Coin

<ul class="wp-block-list news-points">
 <li>XRP drops as SEC appeals key rulings, sparking uncertainty in Ripple’s legal battle.&nbsp;&nbsp;</li>
 <li>SEC challenges rulings on disgorgement and programmatic XRP sales by Ripple.&nbsp;&nbsp;</li>
 <li>XRP may fall below $0.50, with bearish signals and legal uncertainties mounting.</li>
</ul>
The ongoing legal tussle between the SEC and Ripple has raised the volatility in XRP’s pricing. As a result, XRP dropped sharply below the $0.55 level, reaching a low of $0.5222 on October 3. Investors stay worried that the SEC’s appeal could bring down XRP’s price below $0.50.
Recent trading also showed XRP under pressure, lagging behind the broader crypto market. To note, the crypto market fell slightly by 0.15% while Ripple lost 3.08%.
The SEC’s Notice of Appeal, filed on October 2, indicates their intent to challenge certain aspects of the recent rulings in the SEC v Ripple <a href="https://coinedition.com/ripple-lawsuit-sec-appeal-could-delay-decision-until-2026/" rel="noopener noreferrer nofollow">case</a>. The SEC is particularly interested in the court’s decisions on two major issues.
First, the court denied the SEC’s request for Ripple to pay a $1.1 billion disgorgement, which the SEC sees as a significant setback. Second, the ruling on the programmatic sales of XRP, where the court found that these sales did not meet the c…
The post <a href="https://coinedition.com/sec-appeal-spooks-xrp-investors-will-it-fall-below-0-50/" rel="noopener noreferrer nofollow">SEC Appeal Spooks XRP Investors: Will it Fall Below $0.50?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SEC Appeal Spooks XRP Investors: Will it Fall Below $0.50?

Coin Edition

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