Ah, the ever-dramatic saga of Ripple‘s XRP! Just when you thought it was safe to look away, a new filing emerges from the abyss of legal chaos, twisting the plot yet again. With XRP barely clinging to the $2 support, and whispers of XRP futures launching on Coinbase, this rollercoaster ride could either skyrocket or plummet into oblivion. Grab your popcorn, folks, this could get interesting.
Decisive Evidence? Or Just Another Hail Mary?
In a recent Twitter update, journalist Eleanor Terrett dropped the bombshell that Ripple’s ongoing SEC case just got a bizarre new twist. An emergency request was filed on April 3, claiming to have some “decisive evidence” in Ripple’s favor. Of course, it’s always exciting when someone uses the word “decisive,” right? But wait—who exactly filed this dramatic plea? That would be none other than Justin W. Keener. Who’s that, you ask? Oh, just a man with a penchant for making legal waves.
NEW: An odd filing just now in the @SECGov vs. @Ripple docket — an emergency request to “present decisive evidence in favor of the defendants and in favor of liberty for the American people.”
The letter, from a man named Justin W. Keener, doesn’t make clear what the so-called…
— Eleanor Terrett (@EleanorTerrett) April 3, 2025
So, what’s in this mysterious filing? Well, Justin claims to have collected some “physical investment contracts.” Sounds fancy, doesn’t it? But, uh, no one knows exactly what these contracts are or how they’ll tip the scales in this case. Still, the filing’s timing couldn’t be more “perfect” with Ripple’s case heading toward a major milestone on April 16. Coincidence? I think not.
Who Exactly is This Justin W. Keener?
Ah, Keener. A name that inspires… questions. You see, Justin isn’t exactly a stranger to legal drama. The SEC, in all its wisdom, previously sued him for being a not-so-registered penny stock dealer. The result? Oh, just a measly $10 million in penalties. So, what’s a guy with such a colorful history doing poking around in Ripple’s legal troubles? Could he be a hero of the people, or is he just stirring the pot for his own personal entertainment? The plot thickens.
XRP Futures: The Next Big Thing? Or Just Another Fad?
If you thought things couldn’t get any more entertaining, here comes Coinbase with their big announcement—XRP futures are launching on April 21. Yes, folks, you can now trade XRP futures, because nothing says “stability” like betting on the future of an already volatile asset. This could draw in institutional investors hoping to manage risk (or perhaps add more fuel to the fire). But hey, what could go wrong, right?
Let’s Talk XRP’s Price (Before It Explodes… Or Doesn’t)
As of now, XRP’s price is wobbling near its $2 support level, like a tightrope walker teetering dangerously close to the edge. In the last 24 hours, it’s seen a modest 2.7% rise, with a market cap reaching $122 billion. But let’s be real—if XRP falls below $2, we might be looking at a freefall to $1.04, which would be a 48% drop. Keep an eye on that 200-day Exponential Moving Average (EMA). If XRP breaks below it, recent gains might evaporate faster than you can say “decisive evidence.” And, just for fun, the Relative Strength Index (RSI) is at 41, showing that sellers are still running the show.
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2025-04-04 12:53