- Court approves Ripple and SEC requests to seal sensitive case documents.
- Analyst predicts XRP price to reach $5.30 and $8.50 by 2025 using Fibonacci levels.
- Bear pennant indicates bearish XRP trend as RLUSD stablecoin gains traction.
Ripple’s legal battle with the SEC took another turn after Brad Garlinghouse’s dinner with Donald Trump, sparking speculation about XRP’s future.
Court Approves Sealed Documents
Senior District Judge Phyllis J. Hamilton approved Ripple CEO Brad Garlinghouse’s and the SEC’s requests to seal specific court documents. Both parties can now keep sensitive information private as the case progresses.
The sealed documents include key exhibits related to summary judgments and expert testimony, which are critical to the case. The court based its decision on the Ninth Circuit’s “compelling reasons” rule.
Ripple sought to seal eight exhibits tied to summary judgment and 56 exhibits opposing the SEC’s motion. Meanwhile, the SEC requested to seal sections of its exhibits, including expert testimony.
What’s Next For XRP Price?
XRP has gained 5% in the last 24 hours and is now pushing toward the critical $2.40 …
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Source: https://coinedition.com/xrp-rally-expected-as-ripple-vs-sec-case-takes-new-turn/