Analysts believe Ripple could beat SEC lawsuit on one condition

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.