This week, or perhaps next week, we should be hearing information on the lawsuit between XRP and the SEC. Many investors are chomping at the bits to pounce on XRP after the lawsuit ends. However, there is a question about when the end will take place. If you have been following the litigation, it should come as no surprise regarding the stall tactic that the SEC is now trying to use.
They are currently trying to get their hands on Ripple’s slack data, which could take a long time to gather. We are talking about a lot of information that could be much of nothing more than a stall tactic. In my eyes, it looks like the SEC is trying to pull a rabbit out of a hat because they look shady when it comes to their dealings with XRP. The case is centered around the SEC trying to claim that XRP is a security.
While we are all silently hoping that the judge rules to grant a win for XRP, the case has the potential to last for a while, due to discovery. Discovery is the most hated word ever because it means a lot of work regarding data probing. Requesting the slack data was well within the SEC’s right, but it still doesn’t mean the move wasn’t a stall tacit. Word on the street is that they aren’t going to find anything significant enough to prove anything.
So, on to ADA! The eyes are on the upcoming smart contracts. Right now, it is around $2.824 and going up! I know many people see ADA as a competitor of ETH, and it could be unless XRP gets the greenlight. Before the SEC went after XRP, they were the third-largest cryptocurrency, now ADA has taken that crown. It seems to be shadowing Bitcoin. Ironically, if you follow the movement of XRP, it doesn’t seem to respond to Bitcoin in the same way. XRP is at $1.281 right now. This is very interesting because XRP isn’t available on all trading platforms yet. It’s exciting to be in the world of crypto right now.
I am just a lady who loves crypto. I am not a financial advisor, so don’t do anything I would or wouldn’t do!!!!!!!!!!!!!.
PS. Keep my family in your prayers this week. My daughter starts school tomorrow and we live in Texas. If you have been following our mask drama, you are well aware, some of our schools might be in danger. I happen to live in an area that is controlled by Republicans which means, we are pretty much living in danger due to spreaders. The people here do not really believe in masks or believe in the vaccine. This is why I am desperately hoping my crypto takes off. It makes a move out of this state possible. By the way, I accept XRP as tips. Send away!!!!!!!! rJEYCzXUnuk4wXXKLRhJkopk6PDn9oHEqh