FX Open’s Natalia Zakharova, a leading retail and institutional forex broker, told FinanceFeeds that Ripple is expected to win or be settled in Ripple’s favor.
The SEC vs. Ripple proceedings are currently awaiting a court decision on the SEC’s motion for retrial. Plaintiffs now claim that former SEC Hinman’s 2018 speech is public guidance rather than his personal opinion.
The 180 degree rotation is intended to convince Judge Saranet Burn to consider notes and emails related to Hinman’s speech to be protected by DPP.
Future decisions are said to be the “largest decision” in the XRP proceedings and may precede an upcoming reconciliation meeting hosted by Judge Netburn, who has seen all privileged documents. Mediation could be successful for Ripple and the SEC to reach a settlement in April.
SEC vs. Ripple settlement is considered to be a potential major trigger for the next price volatility in the XRP market. The market performance of digital assets has disappointed many who believe that the proceedings have caused hesitation in adopting XRP within the industry.
Cryptographic holders and investors may also refrain from buying or doubling their holdings. Delisting of XRP on Coinbase and many other US exchanges was also sacrificed.
Finance Feeds spoke with FXOpen’s Head of Business Development, Natalia Zakharova, to confirm her view of the potential turnaround caused by the XRP proceedings and settlement.
“Although not yet definitive, there is certainly controversy over the proceedings against Ripple in favor, and many major scholars at major universities say the proceedings are unfounded and Ripple wins. We have already publicly expressed our opinion that we will, or will be settled in Ripple’s favor outside the court. “
Regarding the price of XRP, Zakharova said, “There is no doubt that its value could accelerate dramatically as Ripple continues to build its reach and network around the world, making XRP the center of a larger economy.” Said. Digital assets are placed as the default digital payment currency that not only reduces transaction fees, but also acts as an intermediary between all other digital transactions.
FXOpen executives said the current event also added to the price of XRP, as inflation, stagnation and economic warfare could cause a surge in crypto demand, in addition to Ripple’s court success and expansion of the XRP network. We conclude that it may have an impact on. A natural favorite.
