XRP community, despite being relatively damaged due to the ongoing SEC and Ripple case, recently received positive news that has somewhat compensated for everything. The pre-trial decision received by Ripple has also reflected on the XRP price, causing it to reach $0.90. However, the case has not yet been concluded and is expected to continue until 2024. One detail shared about the 2024 schedule seems quite interesting.
Ripple CEO Brad Garlinghouse and Chairman Chris Larsen stated that they would not be able to attend the court on a date that is critical for the XRP community and the entire cryptocurrency sector. The court requested the parties to provide a specific plan to create a pre-trial conference and trial schedule. In their response to the court, Garlinghouse and Larsen’s lawyers disclosed the dates on which Ripple executives would not be available for possible hearings.
According to the information and court records, the duo will not be available for a total of two weeks. This period coincides directly with the Bitcoin block reward halving, also known as Bitcoin Halving. According to the countdown to Bitcoin Halving, the block reward will be halved as of April 14, 2024. It is stated in the court that Ripple executives will not be available from April 1 to April 14, 2024.
Although the date of the Bitcoin block reward halving is currently set as April 14, it is known that this can change at any moment depending on the speed of mined BTC blocks. This indicates that the mentioned date can strictly remain within a two-week period. While it is not known for what exact purpose Ripple executives did this or why they chose this date, it is certainly noteworthy that it coincides with the Bitcoin block reward halving.
Despite a sharp decline, the XRP price has started to recover and is trying to sustain itself in the market regardless of the case. XRP has gained a 2% increase in the past 24 hours, showing resistance to the market. The target for XRP here will be $0.55 and above. BTC, on the other hand, is still trading sideways around $26,000.