XRP Battles for $0.40 as Bears Starting to Poak Their Heads (Ripple Price Analysis)

Ripple's price has been on the rise over the last couple of weeks following Bitcoin's rally. However, there are still significant resistance levels that should be claimed before a bullish shift in the market structure takes shape.

Timeline of Xrp

While Ripple is looking forward to a win in its ongoing case against the US Securities and Exchange Commission (SEC), its native currency XRP is finding its recovery phase. The altcoin is just a few cents below hitting $0.40.

Ripple CEO Brad Garlinghouse doesn't think the payments firm will reach a settlement with the U.S. Securities and Exchange Commission (SEC) in the lawsuit alleging XRP to be a security. Garlinghouse says in a CNBC interview that a settlement would only happen if the SEC clarified that XRP is not a security.

XRP News: The filings for the much anticipated Summary Judgment in the US SEC Vs Ripple lawsuit came to an end. The crypto community now awaits the judge's ruling which is expected to drive regulations around the digital asset market.

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) received a slightly different schedule update yesterday, according to U.S. Attorney and former federal prosecutor James K. Filan via Twitter.

Ripple CEO Brad Garlinghouse says that he is “optimistic” that the Securities and Exchange Commission (SEC) lawsuit over xrp “will certainly be resolved in 2023.” He added that it could even be resolved in the first half of this year.

While Ripple's conflict with the SEC persists, it appears that it has also encountered other issues. Let's see what's new with Ripple.  Ripple CEO reveals exposure to FTX!  In a recent fireside discussion on CNBC's Tech Transformers at Davos, Ripple CEO Brad Garlinghouse revealed that the blockchain payments company had exposure to FTX.

Even though Ripple is still embroiled in its ongoing legal struggle, the CEO of the business, Brad Garlinghouse, recently brought up certain emails from the SEC while addressing them at the World Economic Forum.

OpenAI's text-based artificial intelligence (AI) tool ChatGPT has become popular due to its capability to respond to questions in a human-like fashion on a wide range of topics, including the legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC).

Brooks Entwistle, Senior Vice President of Global Customer Success, and Managing Director for Asia-Pacific (APAC) and Middle East and North Africa (MENA) at Ripple, has stated that the blockchain company is building its core business offerings outside the United States at a rapid rate.

CryptoLaw founder John Deaton shares that agreement to seal sensitive documents could spark Ripple and SEC settlement.  Deaton has previously opined that he expects the case to end with a court verdict.