FXOpen Executive Expects Ripple to Win Lawsuit, Makes Favorable Prediction for XRP.
With the series of new developments that have surfaced recently in the Securities and Exchange Commission (SEC) v. Ripple lawsuit, it is obvious that things are going in favor of the blockchain company.
Following the development, various financial and legal experts, including attorneys John Deaton and Jeremy Hogan, have given their opinions on the expected outcome of the lawsuit based on recent developments.
Natalia Zakharova, Head of Global Sales at FXOpen, leading retail and institutional FX broker, has made public her expectations of the SEC v. Ripple lawsuit in a recent interview.
According to the FXOpen executive, with the recent developments, she expects that Ripple would either win the lawsuit or that the case would end in a settlement in favor of the blockchain company.
“[…] Many leading academics from major universities have already publicly stated opinions that the [SEC] lawsuit is baseless and that Ripple will either win, or it will be settled in Ripple’s favor outside of the courtroom,” Zakharova said in an interview.
XRP Price to Surge
She added that once the case is concluded in Ripple’s favor there is a huge possibility that the value of the XRP will skyrocket moments after the lawsuit conclusion is made public.
“There is most definitely a possibility of its value accelerating dramatically [after a positive settlement has been reached],” Zakharova added.
Aside from the lawsuit, Zakharova noted that current global events may foster the price of the XRP to skyrocket massively.
Notably, current events happening in the world such as inflation, ongoing economic war could foster the widespread adoption of XRP and also cause an uptrend for the sixth-largest cryptocurrency by market capitalization.
Developments in the Ripple Lawsuit
Ripple recently recorded a major win after Judge Analisa Torres denied the Securities and Exchange Commission’s motion to stop Ripple from using the Fair Notice Defense.
The court also denied a motion by the individual defendants to have the charges against them dropped.
The ruling, which could have been considered a win for the SEC, caused further problems for the agency, leaving key documents like Estabrook’s notes and the 2018 Hinman’s speech unprotected by the DPP.
In a bid to protect the documents, the agency filed a motion with Judge Sarah Netburn, asking her to reconsider the ruling and not remove the DPP protection from the Estabrook notes and 2018 Hinman’s speech.
The upcoming ruling is considered one of the biggest decisions in the XRP lawsuit.