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Ripple’s XRP Summary Verdict Positive for Coinbase, Price Target Raised to $120 by Needham

US District Court docket’s ruling that Ripple’s XRP token shouldn’t be thought-about a safety if offered by an trade or by programmatic gross sales is constructive for Coinbase (COIN) shares because it units a precedent That promoting tokens by exchanges, no less than within the case of XRP, has not violated securities legal guidelines, dealer Needham stated in a analysis report on Friday.

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