These days the discussion about the case of Ripple and SEC is in full swing in Crypto Community. According to the latest reports, due to the recent changes in SEC, the matter seems to be moving towards the end. Some experts believe that if this case is resolved in Ripple’s favor, then XRP value Can reach $ 4, which will be more than its all -time high $ 3.84.
Changes inside SEC and signs in favor of ripple
According to the recent report, SEC is now decreasing its Crypto and Cyber Unit. According to the information, there were more than 50 lawyers and staff members in this unit. Now Jorge Tenreiro, who was earlier the Deputy Chief of this unit and was the prominent lawyer of the crypto affairs, has been transferred to the IT department. Tenreiro was involved in several cases against companies like Ripple and Coinbase and speculation in the market has intensified due to their transfer.
In addition, the report also reported that another lawyer has also been transferred along with Tenreiro, which was included in the Controversial Accounting Guidelines. Due to these guidelines, banks were having trouble giving custody services for digital assets. Regarding these changes, it is being speculated that SEC will no longer pave its appeal against Ripple. This is a big indication that SEC can now work towards ending this case.
Gary gensler’s shrink and Hester Peerce’s role
The incident took place after resigning from the post of SEC Chairman of Gary Gensler. Gensler promoted the policy of “enforcement by rules” against the crypto industry, which can now take a new twist. Now, SEC Commissioner Hester Peerce, Crypto Activity Pressure launched by SEC He is also the head of the recent statement. He said that the purpose of this task force is to review crypto assets and activity, so that it can be known which assets come under security.
Peerce also clarified that if XRP is not considered as security, SEC’s appeal can be eliminated.
XRP Value and Upcoming Price Movement
If the signals obtained from SEC go to the XRP side and the case ends, then a large price movement may be seen in the XRP value. The XRP’s all -time was high $ 3.84, which took place in 2018. But it is currently trading at $ 2.44, where it has fallen by about 4% in the last 24 hours.
However, there are positive feelings about XRP amid discussions about the end of the case against SEC. If the decision comes in favor of Ripple, the price of XRP can go up to $ 4.
Conclusion
Due to the possibility of the ongoing dispute between Ripple and SEC, a good price movement can be seen for the XRP in the coming days. Looking at the new signal of SEC and the transfer of highly placed officers, it can be said that the result of the case may come in favor of RIPPLE. If this happens, the price of XRP may increase rapidly and it can cross its all time high. Although the price of XRP continues to fluctuate, but after the new signals from SEC, it is expected that the matter may soon end and XRP may get a chance to reach the new highest level.
