The recent appeal by the U.S. regulator in its case against Ripple could prompt a more cautious approach to XRP in the short term, according to a crypto analyst. Although the appeal does not challenge the ruling that XRP is not a security, it requests a review of the court’s decisions concerning Ripple’s XRP sales on exchanges and personal sales by CEO Brad Garlinghouse and co-founder Chris Larsen. This ongoing legal uncertainty may contribute to increased price volatility for XRP, with potential fluctuations of nearly 50%, the analyst suggested. “XRP’s price is likely to fluctuate between $0.50 and $0.80 by
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Ripple CEO Criticized for Settling SEC Charges
Lawyer Fred Rispoli has openly criticized Ripple’s CEO, Brad Garlinghouse, and executive chairman, Chris Larsen, for settling part of the SEC’s charges instead of fully fighting them in court. Rispoli argues that Ripple missed a significant opportunity to defend itself, especially against the “aiding and abetting” claims. According to Rispoli, Ripple had a strong case, … Continue reading "Ripple CEO Criticized for Settling SEC Charges" The post Ripple CEO Criticized for Settling SEC Charges appeared first on Cryptoknowmics-Crypto News and Media Platform . CryptoIntelligence