Altcoin News

XRP Lawsuit: Ripple Gets Former SDNY Attorney To Tackle US SEC Appeal, 30% Rally Next?

XRP Lawsuit: Ripple gets a former SDNY attorney Douglas Samuel Zolkind to challenge the US SEC appeal, XRP price to rally 30%?
Published by
XRP Lawsuit: Ripple Gets Former SDNY Attorney To Tackle US SEC Appeal, 30% Rally Next?

XRP Lawsuit: Excitement brews in the XRP community as Ripple gets a former SDNY attorney in their legal battle against the US Securities and Exchange Commission (SEC). Amid the recent exit of attorneys for Ripple Labs and executives Brad Garlinghouse and Chris Larsen, an expert attorney adds significant firepower to their defense team.

Advertisement

XRP Community Abuzz to Ripple New Attorney In SEC Lawsuit

Douglas Samuel Zolkind, partner at Debevoise & Plimpton law firm, has filed a notice of appearance on behalf of Ripple Labs, according to a filing in the District Court for the Southern District of New York (SDNY).

Zolkind is an expert on white collar criminal defense, government investigations, and internal investigations. He was a senior member of the Criminal Division’s Public Corruption Unit of the SDNY.

While US SEC looks to file an appeal against Judge Torres’ summary judgment ruling, Zolkind’s expertise strengthens Ripple’s position in the ongoing legal battle.

Currently, Magistrate Judge Sarah Netburn ordered Ripple and SEC to agree on dates for a possible settlement in other matters such as XRP sale to institutional investors. However, SEC hints at an appeal while XRP lawyers contradict SEC’s arguments and possible appeal.

Also Read: XRP Lawyers, Coinbase CLO Share Significance Of Judge Torres’ Ripple Ruling

Advertisement

XRP Price to Rally 30%

An analysis by CoinGape Markets predicts at least a 30% upswing in XRP price due to the formation of a pennant pattern. However, if the market continues to show weakness, the price can fall into a correction phase. The support levels for XRP are $0.63 and $0.56.

XRP price fell 2% in the past 24 hours, with the price currently trading at $0.68. The 24-hour low and high are $0.68 and $0.71, respectively. However, the trading volume has increased by 20% in 24hrs, indicating an interest among traders.

Also Read: Terra Luna Classic Community Set To Burn 800 Million Tokens, LUNC And USTC To $1?

Advertisement

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025
  • 24/7 Cryptocurrency News

Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement

Pro-crypto Mike Selig is reportedly the frontrunner to become the next chair of the U.S.…

October 4, 2025
  • 24/7 Cryptocurrency News

‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications

Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…

October 4, 2025
  • Bitcoin News

Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model

Bitcoin-backed stocks of Strategy can now be accessed on Robinhood. This represents a significant move…

October 4, 2025
  • Bitcoin News

Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH

The Bitcoin ETFs have seen a huge turnaround this week, recording their largest weekly inflows…

October 4, 2025
  • 24/7 Cryptocurrency News

Expert Predicts SHIB Rally as Shiba Inu Restores Shibarium After $4M Hack Shutdown

Shiba Inu’s Layer 2 network, Shibarium, has returned online following a $4 million exploit that…

October 4, 2025