Pro-Ripple lawyer John Deaton has added a new twist to the Ripple vs. SEC case. While many in the crypto market thought that the battle was over, the lawyer has indicated that he is considering dragging the SEC to court for its role in causing billions of dollars in losses for Ripple (XRP) investors.
Meanwhile, a new crypto project is developing a feature-rich platform for traders and investors to hedge against market volatility. So, should you stick to XRP or move to this new crypto project for the best gains? Let’s find out!
Pro-Ripple Lawyer to Contest the SEC Over $15 Billion Investors’ Losses
The regulatory battle surrounding XRP remains a key issue. Massachusetts Republican Senate candidate John Deaton, a lawyer and outspoken critic of the SEC’s handling of the Ripple case, has vowed to hold the Commission accountable for the $15 billion losses incurred by XRP retail investors due to the lawsuit.
In a recent interview, Deaton called out the SEC for its overreach and alleged misconduct, which he claims led to a massive devaluation of XRP, harming thousands of retail holders.
Deaton’s determination to pursue further legal action on behalf of XRP investors is an ongoing issue that could impact both investor sentiment and the future of XRP if the case leads to compensation or reparations for those affected.
Nevertheless, XRP continues to be at the center of major legal and market developments in 2024, shaping its future trajectory. Currently priced at $0.5909, XRP has faced a challenging year marked by ongoing regulatory issues. Since the start of the year, Ripple’s XRP has lost 3.96% of its value, largely due to its entanglement with the US SEC.
However, recent developments, particularly positive outcomes in Ripple’s favor, have sparked renewed optimism. Over the past week, XRP’s price has risen by 10.57%, showing signs of a potential recovery as investor sentiment begins to turn more positive.
On the technical front, market analysts are starting to turn bullish on XRP. InvestingHaven, a crypto analyst on X, recently predicted that XRP could reach $9 by 2025. Their analysis points to a bullish triangle structure, suggesting that a long-term W-pattern is forming, which could trigger a major price reversal.
According to this forecast, support at $0.33 is crucial for the scenario to unfold, and if XRP maintains its upward momentum, this prediction could become a reality.
FXGuys: Bringing Together the Best of DeFi, PropFi, and TradeFi!
As the crypto market grapples with changing dynamics, platforms like Ripple are battling regulatory issues, leaving traders searching for better alternatives. FXGuys steps in as a standout option by offering a unique Trader Development Ecosystem that blends the best elements of DeFi, PropFi, and TradeFi.
With an innovative approach to decentralized brokerage and trading, FXGuys is designed to attract savvy traders looking for transparent, real-world trading opportunities with massive capital support.
FXGuys leverages a decentralized brokerage model that offers traders access to crypto, forex, equities, indices, and commodities—all on a single platform. Its dual focus on DeFi and PropFi helps users by providing real capital through a proprietary funding program.
What’s interesting to note is that this model eliminates typical barriers to entry by providing tools and analytics for both experienced traders and newcomers. To put it simply, FXGuys’ mission is to democratize access to trading opportunities and allow talent to shine regardless of background.
That’s not it!
The platform’s rich features include high-leverage trading, real-time analytics, social trading tools, and the Trade2Earn program, where traders earn $FXG tokens with every trade. The platform also offers advanced risk management tools so that traders like you can trade confidently without risking personal capital.
This integrated ecosystem helps users optimize performance while navigating volatile markets more effectively. That’s exactly why you should move to FXGuys if you’re fed up with market volatility putting pressure on XRP’s price.
Luckily for you, the $FXG presale is the best opportunity to join the platform early!
The $FXG Presale is Selling Fast!
Currently, $FXG is in its presale and selling at $0.03. If you are considering rotating funds away from riskier assets like Ripple’s XRP, join the $FXG presale now, as the tokens are selling fast!