XRP is currently facing a lot of volatility related to the lawsuit between the SEC and Ripple. The SEC has filed an appeal against the July 2023 ruling that XRP sales are not securities. If the appeal is successful, this could lead to stricter regulations for XRP and cause its price to plummet to around $0.40

In addition, the market is waiting to see what the SEC will do next in this legal battle. Investors should keep a close eye on the new developments from the court and the SEC, as they will be a major determining factor for the value of XRP in the near future

Some positive predictions suggest that if the SEC fails to win its appeal, this will remove legal concerns and could create an opportunity for XRP to reach new highs, especially as more banks and financial institutions can use XRP to make cross-border payments

If you are an XRP investor, pay attention to the news related to this lawsuit, as the new rulings could have a strong impact on the price trend of XRP in the near future.