In this article we are going to see about Ripple XRP: SEC Case Will NEVER End! Urgent WARNING


  • What's up, guys? We saw a significant decline in prices as a small percentage of traders' panic sold their XRP holdings. If we head over to coinmarketcap.com, we can see the current XRP price is $1.14 and has been down by 2.39% over the last 24 hours. A lot more is expected to happen in this new week, so we just wait and see how the events will unfold. That aside, let's roll that beautiful intro and get into all the juicy details of today's article. It almost feels like this Ripple Vs. SEC case will never end. Well, not quite literally, as one day we will have some form of finalization, but all these events keep being pushed forward, and now everyone keeps wondering this will continue until when. To rev those engines, we have this tweet from @MackAttackXRP that says, "Court grants discovery extension request to Ripple and SEC in the XRP lawsuit".

  •  He further shares a link to an article posted on thecoinrepublic.com. If we look at that article, we can see that "Judge Sarah Netburn has conceded Ripple and the SEC's movement to broaden the cutoff time for master revelation. The update was first shared by James K. Filan, with the lawyer uncovering that the court has likewise allowed an expansion for documenting pre-movement letters regarding a rundown judgment. Nonetheless, no due date has been set at this point. True to form, the court conceded the solicitation for a cutoff time expansion for truth revelation, which likewise moves the planned master disclosure. The gatherings might direct the affidavits of litigants Brad Garlinghouse and Chris Larsen after the end of the August 31 truth revelation cutoff time, the Judge dominated. 

  • The cutoff time for master disclosure has been stretched out to November 12. Recently, the two gatherings had mutually recorded a movement to push the testimony of Ripple chiefs Brad Garlinghouse and Chris Larsen after the cutoff time for Fact Discovery. According to the document, this was done due to the surprising sickness of a lawyer essential to the Larsen statement. Presently, while the gatherings had offered a timetable in September for the statements to be completed, the court has not offered a particular date. As per the lawyer, giving movements for augmentation of time are frequently ruled on in this style. This is known as a Docket Order, he said. The cutoff time for the gatherings to trade their separate assertions of material realities compliant with Local Civil Rule 56.1 and their pre-movement letters regarding movements for rundown judgment is deferred since they pass on the forthcoming goal of the movements to excuse and strike. No due date has been set forth for the goal of the individual litigants' movements to strike and excuse the argument against them. Before this decision, the reality revelation cutoff time was August 31, and the master disclosure cutoff time was October 31.

  •  The adjustment of dates has adequately added 13 more days to what exactly is at present planned. The court is yet to settle on the forthcoming movements before it. Different archives can be documented solely after these decisions have been made. Notwithstanding, the timetable for the equivalent can't be anticipated. Likewise, there have additionally been hypotheses that the following hearing in the matter, planned to happen on August 31, will be public. What the SEC and Ripple have found at this point is obscure. As per onlookers, the two gatherings are outfitted for certain solid snippets of data to make their separate cases. Oh, these subtleties might be uncovered to general society relying upon how the advantage issue turns out. This isn't the first run through the Judge moves the dates. A couple of months prior, the SEC was allowed its solicitation to broaden reality revelation by 60 days, notwithstanding Ripple's resistance. The basics continue as before. Any settlement is probable solely after essentially the end of truth revelation and surprisingly more probable after the master disclosure cutoff time, November 12. All things considered, numerous specialists near the SEC v. Ripple claims they don't see it finishing that soon. Lawyer Filan said as of late that this is a conflict. I figure we should get comfortable for the long stretch, he added." As we all can see from this article, this lawsuit is bound to take longer than expected. Moving ahead, we have yet another tweet from @ANT159694954 that says, "If any of the SEC traded XRP, then it's game over. You can't take Ripple to court on the grounds of it being a security if you buying it yourself.


  •  Don't you just love the smoke screens!" As we can see from this tweet, Ripple has pulled another card from the stack, and this time around, they are demanding disclosure concerning SEC employees' XRP holdings. We will develop this story further in the next tweet. We have this quite interesting development in the Ripple Vs. SEC lawsuit. Ripple filed a motion to compel the SEC for documents discovery, showing whether SEC employees could trade in crypto, including XRP and other digital assets. We have this interesting tweet on the same from @MackAttackXRP that says, "Ripple demands disclosure concerning SEC employees' XRP holdings." If we follow that link that he shared under this tweet, we can see an article posted on ambcrypto.com that says, "Ripple files another motion to compel SEC to find its employees XRP trading." That article right there says, "Ripple recently filed a motion to compel the United States Securities and Exchange Commission [SEC] to reveal policies and information regarding its employees trading in cryptos like Bitcoin, Ethereum, and XRP. This motion will add to Ripple's fair notice defense. As per the filing provided by attorney James K. Filan, Ripple wants SEC to provide, "… anonymized documents reflecting trading preclearance decisions with regard to XRP, bitcoin, and ether, or alternatively, for that information to be produced in aggregate form." Further, documents relating to SEC employees' XRP holdings were also mentioned in the motion filing. "Defendants also seek certifications concerning SEC employees' XRP holdings – again, either with redactions of personal information or in aggregate form. We met and conferred with the SEC on this issue on July 8, July 15, August 18, and August 25, without progress".

  •  Ripple's previous requests were met with "SEC's refusal to produce certain information" integral to the defendants' understanding of SEC's policies regarding digital assets and whether or not SEC permitted its own employees to trade the contended digital asset, XRP. Earlier in June, the court had granted Ripple's motion to compel the SEC to produce its trading policies regarding digital assets. Post that, the SEC produced a policy dated January 19, 2018, titled "Ethics Guidance Regarding Digital Assets." Ripple pointed out that until January 19, 2018, the SEC did not view digital assets as securities, and its employees were, therefore, "free to buy, sell, and hold XRP without any restrictions by the SEC." In the abovementioned document, it was also stated by the defendants that, "This evidence provides strong corroboration of the Defendants' defenses in this case and undermines the SEC's claims. Specifically, the now-acknowledged Fact that the SEC itself did not restrict its own employees from selling or buying XRP, notwithstanding its longstanding regulation against its employees engaging in securities transactions without preclearance, indicates that the SEC had not concluded, prior to at least January 2018, that sales and offers of XRP were securities transactions." Further, even though SEC maintained a "Prohibited Holdings" list pertaining to securities that fall within the SEC's securities trading ban, BTC, ETH, and XRP never appeared on this list. The "Watch List" created by the SEC for identifying assets that are subject to case-by-case reviews rather than a blanket prohibition added XRP only after April 13, 2018. This meant that "any SEC employee transactions in XRP after April 13, 2018, were evaluated on a case-by-case basis – again through the preclearance process." Ripple claimed that the SEC has refused to produce this crucial information to the case and was now seeking to pressurize it through the court. The court has given the SEC until September 3 to respond to this motion. However, what if SEC refuses to cooperate once again? As noted in response to Filan's Twitter update, we have @SheriV43995579 that says, "The SEC can absolutely decide not to follow the courts order. What happens after a period of time is the Judge will issue sanctions against them. 

  • If the SEC continues to ignore the order, then it can ultimately lead to the case being dismissed." As Ripple and SEC continue their back and forth, the crypto community awaits the August 31 fact discovery deadline. Moreover, since the court has already granted the involved parties' joint request to push the deposition of Ripple's CEO and Founder, Brad Garlinghouse, and Chris Larsen's deposition, the lawsuit seems to be far from reaching a conclusion." That said, let’s take a look at the charts. Ripple is trading at 1.14 currently, and the Bears seems to be pushing the price down and it will soon hit the first Support line at 1.09 where the Bulls will battle with the bears over control in the hope of pushing the price back up, and if that to happen then the price most likely will be moving up and headed near the first Resistance line at 1.23 and with a strong push from the bears it could breakout and keep going up to the 1.37 level.

  •  If the Bulls make a move and take control over the market then we will see the price move to the resistance level at 1.23 where the Bulls power will be tested by the Bears and they will try to take control over the market which will lead to the price dropping down back to the support zone between 1.00 and 0.95, showing that the Bulls are having a very hard time breaking out and holding the price above the 1.25$. I believe that timewise, somewhere between now and the middle of September is when we will see XRP stop retracing and begin the next impulse wave up. As always trade safely guys! Please keep in mind.


  • I am not a licensed financial advisor.