Ripple’s Chief Legal Officer Is Bullish As Ever, an Analyst Predicts a ‘Imminent’ Breakthrough for $XRP


Wednesday (March 8) saw the price of $XRP defy gravity as most of the top 20 cryptocurrencies declined. A crypto analyst and trader based in Dubai highlighted why anybody who does not already possess $XRP should get it now.

When writing, 15 of the top 20 cryptocurrencies by market capitalization are in the red, including Bitcoin and Ethereum (in the past 24-hour period). In the meanwhile, $XRP is rising.

According to data from TradingView, on the cryptocurrency market Bitstamp, $XRP is now trading at about $0.3983, up almost 76.44% in the last 24 hours and 16.70% year-to-date.

“Crypto Michael” (@MichaelXBT on Twitter), a pseudonymous crypto analyst and trader, has lately been enthusiastic about XRP.

This is what he has said during the previous twenty-four hours: Ripple’s Chief Legal Officer, Stuart Alderoty, highlighted earlier today why, in light of the most recent judgment in the SEC’s continuing case against Ripple, he is more convinced than ever that Ripple will prevail:

“To be more precise, not only is the SEC’s expert on the “reasonable expectations of an XRP purchaser” excluded from the record, but so is the SEC’s expert who attempted to explain what “caused” the fluctuation in the price of XRP. On the other hand, our experts explain how Ripple’s contracts plainly vary from those in ‘Howey,’ and tax treatment of XRP (not a security), accounting treatment of XRP, and currency experts on XRP are all permitted to remain. As we have repeatedly said, we have always been confident in our case, and with each decision, that confidence has grown.”

Also Read: Judges challenge SEC argument during Grayscale’s first Bitcoin spot ETF appeal hearing

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