XRP Price Prediction as Cardano Founder Warns Ripple Lawsuit May Be Settled by December 15 With a ‘Catastrophic Impact’ – Here’s What That Means for XRP

John Isige
Last updated: | 4 min read

The lawsuit against Ripple Labs, the issuer of XRP, by the US Securities and Exchange Commission (SEC) may be coming to an end after a two-year legal battle. Charles Hoskinson, the founder of Cardano (ADA), has commented on the potential outcome of the case, stating that it could be catastrophic for XRP and the overall cryptocurrency market.

Cardano Founder Charles Hoskinson Chimes in on Ripple vs. SEC lawsuit

According to unconfirmed reports seen by Charles Hoskinson, the founder of Cardano (ADA), the final judgment in the lawsuit against Ripple Labs is scheduled for December 15. Despite popular belief that the blockchain company will emerge victorious, Hoskinson believes that the case’s outcome could have significant negative consequences for the cryptocurrency industry. 

In a video, Hoskinson stated: “I heard rumors that the Ripple case will be settled on December 15, and that could have catastrophic implications for the industry one way or the other.”

Despite the potential negative impact of the lawsuit between Ripple and the SEC, Charles Hoskinson remains positive about the future of the cryptocurrency industry. In a video, he stated: “Regardless of what happens, it’s a decentralized ecosystem controlled by individuals worldwide. The United States of America doesn’t get to say that Cardano lives or dies; you do, the world; that’s the point of a decentralized ecosystem.”

Hoskinson’s comments have been met with backlash from members of the XRP community, who have accused him of making “unpalatable” comments about the lawsuit. Hoskinson has denied these accusations and claimed that he was misquoted.

XRP Price Prediction as Previously Dormant Tokens Move

The price of XRP has been respecting a descending trend line on the four-hour time frame chart since November 25. The cross-border money remittance token is also currently holding a crucial demand area slightly above $0.37. 

In order to affirm their presence in the market, buyers will need to push the price of XRP above the 50-day and 100-day Exponential Moving Averages (EMAs). If the price of XRP breaks above the trend line at $0.39, it could quickly lead to gains of up to $0.42 and potentially even $1 in the longer term.

XRP/USD four-hour chart
XRP/USD four-hour chart

According to the four-hour time frame chart, buy orders for XRP can be activated if it breaks above $0.39 and holds that level, with a potential target at the 200-day EMA currently holding at $0.39. 

More bullish investors may want to wait for XRP to reach $0.42 or $1. However, the price of XRP may be forced to seek out more liquidity by revisiting support at $0.37. The Relative Strength Index (RSI) on the same time frame chart indicates that sellers currently have the upper hand. 

As long as the RSI continues to move downward in the neutral zone and potentially into the oversold region, the price of XRP is likely to drop to the second demand area at $0.35.

Tokens Offering Quicker Returns

As the bear market continues, some traders have started looking elsewhere for profits in the shorter term. Listed below are some of the best presales on the market today.

Dash 2 Trade (D2T) – Presale Enters Final Stage

Dash 2 Trade is an Ethereum-based trading intelligence platform that offers investors real-time analytics and social trading data so that they can make more informed trading decisions. It will go live in early 2023, with its D2T token being used to pay for the monthly subscription fees to its platform (there are two subscription tiers).

Now in its fourth and final stage, Dash 2 Trade’s presale has already raised more than $9.6 million. It has also announced listings on Uniswap, BitMart and LBANK Exchange for early next year, meaning that early investors will soon be able to lock in some profits.

Visit Dash 2 Trade Now

Calvaria (RIA) – Presale in Final Stage Now

RIA is one of the best play-to-earn (P2E) cryptocurrencies for blockchain gaming enthusiasts. This digital asset offers several promising possibilities that are raising interest among investors.

The native token for Calvaria: Duels of Eternity is RIA. The game, which takes place in a metaverse with an afterlife theme, aims to aid traders in buying non-fungible token (NFT) trading cards.

Players build strategies to help them win these battles directly. RIA is the token that makes NFT purchases possible through an in-app NFT marketplace.

Visit Calvaria Now

RobotEra (TARO)

RobotEra is a Sandbox metaverse crypto project allowing gamers to play as robots and participate in creating a virtual world.

TARO, the token powering the metaverse gaming world, supports all in-house transactions. With TARO, members within the ecosystem pay for services and participate in activities like games and community events.

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1 TARO is currently selling for 0.020 USDT (it can be bought using either USDT or ETH), although this price will rise to $0.025 in the second stage of its presale, which is due to begin soon.

Visit RobotEra Now