Ripple: Why settling with SEC could be disastrous, U.S. Congress candidate opines

• An American politician who is well-known gave her opinion about the Ripple- SEC settlement
• Charles Hoskinson agrees with her about possible adverse repercussions

January Walker, U.S. Congress candidate in 2024 believes that there has been a settlement of 15 December rumors. Ripple [XRP] giving in would be a screw-up on the firm’s part.

Walker stated that Ripple was not the only party to be affected. She also noted that the global crypto industry and the entire world could feel the effects. 

The actions of America are watched by the entire world. It is the US that sets the standard for how the government treats each of us. Instead of fighting against each other and claiming that one group is superior to another, we should work together to create the right legislation.

— January Walker (@UtahPolitician) December 12, 2022

Read XRP’s Price Prediction 2023-2024

To avoid disaster, fight until the last

Walker responded to her tweet by stating that Walker believed the two-year-old matter could have been better handled with proper legislation. She admitted that the U.S. regulators and the concerned authorities had not done the case justice.

“The world follows the actions of the USA, and how the government handles one of us, sets precedence for how they handle all of us. Instead of battling against each other claiming one group is better than another we need to work together for the right legislation.”

Several comments followed Walker’s opinion. Some people thought the settlement was unfair. better than losing. The U.S. candidate’s response was not so positive. reflected her belief Ripple could not lose the case on neutral grounds.

Even though there were unconfirmed reports indicating a 2023 verdict, the long-running battle has not ended. Ripple was the last person to have heard about this case. Alerting Its community of potential SEC A mistake could cause the token to be destroyed.

Walker wasn’t the only one who was prone to catastrophic settlement outcomes. Cardano outspoken [ADA] Charles Hoskinson was also a founder.

Proof-ofStake (PoS), the CEO of the blockchain project, was among the first to warn about speculation. His 12 December YouTube sessionHoskinson stated that he expected payment firms to continue working on the case until the end. He stated that a settlement would lead to catastrophic consequences.

For XRP, it’s all about winning

Despite the pillars-to-post discussions, XRP weighed it in at 2.34% increase. Relative Strength Index (RSI), which is shown on the XRP/USD daily charts, confirmed that the token-buying momentum was not strong at 44.97.

It was not overbought as the RSI wasn’t even close to 70. It was closer to 30 which indicated that XRP had just recently left the oversold area. Additionally, it was partly behind bearish momentum. 

Source: TradingView

Bollinger Bands (BB), as the name suggests, was not affected by extreme or flat volatility. The BB was mainly contracting, which implied a tight XRP trade pattern. The BB was close to the lower band, which indicated that XRP wasn’t fully out of oversold territory.

Ripple and Brad Garlinghouse, its CEO, did not comment on settlement speculation at press times. Neither has the SEC nor Ripple’s general counsel, Stuart Alderoty.