XRP Price To Soar? Ripple’s President Optimistic on SEC Case Win

• The XRP community is optimistic about its long-term prospects in light of the current regulatory scrutiny by the SEC.
• XRP price broke out of a multi-month logarithmic downtrend on Tuesday, exchanging around $0.42 during the early Asian market on Thursday.
• Ripple’s President Monica Long expressed her optimism for achieving positive resolution to the SEC case.

Ripple’s President Optimistic on Win Against SEC Lawsuit

Ripple’s President Monica Long has expressed optimism that the company will be successful in their lawsuit against the U.S. Securities and Exchange Commission (SEC). The legal battle could have major implications for XRP, as it may determine whether or not XRP is deemed a security by regulators, which would then impact how exchanges list and trade it.

XRP Price Sets New Course

The XRP community has been advocating for centralized exchanges like Coinbase Global to re-list the digital asset amidst regulatory scrutiny by the SEC. As the sixth largest digital asset aims to bridge the gap between traditional financial institutions and Web3 industry, XRP price broke out of a multi-month logarithmic downtrend on Tuesday after scaling to $0.49 during intraday trading session. According to crypto price oracles, XRP exchanged around $0.42 during early Asian market on Thursday, down approximately 9.8 percent in last 24 hours. As price retests January’s high and 200 DMA holds supportive position, XRP market is poised to rally further in coming days with bulls aiming beyond $0.54 as next significant resistance level. Over $8 million worth of XRP was liquidated in past 24 hours indicating rising trend ahead of SEC litigation verdict outcome.

Ripple Optimistic On Win Against SEC

In an interview with CNBC Wednesday, Long said she is “very hopeful” about achieving a positive resolution from the pending lawsuit against SEC due to facts presented before Judge Analisa Torres who presides over hearing this week end . She also pointed towards Europe leading way forward when it comes to providing clear regulations that enable crypto companies and traditional finance embrace crypto assets without fear of any legal conflicts .

Uplifting Regulatory Framework Needed

Long noted that United States lags behind when it comes to providing clear regulatory framework that allows crypto industry flourish without any legal limitations . This makes other jurisdictions attractive destination for blockchain projects , however there are certain risks associated with non compliant rules outside US , which makes it important for US lawmakers come up with laws supporting growth while protecting investors interests at same time .


The hearings between Ripple Labs Inc., its CEO Brad Garlinghouse and co-founder Chris Larsen versus U S Securities & Exchange Commission (SEC) started this week and will set tone for future of cryptocurrency regulation in America . At same time , bullish sentiment remains intact among crypto community as they anticipate win in favor of Ripple against regulator’s claims regarding sale & marketing tactics adopted by company .