Altcoin News by Thebittimes.Com

The XRP price prediction remains neutral as investors remain uncertain about the ongoing Ripple vs. SEC battle. James K. Filan has reported that the SEC has taken no stance on applications to file amicus briefs by Philip Goldstein, Investor Choice Advocates Network (ICAN), and SpendTheBits in the ongoing Ripple dispute. In place of that, Filan imposes a single stipulation. The SEC wants to be allowed to file a reply brief in support of its motion for summary judgment on November 15 in case the motion is granted.  Phillip Goldstein, SpendTheBits, and the International Cryptocurrency Action Network have all said that they plan to file amicus briefs in support of Ripple in the ongoing dispute . According to SpendTheBits, Bitcoin transactions on XRP take only five seconds.  Amicus Curiae and Recent Developments Some people, both inside and outside the crypto community , have been making predictions based on the current state of affairs since things started to t...

The XRP price has risen by a 10.5% in the past 24 hours, recovering from the selloff it and the wider market experienced yesterday. At $0.500878, it has increased by a modest 1.5% in the past week but surged by 50% in a month, as investors increasingly come to expect a positive outcome to Ripple's legal case with the SEC. Ever since Ripple and the SEC filed separate motions for summary judgment, there has been an assumption that their legal tussle had entered its end phase, and that it will be only a matter of months before it culminates with some kind of settlement. If correct, this suspicion will provide the XRP price with a massive boost, and could help it surpass its existing all-time high of $3.40 in the following months. XRP Price Prediction – 3 Reasons Why XRP Can Hit $5 in 2023 In terms of XRP's chart, it has just formed a golden cross. This is when its 30-day average (red) crosses over its longer term 200-day average (blue), signalling bullish upwa...