• Payments giant Ripple has caused more trouble for the SEC than anyone in the cryptocurrency industry.
  • The head of policy at the American Blockchain Association says Ripple is fighting the toughest fight of their career.
  • Ripple recently scored a victory in court when Judge Sarah Netburn asked the SEC to disclose documents regarding Hinman’s speech.
  • Analysts believe that the Ripple price is currently consolidating within a potentially symmetrical triangle, setting a target of $2.31.

Proponents argue that the outcome of the SEC vs. Ripple case has implications for the entire cryptocurrency ecosystem. Ripple has been trading into a battle with the SEC since December 2020, with the payments giant winning a recent ruling by Judge Netburn.

Analysts predict Ripple price to rise after recent court ruling win

Jake Chervinsky, head of policy at cryptocurrency advocacy firm Blockchain Association of America, praised Ripple for continuing to defend itself against the SEC's charges.

Chervinsky is considered an expert on cryptocurrency regulation. The advocate believes Ripple has caused the most trouble for the SEC, more than any other cryptocurrency project and Tesla CEO Elon Musk.

Chervinsky is quoted as saying.

Regardless of your opinion of Ripple, two things seem clear: they have caused more trouble for the SEC than anyone in the cryptocurrency space, and probably more than anyone at any time, including Elon [Musk, CEO of Tesla and SpaceX]. They are the main controversy in securities law, if only because they will fight to the death like those who caved in and settled.

Ripple's legal dispute with regulators set a precedent for the entire cryptocurrency industry.

Analysts assess Ripple price trends and predict a rise in cottage coin prices. Cryptocurrency analyst and trader @DaCryptoGeneral believes that Ripple price is currently consolidating within a potentially symmetrical triangle. The analysts expect Ripple price to rise significantly and have set a target of $2.31 for the cottage coin.

$ Ripple (1D); Price is currently consolidating within a potential symmetrical triangle. I expect the price to rise sharply once the breakout of the symmetrical triangle is confirmed, with the price rallying to a key level around $2.31 as the target of the symmetrical triangle pic.twitter.com/iL1sPR55wy

– CRYPTO GENERAL (@DaCryptoGeneral) January 17, 2022

FXStreet analysts note that the Ripple price trend looks bullish and the cottage coin could reach $1.