The SEC has until October 17 to finalize its appeal of the Ripple case, and the entire process could take until July 2025. Despite this, analysts are hopeful about the future of XRP, especially if the price of Bitcoin rises 📈.
The legal battle between Ripple and the SEC continues. The SEC has filed an appeal against the 2023 ruling that ruled that secondary sales of XRP are not sales of securities.
Ripple and the SEC have until October 17 to file forms clarifying their positions. The full process could take until July 2025, which could add uncertainty and impact the price of XRP.
Despite the fluctuations in the price of XRP, many analysts see potential for growth if Bitcoin rises above $67,000.