Pro-Ripple attorney John Deaton is not holding back.
As renewed chatter about a potential pardon for Sam Bankman-Fried circulates, Deaton has sharply rejected any attempt to rewrite the FTX collapse.
He pushed back against claims that the exchange was solvent before bankruptcy, dismissing projections that FTX could have reached a $78B net asset value by 2025.
A chart by Sam floating around claims that if FTX had not collapsed in November 2022, its assets would have exploded higher with the rest of crypto.
Deaton is not buying it.
He says real court findings and real creditor losses matter more than “what if” models, especially when those projections lean on illiquid tokens that may never have delivered that value anyway.
For him, this is about accountability. He does not want the damage to retail investors softened by hindsight math.
It is not directly about XRP fundamentals. But Deaton carries weight in the XRP community because of his role in the SEC fight. His tone fits the pro-law, anti-corruption stance many of his supporters share.
XRP Price Prediction: Could XRP Price React Now?
XRP did break out of the descending channel. That was the first real structural shift after weeks of lower highs. But instead of exploding higher, price stalled near $1.61 and pulled back to retest the breakout zone.
This is the key moment.
If XRP slips back inside the channel and starts printing lower highs again, the breakout turns into a fakeout. That opens room toward $1.30, with $1.10 as the bigger downside scenario.
But if price holds this former resistance as support and bounces, the breakout remains valid. Stay above the channel, and another retest at $1.61 becomes likely.
Clear that level cleanly, and $1.90 comes into view. Woohoo, that could feel like a bull market again, although it seems far-fetched for now.
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The post XRP Price Prediction: Pro-Ripple Lawyer Slams Sam Bankman-Fried Pardon — Could XRP React? appeared first on Cryptonews.
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