New developments continue to occur for the Ripple case. Judge Torres’ latest ruling exposes emails sent to Ripple executives Chris Larsen and Brad Garlinghouse. Torres gave Ripple the opportunity to respond despite dismissing the SEC’s fair warning defense; Ripple’s new strategic partnership announcements amplify the bullish outlook for investors. As Kriptokoin.com, we convey the details…
There has been a new development for the Ripple case
Judge Analisa Torres granted and partially denied defendants’ request to seal exhibits in the SEC and Ripple case. The parties believe that with the big decisions in the case, the case may become more interesting for Ripple. In particular, attorney Jeremy Hogan, who is an advocate for Ripple, believes the next few months could be interesting in the Ripple case against the SEC. The key decisions in the case are lined up with Judge Analisa Torres agreeing in part to Ripple and the individual defendant’s request to seal the exhibits.
In a recent update, Judge Torres requested three unsealed documents: notice of Brad Garlinghouse’s testimony in the SEC official investigation, Chris Larsen’s email thread, and Brad Garlinghouse’s email. Following an order for the public disclosure of documents submitted by both the SEC and Ripple, Judge Torres accepted a request to respond to statements made against the payments giant’s fair warning defense. Ripple applied for the response time on June 7, 2021, which Judge Torres set as the deadline of February 9, 2022.
Ripple is getting its investors excited with its partnerships.
The latest news of Ripple’s partnership with the pay-as-a-service modulr, the outcome of Judge Torres’ decision, has sparked a bullish sentiment among investors. DefendDark, a crypto analyst, evaluated the price trend for Ripple’s XRP and revealed that it is targeting a price of $0.90 in the altcoin price. This marks a 30 percent rally from the current price of XRP at $0.65. The analyst states that Ripple has formed a symmetrical triangle and the crossover support at $0.59 confirms a rally in the altcoin. Meanwhile, FXStreet analysts believe that the uptrend of Ripple (XRP) is limited to $0.70.
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