Ripple v. SEC court case update as of December 26, 2022

The crypto community is still awaiting the ruling in the Ripple and Securities Exchange Commission (SEC) case after initial rumors indicated the matter might be settled back on December 15.

Timeline of Xrp

XRP News: David Schwartz, Ripple CTO and Craig Wright, self proclaimed Bitcoin creator got into a war of words over BTC adoption by institutional investors. However, this heated conversation took a wrong turn toward the XRP token and its utility.

The 2022-end is approaching very fast, meanwhile, the tokens maintain their consolidated trend as Bitcoin prices fail to slice through the crucial $17000 levels. The fine accumulation which has slaughtered the volatility also has prevented the traders to induce significant volume, much required to rise above the bearish captivity.

A heated Twitter debate between Australian computer scientist Craig Wright and David Schwartz, Ripple's chief technology officer, has caught the attention of cryptocurrency followers

Given the market slowdown, XRP price prediction remains bearish, as it has broken through a symmetrical support level at $0.3735. However, XRP is now trading just below the double-bottom support becoming a resistance level of $0.3565. Will XRP break the $3 mark? Let's find out! 

The XRP price is trapped between a descending trendline and $0.316 support. As both these levels are bound to converge at a single point, the prices should eventually break out from either of the mentioned levels.

XRP News: XRP, Ripple's native token price on a constant decline despite receiving positive updates from the crucial legal battle against the US SEC. However, Crypto whales are utilizing this XRP price dip opportunity to move more tokens.

The former principal developer advocate at San Francisco-based payments firm Ripple is revealing that a key functionality is coming to the XRP Ledger (XRPL). Ripple insider Matt Hamilton responds to a claim made by an anonymous Twitter user that payments network XRP has no use case.

XRP is a cryptocurrency that was created by Ripple Labs, a financial technology company. It is designed to be used as a medium of exchange for financial transactions and is used by banks, payment providers, and other financial institutions to facilitate cross-border payments and settlements.

XRP Lawsuit News: The U.S. Securities and Exchange Commission (SEC) has again brought up the Hinman emails and related documents in the XRP Lawsuit. However, the SEC already lost its assertion over the doc and surrendered them to the Ripple and defendants.

San Francisco-based payments firm Ripple is launching a stablecoin project for the Micronesian nation of Palau. Speaking at a crypto conference in Singapore, Surangel Whipps Jr., the current President of Palau, says the island nation has numerous projects in the works that utilize crypto assets, including a government-issued stablecoin, as well as Binance Pay.