Those holding $XRP, take note! The continuing conflict between Ripple and the SEC has taken a dramatic turn. The SEC filed an appeal on October 2, 2024, contesting the earlier court decision that ruled XRP's secondary transactions were not securities under US law. The market was rocked by this revelation, which resulted in a 12% decline in XRP's price, which saw it drop to $0.53, the lowest level in the previous three weeks.
Along with their legal team, Brad Garlinghouse, the CEO of Ripple, voiced frustration about the appeal, stating that the SEC's actions are detrimental to the cryptocurrency sector as a whole in addition to Ripple. Given the uncertainties surrounding the future of $XRP, several market professionals are recommending traders to think about reassessing their positions because more drops may be in store.
If you are a $XRP holder, this is the moment to thoroughly review your approach. It's crucial to monitor the course of this court dispute given the significant stakes involved. Are you prepared for this continuing saga's next chapter? 💥Remain informed and don't forget to like, share, follow, and comment with your opinions!
