Ripple’s XRP token has been the subject of much debate in the crypto space, with the U.S. Securities and Exchange Commission (SEC) taking a stance against the token. However, a 2018 internal memo from the SEC’s enforcement lawyers did not label XRP as a security, which could be a game-changer for Ripple’s legal battle.Despite the bearish market sentiment, XRP’s price remains resilient, currently hovering below $0.55. An increase in the XRP Network Value to Transaction Volume (NVT) ratio suggests that external factors, such as market speculation, are potentially pushing XRP’s price down.The XRP Mean Coin Age metric has also shown a 10% uptick, indicating an increasing reluctance among holders to sell. If the ongoing transactional activity intensifies and more long-term investors hold onto their XRP, we could see a 20% rise in its price.Ripple’s XRP continues to be a significant point of interest for crypto enthusiasts and investors, with the recent legal revelations and market activities pointing towards possible unexpected outcomes.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	9
People	SEC, John E Deaton, Bill Morgan, XRP, Ripple
Companies	eTor, FAC, FINRA, Crypto News Flash, SEC, Deaton Law Firm
Currencies	ethereum, xrp, bitcoin
Securities