The ongoing legal dispute between Ripple and the SEC continues to affect XRP's market value. Initiated in 2020, the lawsuit accused Ripple of selling XRP tokens without registering them as securities, which Ripple contested. A partial court ruling last year exempted XRP from being classified as a security.
The SEC's recent appeal of this decision has negatively impacted XRP's price. Despite these legal challenges, there is positive news with increased adoption of XRP in Brazil, indicating potential for future growth in the region.
