News From Korea Will Support XRP, The Price Is Ready To Skyrocket!

<p>&nbsp;"I guess when XRP is going to break through $1, how long will it take?"</p><p><br /></p><p>The price of the cryptocurrency Ripple (XRP) may be ready to climb higher following the decision of Judge Analisa Torres in the Summary Judgment that the digital asset can be used for other cases in South Korea.</p><p><br /></p><p>Prosecutors in the Terra LUNA trial in South Korea intend to use the decision by the United States (US) court to prove their case in court.</p><p><br /></p><p>According to pro-XRP lawyer John Deaton, the digital asset could make an upward move to reach an all-time high if Bitcoin (BTC) also peaks from its current price.</p><p><br /></p><p><br /></p><p>Reported by the Seoul Public Prosecutor's office, Terra LUNA's claim centers on the token's status as a security, so prosecutors plan to submit papers to prove that the crypto it is founded on is not a security.</p><p><br /></p><p>Chief Prosecutor Dan Seong-han of the Seoul Southern District Prosecutor's Office stated that the office has received a translation of the judgment on XRP from the Southern District Court of New York.</p><p><br /></p><p>Likely to be informed that XRP's partial victory against the Securities and Exchange Commission (SEC) is considered key to rejecting prosecutors' claims that LUNA is a security.</p><p><br /></p><p>However, Judge Analisa Torres of the Southern District Court of New York who ruled in favor of XRP on July 13, 2023 has said that XRP's status as an investment contract cannot be recognized and the decision could raise concerns in the Terra LUNA trial.</p><p><br /></p><p>As of this writing, XRP price has surged by 3.46% at $0.64 in the last 24 hours with a market capitalization of $33 million but still recorded a 7.76% decline over the last week.</p>