XRP recently recovered to $0.537 after a significant drop due to the SEC’s appeal in the Ripple case.
The SEC’s appeal, now filed in the Second Circuit, questions aspects of Judge Torres’ ruling.
Market sentiment remains mixed, with some predicting a potential rise to $0.95 despite ongoing legal uncertainties.
XRP has slowly started to recover after last week’s bearish pressure caused by the SEC’s motion to appeal in the Ripple case. At that time, XRP had plummeted by over 17%, dropping from $0.6058 to $0.5101.
As of today, XRP has established an intraday high of $0.5435 but is currently trading at $0.537 after a brief pullback. Essentially, XRP has yet to fully recover from the SEC-induced price drop, as the $0.60 level remains elusive.
The latest development is that the U.S. SEC’s appeal against Ripple is now filed in the Second Circuit’s PACER system. Defense lawyer James Filan shared this update, confirming the appeal is officially in the appellate court system.
This marks the beginning of the appellate process, allowing the court to review Judge Analisa Torres’ earlier decision to assess any potential errors.
Will the SEC Action Impact XRP Furth…
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