In the latest development on the Ripple vs. SEC case, the former has signed a letter responding to the latter’s Brief regarding allegedly privileged documents, which the SEC redacted or withheld.
The defendant argued against the Commission’s repetitive “privileged” stance to block discovery and review of evasive and responsive documents to the case.
The case has recorded one of the most crucial pieces of information revealed by Ripple, which contained the plaintiff’s 2018 XRP analysis confirming that the SEC’s manifold versions of the privileged argument hold no water. The defendant revealed that an SEC division’s legal reports of XRP made their way to “certain individuals at the SEC,” a day before the controversial Hinman speech of 2018.
Ripple also discredited the regulatory body’s logged privilege documents, particularly the XRP legal analysis under three claims. The defense threw out the attorney-client privilege argument by the SEC, arguing that the documents in question are not working documents and therefore are not entitled to work privilege.
The defendant added that the original investigative file of the SEC did not contain these documents, arguing that the Commission wants to impose these documents. Ripple noted that the investigative documents are covered by the SEC’s categorical privilege log, which requires no further logging.
Key Ripple Levels to Watch — September 29
XRP continues to struggle with gaining any substantial bullish headway as the sixth-largest cryptocurrency trades within a flat wedge. This trading pattern comes amid rapidly diminishing trading volume. We believe that the flat trading momentum recorded over the past few days comes due to the upcoming infrastructure bill, which has triggered a risk-averse outlook in traders, explaining the declining trading volume.
Regardless, we expect bearish price moves to get repelled by the $0.9000 support area. On the other hand, a break above the $0.9500 resistance should reinstate some bullish confidence for traders.
Meanwhile, our resistance levels are $0.9500, $1.0000, and 1.0500, and our support levels are $0.9000, $0.8800, and $0.8500.
Total Market Capitalization: $1.88 trillion
Ripple Market Capitalization: $43.3 billion
Ripple Dominance: 2.3%
Market Rank: #6
You can purchase crypto coins here: Buy Tokens
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.