A potential update in the ongoing #RİPPLE vs. #SEC lawsuit has $XRP holders speculating a price surge to $5, but legal experts urge caution. Attorney John Deaton warns that expecting an immediate jump is unrealistic, citing market uncertainty, regulatory hurdles, and technical price barriers.
Key points:
The #SEC seeks penalties against #Ripple for selling $XRP as an unregistered security.
#Ripple argues $XRP is not a security, and earlier rulings have slightly favored #Ripple.
Deaton stresses that even a positive ruling won’t guarantee a price spike.
XRP faces resistance levels at $1.30, $2.00, and $3.50.
Factors like institutional caution, global market pressure, and regulatory clarity will heavily influence future prices.
While XRP has long-term upside, immediate $5 gains are unlikely. Investors are advised to stay hopeful but realistic.
#RIPPLE Vs XRP