XRP Sees Third Consecutive Week of Institutional Capital As SEC Case Against Ripple Weakens: CoinShares

A leading digital assets manager is reporting that institutional investors have been buying up XRP for the last three consecutive weeks. In its latest Digital Asset Fund Flows Weekly report, CoinShares says XRP's boost in institutional flows suggests that investors think the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple Labs is looking weaker.

Timeline of Xrp

Ripple whales have maintained their swifty moves as price action continues to suffer, but where will the whales lead XRP price this time? The post Ripple Whales Move $190M in XRP in 24 Hours, but What Are They Planning?

The latest Ripple analysis suggests a bearish trend for today and supports sellers as the price has undergone a considerable decrease since morning. Although the bears were in the winning position, a downtrend has been following the price since the start of today.

The SEC always believed that XRP is a security, and the agency was pretty confident about it passing the Howey Test. The Howey test determines whether a certain asset is an investment tool or not.

U.S. Securities and Exchange Commission (SEC), Ripple and defendants and the whole crypto community are waiting for the summary judgment in the XRP lawsuit. However, the Attorney covering the crucial case has dropped good XRP news for the community.

The XRP community's fan-favorite lawyer Jeremy Hogan has once again commented via Twitter on the current state of the court case between Ripple Labs and the US Securities and Exchange Commission (SEC). Hogan cited attorney John E Deaton, who represents over 75,000 XRP investors in the litigation.

Last week was an eventful one for Ripple as the San Francisco-based company saw its allies grow in the lawsuit against the US Securities and Exchange Commission (SEC), leading to speculation that the XRP might finally break out. The post Ripple Gains New Allies Against the SEC, Improving XRP Price Forecast  appeared first on BeInCrypto.

On Saturday (5 November 2022), American lawyer John Deaton, the owner of the Deaton Law Firm (which is based in East Providence, Rhode Island), explained why he believes it is wrong to claim that only Bitcoin can solve the problem of “instantaneous global micro transactions at scale”.

An insider pinpoints the SEC vs Ripple lawsuit concluding in March 2023 sending XRP prices to the moon Pressure continues to pile on the SEC with multiple parties filing to support Ripple in the lawsuit The SEC vs Ripple Lawsuit may be concluded in the first quarter of 2023 according to former federal prosecutor James

Support for Ripple Labs in its fight against the U.S. Securities and Exchange Commission (SEC) over xrp has grown, with 12 amicus briefs filed. “It's unprecedented,” Ripple CEO Brad Garlinghouse said, adding that each brief explains in its own unique way “the irreparable harm the SEC will do to every facet of the U.S.

The long running XRP lawsuit is right now in the Summary Judgment phase. However, the ruling might be affected as the US SEC was granted additional time to file a reply to the Amicus Briefs.