Skyrockets To $0.68, Crypto Lawyers See 99.9% Win For Ripple!

<p>&nbsp;"It's going crazy high, investors must be impatient to see the price of XRP go past $0.70."</p><p><br /></p><p>The cryptocurrency Ripple (XRP) early this morning gave a surprise when its price managed to pass $0.68 where last Friday the digital asset was still trading between $0.59 and $0.61.</p><p><br /></p><p>John Deaton, a pro-XRP lawyer recently shared his perspective on the lawsuit between XRP and the Securities and Exchange Commission (SEC) has viewed a settlement of $20 million or less would result in a legal victory in favor of the digital asset.</p><p><br /></p><p>Not only that, Deaton also expressed his disapproval when there was a notion that the victory of the lawsuit for the SEC was 50-50.</p><p><br /></p><p><br /></p><p>This is because he thinks the probability for XRP to win is 90-10 following the broader regulatory landscape that surrounds the digital asset is very positive plus XRP is increasingly establishing cooperation with various parties.</p><p><br /></p><p>The current rise in the price of XRP may also be driven by the second round decision in the case between the SEC and Govil which has dealt a major legal blow to the regulator creating a wave of confidence among XRP investors.</p><p><br /></p><p>Recently, Judge Analisa Torres has approved an order regarding the request of the SEC and Ripple who want to propose a briefing schedule, therefore both parties should submit it by November 9, 2023 at the latest.</p><p><br /></p><p>Looking at the price chart, XRP's strong resistance zone is at $0.68, so the price needs to break through that level to continue the rise up to $0.73 but if it fails then the asset can slip back to $0.60 or $0.58.</p><p><br /></p><p>As of this writing, XRP price is up 9.55% at $0.68 in the last 24 hours with a market cap of $36 billion and has recorded a 22.89% climb over the past week.</p>