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XRP: Don't Bet on a $5 Surge Today, Says Legal Expert, As Lawsuit Nears Critical Juncture
🚨 XRP Legal Update – June 16 🚨
Today was a big day in the Ripple vs. SEC case, with hopes riding high as the SEC faced a deadline to file a status report. 🏛️
Many in the XRP community were buzzing about a possible $5 surge if the court grants a joint motion to reduce Ripple’s penalty and dissolve the injunction. But not so fast...
⚖️ Legal expert Bill Morgan is urging caution. He warned that Judge Torres has rejected similar motions before—in just 7 days. A quick ruling might not mean a win. 🤔
The good news? If the court agrees with Ripple & SEC that lowering the fine is key to settlement, this case could finally wrap up.
📉 XRP is trading around $2.16. A jump to $2.50 could happen on good news, but hitting $5 today? Highly unlikely, says Morgan.
✅ Stay alert. Stay realistic. The end could be near—but don’t fall for hype. The crypto market is still full of surprises.
#xrp $XRP
{spot}(XRPUSDT)
Today was a big day in the Ripple vs. SEC case, with hopes riding high as the SEC faced a deadline to file a status report. 🏛️
Many in the XRP community were buzzing about a possible $5 surge if the court grants a joint motion to reduce Ripple’s penalty and dissolve the injunction. But not so fast...
⚖️ Legal expert Bill Morgan is urging caution. He warned that Judge Torres has rejected similar motions before—in just 7 days. A quick ruling might not mean a win. 🤔
The good news? If the court agrees with Ripple & SEC that lowering the fine is key to settlement, this case could finally wrap up.
📉 XRP is trading around $2.16. A jump to $2.50 could happen on good news, but hitting $5 today? Highly unlikely, says Morgan.
✅ Stay alert. Stay realistic. The end could be near—but don’t fall for hype. The crypto market is still full of surprises.
#xrp $XRP
{spot}(XRPUSDT)
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