Attorney Fred Rispoli has downplayed concerns about the ongoing SEC appeal in the XRP lawsuit, stating that a ruling likely won't be issued until 2026. This reduces the immediate impact on XRP’s price, despite ongoing legal developments. Ripple has also requested a stay order on the $125 million penalty it owes to the SEC, adding a new twist to the case.
No Immediate Impact from SEC Appeal, Says Attorney
Fred Rispoli reassured the XRP community that there is no need for panic over the potential SEC appeal, which could be filed as soon as October 7. Even if the appeal is accepted, a final ruling is unlikely before 2026, giving XRP more time to navigate the legal landscape without significant short-term repercussions.
Rispoli explained that the SEC's multiple lawsuits against crypto exchanges and other securities allegations have diluted the importance of an appeal in the Ripple case. He emphasized that any future challenges Ripple faces are unlikely to be solely due to the SEC lawsuit, as other market factors could have a greater impact on the company’s trajectory.
The likelihood of an SEC appeal has increased since Ripple and the SEC reached an agreement regarding the monetary judgment. Under this arrangement, 111% of the judgment amount will be held in trust and only released to the SEC either 30 days after the appeal deadline passes or when the appeal process concludes.
XRP Price Shows Little Reaction to Positive Developments
Attorney Bill Morgan has also commented on the minimal effect recent Ripple announcements have had on XRP’s price. Despite Ripple revealing plans to introduce smart contract capabilities on the XRP Ledger (XRPL) and launch its USD-pegged stablecoin, RLUSD, the token’s price has remained stagnant.
Morgan also questioned the application of the Howey test to XRP, suggesting that recent developments have made it difficult for investors to reasonably expect profits from Ripple’s efforts alone.
Currently, XRP is trading at $0.5535, down 3.5% over the past week. On-chain data shows an increase in short positions, with some analysts predicting a potential 15% price drop from current levels despite positive news from Ripple.
As the legal battle drags on and market conditions fluctuate, XRP’s price continues to face uncertainty, though the delayed SEC appeal ruling may provide some breathing room for the cryptocurrency.
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