XRP Price Analysis: Bearish Momentum Hovers, Will Bears Take The Control Again?

In light of the state of the market, XRP price research reveals a small negative trend. Currently, the price of the cryptocurrency is $0.4545. Over the last 24 hours, prices have fluctuated between $0.45 and $0.47.

Timeline of Xrp

Coinbase has filed for permission to submit a brief in the Ripple case that argues the SEC has failed to provide adequate guidance for crypto. The post Coinbase submits amicus brief in Ripple case appeared first on The Block.

According to a Forbes report, some legal experts believe the agency (SEC) had entirely failed to establish its case against Ripple's XRP. Thousands of retail XRP holders who became involved in the case may have been a significant factor in this.

The month of October has played an important role in Ripple vs SEC. During this month Ripple gained the most awaited victory against Hinman documents as the court ordered SEC to handover the documents. During this timeframe various individuals and organizations have come forward to file Amicus briefs in the ongoing XRP lawsuit.

The Blockchain Association has drummed its support for payment company Ripple Labs in itstussle with the United States SEC. According to the group, the case could become integral for the crypto sector.

US-based blockchain company Ripple is likely to win the long war with the US Securities and Exchange Commission (SEC), say legal experts, arguing that the agency may have shot itself in the foot.

The long running legal tussle between the US SEC and Ripple saw many things turning around in the month of October. A good number of individuals and firms came forward to ask the court's permission to file Amicus briefs in the XRP lawsuit.

As Bitcoinist reported, the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is nearing its end in leaps and bounds. Both parties recently filed their motions for summary judgment after the end of the discovery phase.

The Blockchain Association joins a growing list of crypto lobbyists supporting Ripple in the case against the SEC Crypto Lobbyists take aim at the SEC's broad interpretation of securities laws which they claim are devastating to the crypto industry.

The United States-based crypto industry advocacy group the Blockchain Association has said it will stand with Ripple Labs amid its ongoing legal battle with the Securities and Exchange Commission (SEC), claiming the case could be very important for the future of the industry.

The ongoing battle between fintech firm Ripple and the U.S. Securities and Exchange Commission could be coming to a conclusion. However, the regulator's chances of a victory are growing slimmer according to legal experts.