Uncertainty in Ripple and SEC Case: The Future of XRP

As reported by Kriptkoin.com, the Ripple and SEC lawsuit continues to be a topic of great interest in the crypto world. The silence during the appeal process by the SEC is causing concern among investors. If the appeal is not filed, a positive impact on the price of XRP is expected, but a last-minute filing will change the dynamics. This uncertainty has become a matter closely followed by investors.

Different Opinions Among Lawyers

Crypto advocate lawyer Fred Rispoli assesses the probability of SEC filing an appeal in the Ripple case as 60%. Rispoli states that Elon Musk needs to take a more active stance against SEC on cryptocurrencies. He said that Musk's implementation of cryptocurrency payments on the X platform could alleviate SEC's pressure on crypto. However, there is no definite decision yet regarding the appeal application.

On the other hand, former SEC attorneys Marc Fagel and James Farrell believe that not appealing by the SEC would have a negative impact on the institution. According to them, not filing an appeal would question the SEC's strength and authority in the case. Therefore, the likelihood of the SEC filing an appeal within two weeks is high. However, investors are eagerly waiting to see whether this appeal will be filed.

Fluctuations Continue in Ripple Price

The price movements of XRP may vary depending on the outcome of the appeal. If the SEC appeals, it is predicted that XRP could drop below $0.40. However, if no appeal is made, the price is expected to rise up to $1.00. XRP is currently trading at $0.60 and the trading volume has decreased by 25% in the last 24 hours, indicating that investors are struggling to make a decision.

Investors are hoping for a significant rise in XRP's future if the SEC does not make an appeal decision. However, the uncertainty in the crypto markets is causing many investors to be cautious. Especially the outcome of the Ripple case is a big curiosity about how the market will shape.

Ripple and CEO's Strategy

Ripple's CEO Brad Garlinghouse and the company's chief legal officer Stuart Alderoty clearly stated that Ripple has no intention of appealing. Ripple has suspended the $125 million fine it owes to the SEC until the appeal process is completed, in accordance with the court's decision. This situation demonstrates Ripple's confidence in the case and its efforts to maintain control over the process.

Garlinghouse stated that if the SEC does not file an appeal, XRP will rise again. Despite the overall uncertainty in the crypto markets, the company aims to strengthen its position. Ripple's decision not to appeal will create a positive sentiment in the market.

Expectations and Market Outlook for Ripple

Whether or not the SEC files an appeal is critical to the price of XRP. However, the market is experiencing fluctuations due to this uncertainty. If the SEC does not file an appeal, XRP could potentially rise to $1.00. However, if an appeal is filed, it is possible that XRP may lose value and investors may act more cautiously.

The cryptocurrency markets will be shaped according to the outcome of the Ripple case. Additionally, during this process, investors are closely monitoring the future price movements of XRP. It is predicted that XRP could undergo significant changes in both scenarios. Therefore, investors will continue to carefully follow the steps of the SEC.

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