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XRP Price Prediction as Ripple Lawsuit Set to Conclude in 2023 Can XRP Reach $10 if Ripple Wins the Case? On Feb 3, 2023, popular American businessman Craig Wright filed a lawsuit against 16 Bitcoin developers who are set to go under trial in London. Ripple Lawyer Confident SEC Case Will End in April - PYMNTS.com . When will we know the SEC lawsuit outcome? : r/XRP - reddit Thats because XRP and its parent company Ripple have been embroiled in a lawsuit from the Securities and Exchange Commission (SEC), dating back to late 2020. At the same time, XRP's 30-day moving average (red) has turned up towards its 200-day (blue), something which signals a potential breakout, especially if the shorter-term average overtakes its longer-term counterpart. Ripple CEO Expects Lawsuit with SEC to End in 2023 Ripple was then handed a small win, as the judge hearing the case ordered the SEC to hand over the Hinman documents, which were exchanged on 20 October 2022. They win the lawsuit then price will skyrocket . XRP holders' lawyer, John Deaton has dropped his prediction over what could be the end of the Ripple Vs SEC lawsuit. However, the SEC subsequently applied on 22 December 2022 to prevent the Hinman documents from being made public in the XRP lawsuit, including any references in court papers submitted by Ripple Labs. If the Ripple lawsuit outcome in unfavourable to the crypto company, it would mean that, in the eyes of the American authorities, XRP would be classed as a security. While XRP is substantially undervalued, a rally isn't likely to follow until the end of the Ripple-SEC, which may not arrive until the end of the year. In the event of a positive outcome, Ripple will be free to continue its business. Prior to this, the parties had filed their initial motions for summary judgment, published on 17 September 2022.
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