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$XRP holders, listen up! Ripple’s ongoing battle with the SEC has taken another sharp turn. On October 2, 2024, the SEC filed an appeal challenging the previous court ruling that declared secondary sales of XRP not to be securities under U.S. law. This development sent shockwaves through the market, causing the price of XRP to plummet by 12% to around $$ 0.53 — its lowest level in the past three weeks.

Ripple CEO Brad Garlinghouse, along with his legal team, expressed frustration with the appeal, insisting that the SEC’s actions are not only detrimental to Ripple but also to the entire cryptocurrency industry. With so much uncertainty clouding $XRP’s future, some market analysts are advising traders to consider reevaluating their XRP positions as further declines could be on the horizon.

If you’re holding $XRP, now is the time to carefully reevaluate your strategy. With so much at stake, keeping an eye on how this legal situation plays out is essential. Are you ready for what comes next in this ongoing saga? ⚖️💥 Stay posted and don’t forget to follow for updates, like, share, and leave your thoughts in the comments!