XRP Price Forecast: Pro-Ripple Attorney Criticizes Sam Bankman-Fried’s Pardon — Will XRP Respond?

Pro-Ripple attorney John Deaton is expressing his views candidly.

With renewed discussions regarding a possible pardon for Sam Bankman-Fried, Deaton has firmly dismissed any efforts to reinterpret the FTX collapse.

He countered assertions that the exchange was solvent prior to its bankruptcy, rejecting forecasts suggesting that FTX might have achieved a $78B net asset value by 2025.

Source: SBF

A chart circulated by Sam claims that had FTX not collapsed in November 2022, its assets would have surged alongside the broader crypto market.

Deaton is skeptical of this notion.

He emphasizes that actual court findings and genuine creditor losses hold more significance than speculative models, particularly when those forecasts rely on illiquid tokens that may never have realized that value.

For him, this issue centers on accountability. He aims to prevent the harm inflicted on retail investors from being minimized by retrospective calculations.

This matter is not directly related to XRP fundamentals. However, Deaton is influential within the XRP community due to his involvement in the SEC dispute. His perspective aligns with the pro-law, anti-corruption sentiment shared by many of his supporters.

XRP Price Prediction: Could XRP Price React Now?

XRP has exited the descending channel, marking the first significant structural change after several weeks of lower highs. However, instead of surging upward, the price has stalled around $1.61 and has retraced to test the breakout area.

This represents a crucial moment.

Source: XRPUSD / TradingView

If XRP falls back into the channel and begins to form lower highs again, the breakout may be deemed a false signal. This could lead to a decline toward $1.30, with $1.10 as a more significant downside possibility.

Conversely, if the price maintains this previous resistance as support and rebounds, the breakout remains intact. Staying above the channel would make another test at $1.61 likely.

Clearing that level decisively could bring $1.90 into focus. While this may seem ambitious at present, it could evoke a sense of a bull market once more.

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