Ripple’s Chief Legal Officer Stuart Alderoty has delivered significant news to the XRP community. The U.S. Securities and Exchange Commission (SEC) has decided not to appeal Judge Torres’ ruling that XRP is not a security. This development has sparked optimism within the XRP community.

SEC's Focus in the Ripple Case

While the SEC chose not to appeal the decision regarding XRP’s non-security status, it has appealed the summary judgment related to Ripple’s XRP sales on cryptocurrency exchanges and the actions of its executives. The SEC is particularly focused on the sales conducted by Ripple’s CEO, Brad Garlinghouse, and Executive Chairman, Chris Larsen. Additionally, the SEC’s decision not to appeal the $125 million penalty or the restitution process has drawn attention.

Ripple’s Strong Response

Stuart Alderoty assured that Ripple would respond to the SEC’s appeal. He emphasized that XRP’s status as a non-security is now firmly established, encouraging the community to remain patient and vigilant.

XRP Price Expectations

The SEC’s decision not to appeal XRP’s security status has created a wave of optimism in the market. Analyst Egrag Crypto predicts that XRP could rise to $1.50 in the near future. Currently, XRP is trading at $0.55, although there has been an 11% drop in trading volume over the past 24 hours. In the futures market, however, XRP purchases continue to grow, with open positions increasing by more than 2%, reaching $770 million.

In conclusion, while it remains difficult to make definitive predictions about XRP’s future, the market is expected to experience new shifts in the coming weeks.