Ripple Responds to SEC in XRP Lawsuit, Aiming for a Win: Could a Substantial Price Surge to $1 be Anticipated?

Ripple has retaliated against the SEC’s attempt to retain the expert testimony of Andrea Fox, an accountant from its Enforcement Division. The company argues that Fox did a poor job summarizing its financial situation and accuses the SEC of ambushing them by not disclosing her in advance. The ongoing battle between Ripple and the SEC has reached a critical point, with Fox at the center of the latest dispute. The SEC filed a motion to defend its inclusion of Fox as a summary witness, but Ripple quickly responded with its own motion to have her struck. Ripple argues that Fox cannot be considered a mere summary witness, as her analysis of the company’s financial records requires expertise. The company also points out that even if Fox were a summary witness, the SEC was required to disclose her before the close of delivery, as agreed upon in a joint letter. Meanwhile, the price of XRP remains bearish, trading below the 50-day and 200-day exponential moving averages. Technical indicators suggest that XRP bears will continue to dominate in the short term, but the outcome of the Ripple case could significantly impact the token’s price movement.