$XRP XRP has been making headlines lately, with its price taking a hit due to the ongoing SEC appeal. The SEC's plans to appeal the Ripple case have weighed heavily on XRP demand, causing its price to decline by 4.83% to close at $2.2478 on December 5. However, some experts believe that if the SEC withdraws its appeal, XRP's price could surge past its January 2018 all-time high of $3.5505.

In other news, Ripple's Chief Legal Officer Stuart Alderoty criticized current SEC Chair Gary Gensler for his continued moves against crypto firms, stating that the SEC's claims are "absurd" and "unsupported". This criticism comes as the SEC faces a January 15, 2025, deadline to file its appeal-related opening brief .

On a more positive note, XRP has been experiencing a surge in whale buying activity, which could potentially drive its price up to $2.58. Additionally, Ripple's donation of $25 million to pro-crypto Fairshake has boosted the cryptocurrency's value, with XRP, ADA, and XLM experiencing significant gains .

Overall, XRP's price outlook is heavily dependent on the SEC's decision regarding the appeal. If the appeal is withdrawn, XRP's price could skyrocket, but if the SEC pursues the appeal, XRP's price may continue to decline .

$$XRP