XRP Price Trends Amid SEC Appeal Speculation

While US political developments drew investor interest on Friday, uncertainty about SEC plans to appeal rulings in the Ripple case remains an XRP headwind. This week, pro-crypto lawyer Fred Rispoli saw an increased chance of an SEC appeal, saying,

“IMO 60/40 in favor of appeal.”

Price trends will likely depend on an SEC appeal against rulings in the Ripple case. If the SEC appeals, XRP may drop below $0.40. Conversely, XRP could target $1.00 if the SEC does not file an appeal notice, mirroring the market’s response to the Programmatic Sales of $XRP ruling.