XRP Surging Higher

$XRP, Ripple Labs’ digital asset, boarded the U.S.S. Pampy McPampy Pamp and just keeps on pamping. How much pamp? 🚢

XRPUSD Daily Chart – Click to enlarge.

+50.28% so far for March and +30.56% this week. 🤯

There are some rumors Ripple Labs is now discussing a resolution with the SEC. If a settlement occurs, it would likely boost confidence and demand for XRP by clarifying its legal status. 

Hell, at this point, even a loss might be considered bullish in the crypto space – it would be a resolution to a nearly two-and-a-half-year legal struggle.

The SEC has been in a legal battle with Ripple Labs since December 2020, claiming that XRP is a security and was sold without proper registration. The lawsuit led to a substantial drop in XRP’s price, from $0.60 to $0.18 within days, and resulted in U.S.-based exchanges removing XRP from their platforms. 

Many crypto-focused attorneys on Twitter, who follow the XRP case, predict a summary judgment may be handed down between the end of this week to mid-April. 🗓️

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All of the suck involved with the type of price action and broken hearts one would expect to experience when something is in the Cloud, we’re all experiencing it. 

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Bitcoin Bandits: When ‘Staycation’ Takes A Whole New Meaning

Former Terraform Labs CEO Do Kwon and his ex-CFO Han Chong-joon made bail today. 😡

Despite their fugitive status, the Montenegrin court has provisionally set them free on bail, amounting to roughly $436,000. However, the court’s ruling comes with the condition that the pair, who claimed substantial South Korean real estate holdings to back their bail payment, stay in a specified local apartment.

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