SEC vs Ripple: Great Signs For XRP As Judge Torres Unseals Confidential Documents

By Ashish Kumar
February 5, 2022 Updated February 5, 2022
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The Ripple lawsuit has come to a very crucial point; Judge Analisa Torres has granted and partially denied the defendant’s request to seal exhibits in SEC vs Ripple. Advocates believe that XRP lawsuit could become more interesting for Ripple with big rulings in the case. Attorney Jeremy Hogan, a proponent of Ripple, took to Twitter to give a major update regarding the ongoing lawsuit.

He wrote, ‘There’s only one major takeaway from this Order on the Ripple v. SEC case, Judge TORRES is getting ready to take over. The next couple of months will be very interesting with all the major rulings that are being teed up!

Investors turn bullish as the XRP lawsuit takes another turn

Meanwhile, Judge Analisa Torres has ordered three documents to unseal. These are- 172-1, the notice of Brad Garlinghouse’s deposition in the SEC formal investigation, 179-4, a Chris Larsen email string, and 179-5, a Brad Garlinghouse email.

Court denied Ripple’s request to seal Legal Memos provided to Chris Larsen and briefing associated with those memos and granted Ripple’s request to file Sur-Reply to the SEC’s Motion to Strike the Fair Notice Defense tweeted Filan.

John Deaton, the attorney for the XRP Holders in the case, said Judge Torres’s rulings are a great sign for his clients.

“What these rulings clearly show is that Judge Torres favors public disclosure. Ripple can’t seal certain documents (i.e., legal Memo). The same applies to the SEC. Think ahead! We may ultimately get to see the 63 Hinman emails!” John said

XRP price jumps more than 8%

XRP price has been between the price range of $0.60 and $0.63 for more than ten days. However, the coin surged more than 8% to trade at $ 0.676 at the press time.

Dark Defender, a crypto analyst, has suggested that Ripple’s XRP can go up by 30% to touch the price level of $0.90.

#XRP formed a symmetrical triangle in the 4H Chart. Please keep an eye on the $0.59 support. He wrote if this is maintained, XRP can touch $0.75 – $0.90 in 5 days.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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