that they should basically ignore the noise.<\/p>\n

The SEC appeal is a pure blunder and will separate the 1% from the entire population with a poor mindset.<\/p>\n

Nothing has changed for Ripple & $XRP<\/a>.<\/p>\n

The price is not dependent on this lawsuit, as we analysed before.<\/p>\n

Thank you Atty. Jeremy for the insights. pic.twitter.com\/LkQRJUkBii<\/a><\/p>\n

\u2014 Dark Defender (@DefendDark) October 3, 2024<\/a><\/p>\n\n

Buying More XRP?<\/h2>\n

Oscar Ramos is another popular analyst on X who is still bullish on Ripple\u2019s native token despite the SEC\u2019s appeal. After summarizing the events that transpired in the past day, he forecasted a win for the company and predicted another embarrassing moment for SEC Chair Gary Gensler.<\/p>\n

Additionally, he believes XRP doesn\u2019t have a security status under the current US regulations, which is why he said he bought more of the asset.<\/p>\n

IF You HOLD $XRP<\/a> I Got Breaking News For YOU
\n1. SEC Appeals Ripple Case
\n2. #XRP<\/a> Price DUMPS after notice
\n3. Everyone agrees Gary is a sore loser, Embarrassment
\n4. Ripple Will Win Again and Defeat BAD Actors
\n5. I just bought more XRP, here\u2019s what I did
\n6. XRP\u2019s status as a\u2026 pic.twitter.com\/ya8yRN4kdn<\/a><\/p>\n

\u2014 Oscar Ramos (@realOscarRamos1) October 2, 2024<\/a><\/p>\n\n

The post XRP\u2019s Fundamentals Are Still Solid Despite SEC\u2019s Appeal in Ripple Lawsuit: Analysts<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR: Nothing has changed for XRP\u2019s fundamentals, despite the SEC\u2019s appeal in the lawsuit between the two, claim analysts. Some went further, predicting a decisive win for the Brad Garlinghouse-led company. Still Bullish on XRP The legal tussle between Ripple and the US Securities and Exchange Commission is close to marking a four-year anniversary in […]<\/p>\n","protected":false},"author":0,"featured_media":11199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11198"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11198"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/11199"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}