XRP Price Prediction as Ripple Announces New President while SEC Lawsuit Decision Approaches – XRP Pump Incoming?

The XRP price has dropped by $0.400093 in the past 24 hours, representing a fall of 3% as the market as a whole dips by only 1%. The current price marks a 0.5% in a week and a 15% gain in the last 30 days, with XRP doing very little in response to the news that Ripple has appointed a new President, long-time employee Monica Long.

Timeline of Xrp

The crypto world continues to closely follow the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). After both parties filed their respective summary briefings, the fate of Ripple and its XRP token remains uncertain.

In a piece of news that went undetected within the crypto community for a few days, the Southeastern European country of Montenegro has announced a partnership with Ripple. The country's prime minister, Dr. Dritan Abazović tweeted about the pilot project with Ripple already on January 18, 2023.

Key Points: As the Securities and Exchange Commission's (SEC) case against the payments network nears its conclusion, Ripple Labs has appointed a new president. Monica Long, the company's senior vice president and general manager, will be promoted to president, according to a new company blog post.

Recently, Dr. Dritan Abazović, who has been the prime minister of Montenegro since 28 April 2022, reported on his meeting with two executives from FinTech firm Ripple. Montenegro is a small country in Southeastern Europe, which is a part of the Balkans.

Ripple Labs has announced a new president as the U.S. Securities and Exchange Commission's (SEC) lawsuit against the payments platform nears a conclusion. In a new company blog post, Ripple says that Monica Long, the firm's senior vice president and general manager, will be promoted to president.

CryptoLaw founder John Deaton believes that the final and most aggressive push to shut down crypto might soon be witnessed in the wake of the White House's statement on mitigating risks associated with cryptocurrencies.

XRP is the sixth-largest cryptocurrency by market capitalization and has been on a roller coaster ride in the past year. With its price going up and down, many investors are wondering what the XRP price prediction will be and if can it reach the $5 mark this year. 

Key Points: The chief technology officer of Ripple, David Schwartz, continues to believe that Satoshi Nakamoto, the person who created Bitcoin under the pseudonym, was more of a group than an individual. The debates began when Mr.

Brad Garlinghouse, the CEO of financial technology company Ripple Labs, has expressed confidence in the SEC vs Ripple lawsuit being settled this year, noting that a final ruling might come before June 30.

On Thursday (26 January 2023), Jeremy Hogan, a partner at the American law firm Hogan & Hogan, who has been closely following and commenting on the U.S. SEC's lawsuit against Ripple, explained how the XRP Ledger (XRPL) could work with central bank digital currencies (CBDCs).