đ The SEC may not be done with Ripple yet! With only 11 days to appeal the ruling, XRPâs future hangs in the balance.
The SEC is reportedly considering appealing the courtâs ruling on XRPâs programmatic sales, as the October 7 deadline looms. Despite Rippleâs recent court victory, the legal battle could continue, potentially impacting XRPâs market performance.
Marc Fagel, a former SEC lawyer, believes the appeal wonât target Rippleâs penalty but rather the legality of XRP sales via intermediaries. With a 75% chance of an appeal, according to legal experts, XRP remains in legal limbo.
đ XRP Market Impact: XRP is currently trading at $0.5834, down 1.4%, with trading volumes dropping amid lawsuit uncertainty. As the October deadline nears, market sentiment may shift depending on the SECâs decision.
All eyes are now on Rippleâs Swell conference on October 14-15, where key announcements are expected, including the potential launch of RLUSD and a much-anticipated XRP-focused ETF. đ
