Impact

James

Coin

<ul class="news-points wp-block-list">
 <li>XRP recently recovered to $0.537 after a significant drop due to the SEC’s appeal in the Ripple case.</li>
 <li>The SEC’s appeal, now filed in the Second Circuit, questions aspects of Judge Torres’ ruling.</li>
 <li>Market sentiment remains mixed, with some predicting a potential rise to $0.95 despite ongoing legal uncertainties.</li>
</ul>
XRP has slowly started to recover after last week’s bearish pressure caused by the SEC’s motion to appeal in the Ripple case. At that time, XRP had plummeted by over 17%, dropping from $0.6058 to $0.5101.
As of today, XRP has established an intraday high of $0.5435 but is currently trading at $0.537 after a brief pullback. Essentially, XRP has yet to fully recover from the SEC-induced price drop, as the $0.60 level remains elusive.
The latest development is that the U.S. SEC’s appeal against Ripple is now filed in the Second Circuit’s PACER system. Defense lawyer James Filan shared this update, confirming the appeal is officially in the appellate court system.
This marks the beginning of the appellate process, allowing the court to review Judge Analisa Torres’ earlier decision to assess any potential errors.
<h2 class="wp-block-heading" id="h-will-the-sec-action-impact-xrp-further">Will the SEC Action Impact XRP Furth…</h2>
The post <a href="https://coinedition.com/xrp-slowly-recovers-but-sec-appeal-continues-to-weigh-on-price/" rel="noopener noreferrer nofollow">XRP Slowly Recovers, But SEC Appeal Continues to Weigh on Price</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Slowly Recovers, But SEC Appeal Continues to Weigh on Price

Table of Contents

Coin Edition

Other articles published on Oct 7, 2024

POPCAT, WIF’s 20% surge ignites meme tokens rally amid market buzz

Call of Duty makes fun of PC players

ELONMAN Solana Memecoin Will Skyrocket 14,000% Ahead of Exchange Listing, As SHIB and BONK Lag

Scammers Targeting TON Network Halt Their Operations

BingX Exchange Hit by $26M Crypto Theft: Report

New Solana Memecoin Dumb Kamala (DUMBKAMA) Will Skyrocket 16,000% Ahead of Exchange Listings, As ...

Join our free newsletter for daily crypto updates!