Court date set for XRP

 

The price of XRP rose more than 50% during the week, rising above $ 1 as of Tuesday. Tuesday, April 6, investors are preparing for a hearing, as XRP is raised by Ripple chief executive Brad Garlinghouse's remarks last week.

XRP was trading last week at $ 0.577 on Tuesday, according to CoinDesk's price index. XRP's market capitalization rose over the week to over $ 100 billion. XRP was one of the names that helped the total value of the cryptocurrency market exceed $ 2 trillion.

The price of XRP rises above $ 1 for the first time since 2018.

Meet tonight 9.0 PM Ripple and the SEC will meet via teleconference, according to the court document dated March 24th. After calling (877) 402-9757 at this time, people will be able to listen to the hearing live by entering the code 7938632 and pressing#.

According to court rules, citizens participating in a teleconference are not allowed to receive audio or visual recordings or publish them.

Attention is paid to today's hearing

Ripple and the SEC have discussed over the past few weeks whether some documents should be sealed.

Attorney Jeremy Hogan, who is impartial in the case, said these discussions were not critical to the case, adding: “focus on the trees and don't lose sight of the forest." said. According to Hogan, what people really need to focus on will be the April 6 hearing.

The parties had previously appeared before Judge Sarah Netburn on March 19. “As far as I understand, XRP not only has value as a currency, it also has a function that distinguishes it from Bitcoin and Etheros, " Netburn said during the hearing.” used the phrase.

Ripple chief executive Brad Garlinghouse said in an interview last week that he “believes they will win the case.”