The content discusses updates in the SEC v Ripple case and its impact on XRP. The SEC plans to obtain remedies-related discovery that post-dates the December 2020 complaint. They are seeking a punitive penalty of around $770 million and may include Ripple’s financial statements. Some believe the penalty will be less than $770 million. Ripple CEO Brad Garlinghouse remains committed to fighting the SEC and even taking the case to the Supreme Court. He criticizes the SEC for losing sight of their mission to protect investors. The article also includes technical analysis of XRP’s price and potential support and resistance levels.
AI Sentiment: Negative
