{"id":524604,"date":"2023-03-27T16:00:56","date_gmt":"2023-03-27T16:00:56","guid":{"rendered":"https:\/\/ktsl888.com\/?p=524604"},"modified":"2024-06-11T07:57:22","modified_gmt":"2024-06-11T07:57:22","slug":"ripples-xrp-is-a-buy-at-current-prices-says-john-e-deaton","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/ripples-xrp-is-a-buy-at-current-prices-says-john-e-deaton\/","title":{"rendered":"XRP Is A Buy At Current Prices, Says John E. Deaton"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The SEC vs. Ripple case is <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-bolsters-case-new-filing-ruling-end-april\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">drawing to its end<\/span><\/a>,<span style=\"font-weight: 400\"> sparking diverse predictions and speculations. Recall that the case has dragged on since 2020, with the commission seeking to categorize XRP under Securities.<\/span><\/p>\n<p><span style=\"font-weight: 400\">After nearly three years of rigorous deliberations, arguments, and disagreements, the court is moving closer to a final ruling. Many people air their views on how XRP will react after the ruling. One such individual is Attorney John E. Deaton, who tweeted that XRP\u2019s risk-to-reward is attractive.\u00a0<\/span><\/p>\n<h2><b>XRP Has An Attractive Risk-to-Reward Potential, Deaton\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Deaton founded CryptoLaw, launched in 2021, to provide news, analysis, and information on critical US regulations for digital asset holders and the lawyer is currently representing Ripple XRP holders.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/matic\/polygon-matic-down-by-7-amidst-massive-whale-activity\/\" target=\"_blank\" rel=\"noopener \">Polygon (MATIC) Down By 7% Amidst Massive Whale Activity<\/a><\/div>\n<p><span style=\"font-weight: 400\">According to his <\/span><a href=\"https:\/\/twitter.com\/JohnEDeaton1\/status\/75112704?\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">tweet<\/span><\/a><span style=\"font-weight: 400\">, the court ruling may not affect the XRP price as much as many expect. The lawyer stated that if the US SEC wins the case, Ripple will appeal. But if Ripple wins, the commission will stop categorizing it under securities.\u00a0<\/span><span style=\"font-weight: 400\">The lawyer also stated that the court ruling might be out soon.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Deaton&#8217;s Twitter post got some responses as people pondered on what the outcome will be. One of <\/span><a href=\"https:\/\/twitter.com\/tanryou1\/status\/67987975\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">the responses<\/span><\/a><span style=\"font-weight: 400\"> warned the lawyer to be careful, or people would think he got money from XRP or Ripple Labs to share the post. In response, Deaton stated that many people share their opinions even when the truth is glaring.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Another user <a href=\"https:\/\/twitter.com\/CryptoCriminal5\/status\/99881728\" target=\"_blank\" rel=\"noopener nofollow\">BlockChainTrucker<\/a> concurred with what Deaton said. In his words, the risk\/reward is valid, but the winning or settlement may not lead to the upside many expect.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In response to Deaton\u2019s post, a Twitter user, Vincent Van Code, <\/span><a href=\"https:\/\/twitter.com\/vincent_vancode\/status\/79512066\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">stated<\/span><\/a><span style=\"font-weight: 400\"> that no court could rule XRP as a security. The user believes the worst that could happen is to see the coin delisted from all exchanges in the US and driven out of the country.<\/span><\/p>\n<h2><b>A Brief On SEC\u2019s Crackdown On Ripple\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The United States Securities and Exchange Commission <\/span><a href=\"https:\/\/www.sec.gov\/news\/press-release\/2020-338\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">filed a case against Ripple<\/span><\/a><span style=\"font-weight: 400\"> and two of its executives in December 2020. The commission argued that XRP is a security and its founders carried out an illegal coin offering raising more than $1.3 billion without due registration.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/matic-analysis\/polygon-to-1-mercedes-benz-deepens-partnership\/\" target=\"_blank\" rel=\"noopener \">Polygon (MATIC) At Risk Of Dropping To $1 Despite Mercedes Benz Deepening Partnership<\/a><\/div>\n<p><span style=\"font-weight: 400\">Following <\/span><span style=\"font-weight: 400\">the case filing<\/span><span style=\"font-weight: 400\">, the commission forced all the US-based crypto exchanges to delist XRP from their marketplaces. As a result, XRP&#8217;s price plummeted, leading to billions of dollars in losses for its investors.<\/span><\/p>\n<figure id=\"attachment_524605\" aria-describedby=\"caption-attachment-524605\" style=\"width: 860px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-524605 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/XRPUSDT_2023-03-27_19-33-25.png?resize=860%2C501\" alt=\"Ripple&#039;s XRP is a Buy at Current Prices, Says John E. Deaton\" width=\"860\" height=\"501\"><figcaption id=\"caption-attachment-524605\" class=\"wp-caption-text\">XRP is gaining momentum on the chart l <a href=\"https:\/\/www.tradingview.com\/x\/fykmrfUW\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">As the court ruling draws closer, the XRP community&#8217;s anticipation grows. As of today, the <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">coin price<\/span><\/a><span style=\"font-weight: 400\"> is $0.4741, depicting a 5.85% increase in 24 hours. <\/span><span style=\"font-weight: 400\">While <\/span><a href=\"https:\/\/coinmarketcap.com\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">other coins<\/span><\/a><span style=\"font-weight: 400\"> have lost their weekly gains today, XRP is holding on and increasing daily.<\/span><\/p>\n<p>Featured image from Pexels and chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC vs. Ripple case is drawing to its end, sparking diverse predictions and speculations. Recall that the case has dragged on since 2020, with the commission seeking to categorize XRP under Securities. After nearly three years of rigorous deliberations, arguments, and disagreements, the court is moving closer to a final ruling. Many people air their views on how XRP will react after the ruling. One such individual is Attorney John E. Deaton, who tweeted that XRP\u2019s risk-to-reward is attractive.\u00a0 XRP Has An Attractive Risk-to-Reward Potential, Deaton\u00a0 Deaton founded CryptoLaw, launched in 2021, to provide news, analysis, and information on critical US regulations for digital asset holders and the lawyer is currently representing Ripple XRP holders. Related Reading: Polygon (MATIC) Down By 7% Amidst Massive Whale Activity According to his tweet, the court ruling may not affect the XRP price as much as many expect. The lawyer stated that if the US SEC wins the case, Ripple will appeal. But if Ripple wins, the commission will stop categorizing it under securities.\u00a0The lawyer also stated that the court ruling might be out soon.\u00a0 Deaton&#8217;s Twitter post got some responses as people pondered on what the outcome will be. One of the responses warned the lawyer to be careful, or people would think he got money from XRP or Ripple Labs to share the post. In response, Deaton stated that many people share their opinions even when the truth is glaring.\u00a0 Another user BlockChainTrucker concurred with what Deaton said. In his words, the risk\/reward is valid, but the winning or settlement may not lead to the upside many expect.\u00a0 In response to Deaton\u2019s post, a Twitter user, Vincent Van Code, stated that no court could rule XRP as a security. The user believes the worst that could happen is to see the coin delisted from all exchanges in the US and driven out of the country. A Brief On SEC\u2019s Crackdown On Ripple\u00a0 The United States Securities and Exchange Commission filed a case against Ripple and two of its executives in December 2020. The commission argued that XRP is a security and its founders carried out an illegal coin offering raising more than $1.3 billion without due registration. Related Reading: Polygon (MATIC) At Risk Of Dropping To $1 Despite Mercedes Benz Deepening Partnership Following the case filing, the commission forced all the US-based crypto exchanges to delist XRP from their marketplaces. As a result, XRP&#8217;s price plummeted, leading to billions of dollars in losses for its investors. As the court ruling draws closer, the XRP community&#8217;s anticipation grows. As of today, the coin price is $0.4741, depicting a 5.85% increase in 24 hours. While other coins have lost their weekly gains today, XRP is holding on and increasing daily. Featured image from Pexels and chart from TradingView<\/p>\n","protected":false},"author":584,"featured_media":516951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[6664,88042,3680,3799,78763],"class_list":["post-524604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto","tag-john-e-deaton","tag-ripple","tag-sec","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Is A Buy At Current Prices, Says John E. Deaton<\/title>\n<meta name=\"description\" content=\"The SEC vs. Ripple case is drawing to its end, sparking diverse predictions and speculations. 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