- Jeremy Hogan, a proponent and lawyer in the Ripple community says the SEC vs. Ripple case is drawing to a close.
- There is a low probability of the case getting extended and experts have predicted April 2022 as the end.
- Analysts are bullish on Ripple price rally, set a target of $27 for XRP.
Attorney Jeremy Hogan of the Ripple community, believes that the SEC’s lawsuit against the payments giant could be finalized by April 2022. This has fueled a bullish narrative for Ripple price.
SEC vs. Ripple case could draw to a close soon
Hogan, a proponent and US legal counsel for XRP2 project believes that the case could draw to a close soon. Brad Garlinghouse, CEO of Ripple is hopeful that the Securities & Exchange Commission’s (SEC) case could close in April 2022.
The Ripple CEO spoke in a CNBC interview, updating users on the progress made by the global payments firm in 2021. Garlinghouse said,
We're seeing pretty good progress despite a slow-moving judicial process.
Judge Sarah Netburn had authorized the deposition of William Hinman, former SEC official in July 2021. Proponents believe that the court rulings are proceeding in favor of Ripple so far. Expert discovery in the SEC vs. Ripple case is scheduled for January 14, 2022.
Both the SEC and Ripple had filed a motion to push discovery to mid-January 2022.
@Bitboy_Crypto, a crypto analyst, trader and educator has predicted a spike in the altcoin’s price as the SEC vs. Ripple case draws to a close.
The analyst tweeted:
$XRP pump when no one is looking ♂️ ⏰ pic.twitter.com/o2EqsXu7mR
— Ben Armstrong (@Bitboy_Crypto) January 2, 2022
Analysts at the YouTube channel CoinsKid are bullish on Ripple price. Analysts are eyeing a continuation of the altcoin’s uptrend and set a target of $27 based on their technical analysis.
FXStreet analysts believe that Ripple price could present a long opportunity for investors at $0.87.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin holds $87,000 as markets brace for volatility ahead of April 2 tariff announcements
Bitcoin (BTC) holds above $87,000 on Wednesday after its mild recovery so far this week. A K33 Research report explains how the markets are relatively calm and shaping up for volatility as the market absorbs the tariff announcements.
Shiba Inu rallies as trading volume rises 228% amid increase in bullish bets
Shiba Inu price extends its gains by 8% and trades at $0.000015 at the time of writing on Wednesday, rallying over 15% so far this week. On-chain data shows that SHIB’s trading volume rose 228% in the last 30 days, bolstering the platform’s bullish outlook.
BTC, ETH, and XRP could face volatility as Trump’s “Liberation Day” nears
Bitcoin (BTC) price hovers around $87,000 on Wednesday after recovering 4% in the last three days. Ethereum (ETH) and Ripple (XRP) find support around their key level, suggesting a recovery on the cards.
BlackRock’s BUIDL fund launch on Solana platform while Fidelity files for spot Solana ETF
Solana price hovers around $142 on Wednesday after recovering by 7% so far this week. BlackRock’s BUIDL fund launches on the Solana platform. Fidelity files for a spot Solana ETF with Cboe.
Bitcoin: BTC stabilizes around $84,000 despite US SEC regularity clarity and Fed rate stability
Bitcoin price stabilizes around $84,000 at the time of writing on Friday after recovering nearly 2% so far this week. The recent announcement by the US SEC that Proof-of-Work mining rewards are not securities could boost BTC investors' confidence.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.