James

<p>As reported by <strong>The Bit Journal</strong>, the ongoing lawsuit between Ripple and the SEC remains a key topic of interest in the crypto world. The SEC’s silence on whether it will file an appeal has left investors anxious. If the SEC does not file, it could have a positive impact on XRP’s price, while a last-minute appeal could dramatically shift the market. This uncertainty is closely watched by the investor community.</p> 
<h2 id="differing-opinions-among-lawyers">Differing Opinions Among Lawyers</h2> 
<p>Crypto advocate attorney Fred Rispoli estimates a <strong>60% chance</strong> that the SEC will file an appeal in the Ripple case. He notes that <strong>Elon Musk</strong>’s stance on crypto payments through his X platform might ease the regulatory pressure from the SEC. However, no final decision has been made regarding the appeal.</p> 
<p>On the other hand, former SEC lawyers Marc Fagel and James Farrell believe that not filing an appeal would weaken the SEC’s authority. They argue that the SEC is likely to file within the next two weeks. Investors, meanwhile, are waiting to see if and when this will happen.</p> 
<h2 id="xrp-price-fluctuations-continue">XRP Price Fluctuations Continue</h2> 
<p>XRP’s price could react significantly to the outcome of the appeal. If the <a href="https://thebitjournal.com/sec-grants-critical-approval-for-bitcoin-a-new-era-begins/" target="_blank" rel="noopener">SEC</a> moves forward with an appeal, analysts predict that XRP might fall below <strong>$0.40</strong>. However, without an appeal, XRP could rise to <strong>$1.00</strong>. Currently trading at around $0.60, XRP has seen a 25% drop in trading volume in the past 24 hours, reflecting investor uncertainty.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-45796" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/for-a-news-article-about-the-Ripple-vs.-SEC-lawsuit-and-XRPs-uncertain-future.-The-image-features-a-large-XRP-logo-with-a.webp" alt="Uncertainty in Ripple vs. SEC Case: What’s Next for XRP? = The Bit Journal" width="1792" height="1024" title="Uncertainty in Ripple vs. SEC Case: What’s Next for XRP? 28"></p> 
<p>Many hope that if the SEC decides not to appeal, XRP could experience a strong rally. However, ongoing uncertainty in the crypto markets has led many to adopt a cautious approach, with the outcome of the Ripple case seen as a major factor in shaping the market’s future.</p> 
<h2 id="ripple-s-strategy-and-ceo-s-confidence">Ripple’s Strategy and CEO’s Confidence</h2> 
<p>Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have been clear that Ripple does not intend to appeal. Ripple has suspended its $125 million fine payment to the SEC until the appeal process is concluded, demonstrating confidence in its position. Garlinghouse has stated that if the SEC does not appeal, XRP is likely to rebound. Despite the ongoing uncertainty in the crypto markets, Ripple aims to strengthen its position.</p> 
<h2 id="expectations-and-market-outlook-for-ripple">Expectations and Market Outlook for Ripple</h2> 
<p>The SEC’s decision on whether or not to appeal will be crucial for XRP’s price trajectory. The market remains volatile amid this uncertainty. If the SEC does not appeal, XRP could rise to <strong>$1.00</strong>; however, if an appeal is filed, the cryptocurrency could face downward pressure. Investors are closely monitoring the situation, knowing that either outcome could lead to significant changes for XRP.</p>

Uncertainty in Ripple vs. SEC Case: What’s Next for XRP?

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The Bit Journal

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