Update ON $XRP

The Ripple vs SEC lawsuit continues to evolve, with the possibility of an SEC appeal still looming. However, Ripple's Chief Legal Officer, Stuart Alderoty, believes the SEC has only a 10% chance of winning an appeal.

Alderoty recently stated that a resolution to the lawsuit could be reached within 24 days. Ripple has expressed willingness to pay the $125 million fine and settle the case.

Alderoty also expressed skepticism about the SEC's potential appeal, citing historical data showing that less than 10% of appeals in the second circuit result in the reversal of lower court decisions.

Regardless of the appeal outcome, the court's ruling stands that $XRP secondary market sales are not classified as securities under current law.

As the lawsuit nears its settlement phase, market analysts are speculating about the potential introduction of an $XRP ETF. Top market players like Binance US have expressed interest in exploring the next phase of growth for XRP.

The #Xrp🔥🔥 price briefly surged past $0.65 following the $125 million Ripple penalty but has since retreated to around $0.592 due to broader market volatility.