• Ripple vs. SEC Lawsuit: XRP Price Will Not Be Impacted By The Legal Battle
• According to Defender, the price of XRP skyrocketed to $1.96 after the SEC’s complaint was filed, which was a significant increase from its previous value of $0.17
• Defender predicts that XRP will become the World Reserve Currency, regulated by the IMF, BIS, and World Bank
The Ripple vs. SEC lawsuit has been ongoing for some time now, with the community eagerly awaiting the outcome. There is a lot of speculation as to what the result of the litigation will be, and many people are expecting a significant increase in XRP prices if Ripple prevails. However, according to Dark Defender, an XRP enthusiast, the XRP price will not be impacted by the outcome of the lawsuit.
When the SEC initially filed its complaint against Ripple, the XRP price dropped from $0.70 to $0.17. However, it then skyrocketed to $1.96, which Defender believes is proof that XRP is not affected by the lawsuit. Defender believes that this behavior is evidence of XRP being supranational and not constrained by any one country or its government.
Defender also predicts that XRP will become the World Reserve Currency, regulated by the IMF, BIS, and World Bank. This would mean that the SEC’s decision would not have any influence on the XRP price, but rather its reputation.
In conclusion, it appears that the XRP price will not be affected by the outcome of the Ripple vs. SEC lawsuit. It is clear that XRP is supranational, and if it becomes the World Reserve Currency, it could have a significant impact on the global economy. However, only time will tell.