• Experts are weighing in on the possible closure of the payments giant's lawsuit with the SEC.
  • Ripple has filed a supplemental briefing, calling SEC's invoking the deliberative process privilege an error.
  • The SEC has failed to draw a connection between said documents and any specific decision-making process.
  • Analysts predict that the payment giant's win in the SEC vs. Ripple case could push XRP price to a new all-time high.

Ripple has filed a new briefing regarding the deliberative process privilege (DPP), the protection of information that supports the SEC's stance from third parties. Proponents believe that the payments giant is closer to winning the SEC vs. Ripple case. 

Analysts expect a Ripple win in SEC lawsuit 

Ripple, the global payment giant, has filed a supplemental briefing regarding the deliberative process privilege. DPP protects information like recommendations and analysis ahead of decisions from third parties. 

The Securities & Exchange Commission (SEC) needs to connect the records in question to specific decisions or decision-making processes to keep the information privileged. In the supplemental briefing, Ripple has confirmed the error of the SEC's position and questioned the agency's stance. 

The SEC needs to draw a connection between the documents and information that it wishes to keep privileged to go through with the DPP.

Ripple's response has fueled a bullish outlook among proponents and analysts. Analysts have predicted that Ripple is closer to winning the SEC's lawsuit. Ripple's win is expected to have a bullish impact on XRP price. 

Gregg Kidd, CEO of Global iD, says, 

I am looking for some form of a resolution from the Ripple case, and the SEC is more on trial than Ripple is.

Kidd is bullish on Ripple's win and considers that the SEC has yet to clarify what is considered a security.

@Bitboy_Crypto, a YouTuber and cryptocurrency analyst, believes that XRP is undervalued at this point. The analyst is bullish on the XRP price rally and set a target of $2 for the altcoin. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed Join Telegram

Recommended content

Recommended Content

Editors’ Picks

Watch out for Ethereum price as technical indicators point to dip below $1,000

Watch out for Ethereum price as technical indicators point to dip below $1,000

Ethereum (ETH) price is revealing a not-that bright picture for bulls this week, both from a technical perspective and because of ballooning tail risks. As bulls could not manage a close above a crucial technical hurdle, price action slipped further to the downside and moved away from the essential historic barrier. 

More Ethereum News

As NATO troops double, so do the bears' army in XRP

As NATO troops double, so do the bears' army in XRP

Ripple (XRP) price is returning with a hangover after a very short-lived party in which it rallied from $0.3043 to $0.3710, and booked 21% gains. Although bulls temporarily pushed the price above $0.3710, it turned out to be a false breakout, and eventually closed the day below, catching a lot of bulls in a bull trap in the process.

More Ripple News

Why you should approach Bitcoin price with caution

Why you should approach Bitcoin price with caution

A brief technical and on-chain analysis on Bitcoin price. Here, FXStreet's analysts evaluate where BTC could be heading next.

More Bitcoin News

Why this move from Shiba Inu price could catch investors off guard?

Why this move from Shiba Inu price could catch investors off guard?

Shiba Inu price prepares for a quick retracement after nearly a week of recovery bounce. While this run-up was impressive, things are likely going to go slow for SHIB as investors continue to book profits.

More Shiba Inu News

Bitcoin: Everything you need to know about BTC 200-week MA

Bitcoin: Everything you need to know about BTC 200-week MA

Bitcoin price has gone through turbulent times over the last few months. From reaching a new all-time high to hitting yearly lows and revisiting levels since 2020, the crypto markets have been extremely volatile.

Read full analysis