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- John Deaton estimates Ripple has a 50% likelihood of winning the case.
- XRP price indicates positive momentum.
As the prolonged SEC vs. Ripple litigation approaches its conclusion, it is noteworthy that pro-XRP attorney John Deaton has shared his forecast regarding the chances of success. He asserted that Ripple is poised for a definitive victory against the Securities and Exchange Commission, while the SEC’s likelihood of prevailing against Ripple is under 3%.
Recently, Ripple has garnered significant attention due to its recent successes. As Deaton anticipated, there was a 25% probability that U.S. District Judge Torres would issue a ruling entirely in favor of Ripple. Additionally, he mentioned on the Good Morning Crypto podcast on June 3 that the blockchain firm has a 50% chance of winning the case.
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Moreover, Deaton highlighted that Judge Torres is likely to render a decision before September 30 of this year. Furthermore, Ripple CEO Brad Garlinghouse has forecasted a forthcoming conclusion to the tumultuous lawsuit initiated by the SEC.
In addition, Ripple’s native cryptocurrency, XRP, has drawn considerable interest from investors due to its notable price increase. The XRP price rose over 13% within a week and 58% year-to-date.
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