Amid the ongoing Ripple vs SEC case, XRP is witnessing substantial interest from institutional investors. Recent Ripple court victories boost confidence in XRP’s potential.

Ripple vs SEC Update

Ripple is preparing to file appeals in the Second Circuit Court. The SEC’s decision to challenge Judge Torres’ ruling, which imposed a $125 million penalty instead of the nearly $2 billion initially sought, has drawn criticism from the crypto community. Ripple CEO Brad Garlinghouse emphasized that the cross-appeal aims to counter the SEC’s regulatory overreach.

Regulatory Scrutiny

Former SEC lawyers suggest that the agency may focus on secondary sales of XRP in its appeal. This raises significant concerns about regulatory consistency, especially when comparing XRP to Ethereum. Legal experts criticize the SEC’s approach, highlighting inconsistencies in enforcement actions across different cryptocurrencies.

XRP Current Market Position

Despite bearish market sentiment, XRP shows resilience, trading within a tight range with support levels around $0.50 and $0.64. Although technical indicators hint at potential volatility, a complete decline to zero is considered unlikely in the near term. Historically, XRP experienced two major price surges: the first was a 41,000% increase post the 2016 Bitcoin halving, and the second only a 1,000% rise amid the SEC lawsuit, highlighting the asset's struggles.

If Ripple can navigate its legal challenges and forge strategic partnerships, XRP could recover significantly. However, regulatory challenges continue to weigh on its price prospects.