Ripple’s fair defense takes center stage in determining judicial outcome. XRP struggles to attract investment as the lawsuit discourages investors. Ripple [XRP] is back in the spotlight courtesy of its recent filing regarding its lawsuit filed by the SEC. The new filing focuses heavily on Fair Notice defense, which has been part of Ripple’s argument […]
The filing might allow Ripple some legal leverage against a potential scenario where the judiciary might go against the fair notice defense. The same defense might weigh heavily on the outcome of the final ruling. The timing of the ruling is still not clear, although Ripple CEO Brad Garlinghouse stated that it should be in 2023.The lawsuit has undoubtedly hindered Ripple’s progress, as well as deterred investors. The impact is evident in XRP’s performance.
To put it into perspective, XRP has been hovering near the $0.37 price range since 25 February.Low investor confidence in XRP is reflected in the weighted sentiment. The latter remained in bearish territory since the last week of February. In addition, Ripple network’sThe impact is particularly visible in the number of active addresses. The highest number of active addresses since the start of March is just over $25,000, and just over 36,000 in the last four weeks.
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