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As we approach 2024, the crypto market is buzzing with anticipation and uncertainty. Here's what’s unfolding in the world of XRP and Bitcoin today:
🔍 Ripple Case Appeal: Will XRP Soar or Sink?
The Ripple vs. SEC saga is heating up as the January 15 deadline looms. Here’s what you need to know:
1. SEC Appeal Uncertainty
Former SEC lawyer Marc Fagel speculates a potential withdrawal of the SEC’s appeal, which could set a historic legal precedent for XRP and the crypto industry.
If the SEC proceeds, XRP may face intense selling pressure, dropping below $1.50.
A withdrawal could trigger a rally, pushing XRP toward its 2018 all-time high of $3.55 and paving the way for XRP-spot ETFs.
2. SEC Leadership Transition
Gary Gensler’s exit on January 20 sparks hope for a pro-crypto shift.
Incoming SEC Chair Paul Atkins faces a balancing act, potentially signaling a shift in the agency’s stance on crypto enforcement.
3. XRP Price Update
XRP closed at $2.1537 on December 26, declining 6.21% due to market uncertainty.
Near-term price trends hinge on the SEC's next move: a filing could mean a drop, while a withdrawal might signal a rally.$SOL