Eyes Turned To April 6 In Ripple SEC Case: How Will XRP Price React?

In the case between #Ripple (XRP) and #SEC, eyes are turned to the new hearing, which will appear on April 6.

The litigation process between Ripple and the United States Securities and Exchange Commission (SEC) is in full swing. At the moment, all eyes are turned to the new hearing that will take place on Tuesday, April 6, after the latest developments.

↘️Recent Advances in the Ripple SEC Case
On March 31, Ripple requested Judge Sarah Netburn to temporarily keep the four documents secret. Netburn then asked Ripple and the SEC to agree on corrections by April 2.

On April 1, SEC and Ripple lawyers sat down at the table and agreed to keep two of the 4 documents confidential. Documents that will remain confidential, according to the statements: An e-mail between Ripple CEO Brad Garlinghouse and Rippleworks, the company's non-profit VC arm, and an e-mail between the anonymous parties regarding the general perception of XRP and the control of Ripple.

Ripple's legal team, on the other hand, announced that no agreement was reached on the other two documents. These are related to sensitive information regarding the initial release of XRP , including personal financial information from Ripple executive Chris Larsen and information gathered from discussions with the advisor .

↘️Trial on April 6
According to lawyer Jeremy Hogan , these documents will not change the course of the case, and the most important day is April 6th. Hence Hogan thinks that the talks and documents mentioned are just show.

Stating that these moves have no use in the case, Hogan states that the real big event has been overlooked and that everyone is actually focusing on the hearing that will take place on Tuesday, April 6.

In addition, the lawyer said in a statement on Twitter that he is not sure whether the SEC has sufficient evidence against Ripple.

↘️How April 6 Affects XRP Price?
Before the hearing on April 6, the price of XRP is seen to be in the range of $ 0.58 to $ 0.60, which is not a critical level and investors are not worried.

In addition, analysts state that XRP reacted sharply immediately after the announcement that a lawsuit was filed against Ripple, but it recovered immediately, and therefore they do not expect a huge reaction, even if it is a negative situation. But if there is a positive explanation at the hearing, the XRP price may go up.