Ripple is facing extended legal challenges due to the SEC's recent decision to appeal a favorable court ruling, which is impacting XRP Coin's value. XRP is currently struggling at a price of $0.53.
The downturn in XRP's value is also influenced by the recent decline in Bitcoin prices, exacerbating the pressure on XRP in the market.
The prolonged legal battle is anticipated to continue affecting XRP's price performance, highlighting the intertwined nature of legal issues and market valuation in the cryptocurrency space.
