XRP’s price jumped over 3% on Friday just hours after Ripple Labs CEO Brad Garlinghouse said the company is dropping its cross-appeal against the US Securities and Exchange Commission (SEC) and expects the regulator to do the same.
The announcement comes a day after the US district court denied a joint motion from the SEC and Ripple requesting an indicative ruling to reduce a $125 million civil penalty and reverse an order defining primary sales of XRP to institutional investors as securities transactions under Article 5 of the Securities Act.
So. my analysis says it can hit 4$. Thoughts of experts...
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