Ripple Labs cites Voyager Digital ruling in XRP Vs SEC lawsuit

Ripple Labs has filed a new supplemental authority notice in the ongoing lawsuit against the US Securities and Exchange Commission (SEC) over the classification of XRP as a security.

Timeline of Xrp

XRP Price Prediction: defying the recent recovery phase in the crypto market, the XRP coin price has witnessed a sustained downfall for nearly two months under the influence of a falling wedge pattern. The altcoin bounced off the pattern's converging trendline multiple times indicating the traders are strictly respecting this pattern.

The number of whales on the $XRP Ledger has recently grown, at a time in which large investors have been aggressively accumulating the cryptocurrency, presumably anticipating a favorable outcome in the legal battle between Ripple and the U.S. Securities and Exchange Commission.

XRP SEC Lawsuit News: Ripple Labs on Monday filed a new supportive notice in the popular crypto market XRP Vs SEC lawsuit to Judge Analisa Torres of the US District Court Southern District of New York. This is in continuation to Ripple's fair notice defense.

XRP whales are becoming more active once more as the crypto market picks back up. They seem to have taken advantage of the small decline in prices to load up their bags over the last month, leading to a significant uptick in the number of tokens they hold on their balances.

Despite the recent rally in the global crypto market capitalization, Ripple's native token XRP remains stagnant at around $0.38. Recent on-chain data reveals that XRP whales have entered a selling frenzy, offloading nearly 30 billion tokens in the past week.

Attorney John E. Deaton has said that the emails and documents used for Bill Hinman's contentious 2018 speech at the Yahoo Finance All Markets Summit, often known as the Hinman documents, would eventually be made available to the public.

Crypto lawyer John Deaton has predicted that the controversial Hinman emails and documents in the U.S. SEC's lawsuit against Ripple will be made public. These documents include speech drafts and communications of former SEC director William Hinman.

The crypto community is eagerly awaiting the possible summary judgment date in the Ripple lawsuit fronted by the Securities Exchanges Commission (SEC). As a recap, legal experts had speculated that the matter might be determined in the first quarter of 2023.

Ripple's native token XRP, at press time, was the sixth-largest cryptocurrency in the world. It was created in 2012 to enhance global financial transfers and the exchange of various currencies.

Upbit, a major South Korean cryptocurrency trading platform, has announced it will support the latest airdrop for $XRP token holders in xCORE tokens. The airdrop is also being distributed to $SOLO token holders.