- Ripple comes out victorious amidst Patent infringement lawsuit
- XRP price regains bullish momentum and targets the critical bullish break above $0.30
- XRP price could encounter further growth
Ripple Latest Update – Ripple, the San Francisco enterprise recently attained a new legal height as the dismissed the patent infringement case against them. Previously in September 2019, the North Carolina-based cooperative entertainment issued Ripple with a lawsuit, alleging the company of violating a patent right approved back in 2016. The patent defines a peer-to-peer network run by nodes that eases content allocation.
XRP (XRP) Price Today – XRP / USD
XRP News Update – According to Cooperative Entertainment alleged that Ripple’s payment technology that involves the use of Ripple’s native token #XRP breached the patent. Although the reason for the dismissal is yet to be stated, Ripple is still facing a lawsuit on if the company is illegally selling #XRP as an unregistered security.
XRP News Now – Ripple Inc. raised a motion for the dismissal of the lawsuit, and a judge handling the case is now considering Ripple’s motion. Previously in 2018, Ripple resolved a lawsuit with the enterprise blockchain technology firm R3, which sued Ripple for supposedly breaching a purchasing agreement. R3 alleged Ripple breached an agreement allowing it to procure 5 billion #XRP for $0.0085 per coin. The two companies seek a settlement in court for about a year before coming to an understanding in September 2018.
XRP price regains bullish momentum and targets the critical bullish break above $0.30
XRP Price Prediction 2020 – XRP Price is surging higher and has retested the $0.2880 resistance level against the U.S dollar. XRP price could increase further above $0.2900 and $0.3000 in the short term. XRP price commenced a new surge after marking the $0.2680 support level against the U.S dollar.
XRP TradingView – XRP bulls regained momentum and drove the XRP price back above the $0.2800. There was a break above the major bearish trendline with resistance close to $0.2725 on the hourly chart of the XRP/USD pair. The #XRP Price could increase further once it breaks the $0.2900 resistance level.
Ripple XRP price could encounter further growth
XRP News Update – Shortly after a downside price correction, #XRP price found support close to the $0.2670 and $0.2680 level. A swing low was established close to $0.2670 and the #XRP price commenced a new increase recently. XRP bulls were able to gain momentum and the price surged above the $0.2700 and $0.2750 resistance level. Also, there was a close above the $0.2750 level and the 100 hourly simple moving average.