Ripple and SEC Legal Battle Continues

🔹 The lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) will mark four years in December. Ripple made significant gains this summer when a U.S. judge ruled that it should pay a $125 million fine instead of $2 trillion.

🔹 The SEC unexpectedly appealed the ruling yesterday and continues to maintain that XRP is a security. The price of XRP fell 15% after this news.

🔹 However, analysts and Ripple supporters are not impressed by these developments. They say that the value of XRP is independent of the lawsuit. 🎯

🔹 Popular analyst Oscar Ramos predicts that Ripple will win the case, which will be another embarrassing moment for SEC Chairman Gary Gensler. Ramos noted that XRP is not a security under current regulations and that he is buying more XRP. 🚀