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Regulatory Appeal Complicates XRP Situation

by

2 hours ago

The recent appeal by the U.S. regulator in its case against Ripple may impact XRP's price, causing caution among investors.

Ripple's Legal Situation

The SEC's appeal addresses court decisions about XRP sales on exchanges and personal sales by Ripple's CEO Brad Garlinghouse and co-founder Chris Larsen. The regulator does not challenge the ruling that XRP is not a security but requests a review of these aspects.

XRP Price Volatility

Analysts caution about possible XRP price swings in the near future. Due to ongoing legal uncertainty, the token's value might vary between $0.50 and $0.80 by the end of the year.

Bitget analyst Ryan Lee believes that unexpected developments could significantly influence XRP's price.

Market Impact and ETF Prospects

Amid legal uncertainty, investors adopt a more cautious stance. Developments with XRP and involvement of organizations like CME Group spark discussions on the potential launch of XRP-based exchange-traded funds.

The outcome of the appeal could significantly affect XRP's price and the market as a whole. While the market awaits final decisions, involvement of major players may drive the development of XRP's ecosystem.

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