XRP News: Pro-Crypto Lawyer John Deaton Challenges Claims That XRP Is A Security

The ongoing debate on whether XRP is a security has been reignited, with pro-crypto lawyer John Deaton challenging tech investor Jason Calacanis's view.

Pro-Crypto Lawyer John Deaton Challenges Jason Calacanis' Claim That XRP Is A Security

The ongoing debate surrounding the security status of XRP has been reignited by comments made by tech investor Jason Calacanis, who argued that XRP is a centrally controlled security. This view has been challenged by pro-crypto lawyer John Deaton, who is known for his advocacy on behalf of XRP holders in the Ripple vs. SEC lawsuit. Deaton quickly responded to Calacanis' comments, offering a counterpoint to the accusations and sharing his insights on the matter.

XRP Price Prediction: Potential to Reach $6.5 by 2030

Ripple’s XRP has gained significant attention in the cryptocurrency market, with speculations on its future growth. Driven by Ripple’s developments and increased adoption, technical indicators, and the broader demand for blockchain technology, XRP could potentially reach as high as $6.5 by 2030. The monthly price chart shows a consistent bullish trend since 2017, indicating strong growth potential for XRP moving forward.

MEMX Applies to List 21Shares XRP ETF

Equities exchange MEMX has submitted a request to the US Securities and Exchange Commission (SEC) to list an XRP exchange-traded fund (ETF). The exchange has applied to list the 21Shares XRP ETF as a “Commodity-Based Trust.” This would allow investors to buy shares in the ETF tracking XRP's price without actually holding the digital currency.

Ripple XRP Forms Bullish Pattern, Signaling Potential Price Rally

Ripple's XRP cryptocurrency is showing a bullish pattern, with a classic cup-and-handle formation indicating a possible significant upward movement. Crypto analyst Ali Martinez highlighted this bullish trend, suggesting a potential 21% price jump if the pattern plays out as expected. The coin is currently consolidating within the $2.50 to $3.00 range, and a successful breakout could lead to a notable price increase. Other potential catalysts for XRP's growth include speculation around the imminent launch of an XRP exchange-traded fund (ETF) in the United States.