Ripple Latest News – Top Headline for Ripple XRP, February 12th, 2020

Ripple XRP Price Prediction
  • 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

#NamePrice24H %
3
ripple
XRP(XRP)
$0.294
1.49%

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 Price Prediction 2020 – Ripple XRP Price Prediction

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.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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