Ripple vs SEC case. Why Lawyers Are Predicting Settlement Amidst a Choppy XRP Price

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  • Lawyers expect the Ripple vs. SEC will soon end

  • XRP trades in a short-term ascending trendline

  • The cryptocurrency is seeing a breakout

Are you wondering when the Ripple case with the SEC will end? Probably too soon, according to Australian crypto enthusiast and lawyer Bill Morgan. Morgan’s arguments are based on the date of November 30 for the submission of the summary proceedings. The other date touted as important for the case is December 2. This is the date when both sides will meet to discuss the redaction of the case.

Based on his experience as a mediator, Morgan says a settlement is possible after these two dates. As of December 2, Morgan expects the documents to be made public on December 5. The lawyer says that the permanent agreement can be concluded without anyone knowing.

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The Australian legal expert is optimistic that the case will work out in favor of Ripple. According to him, owning Hinman’s speech documents gives Ripple leverage. He says the SEC could be forced to settle to keep the documents secret and stave off potential crypto regulatory ramifications.

Meanwhile, XRP maintains slow gains ahead of the important dates. The cryptocurrency had posted an intraday gain of 3.88% at the time of writing. Any small cryptocurrency news could trigger a key-level breakout.

XRP sees a $0.4 breakout as the price continues to rise

XRP/USD chart by TradingView

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A technical outlook shows that XRP is on a short-term bullish trendline. The cryptocurrency has been holding the trend for a while now. A potential breakout beckons at $0.4 if the bulls continue to pile up before the crucial dates of the SEC case.

The MACD indicator shows a bullish crossover with slightly improved momentum. The indicator remains in the bearish zone.

When to buy XRP

A breakout above $0.4 would pick up Buy XRP. With the clear uptrend, a breakout is a possibility, although not yet confirmed. We recommend that investors follow the most important level next to the developments that affect the case. On a breakout, XRP claims the next potential level at $0.45 and above, above $0.5.

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Where to buy XRP

eToro

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Bit stamp

Bitstamp is a leading cryptocurrency exchange that offers trading of fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company that offers users an intuitive interface, a high level of security for your digital assets, excellent customer support and multiple withdrawal methods.

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