Ripple's XRP token has experienced a significant decline in value after an appeal by the Securities and Exchange Commission (SEC) against a Federal ruling stating that XRP tokens are non-security assets. This development has wiped out all gains the altcoin achieved in the previous month, suggesting a fresh beginning to the ongoing Ripple vs SEC case.
The possibility of further declines is looming, with market analysts predicting that the XRP price might crash to $0.42. This precarious situation has renewed interest and speculation in the continuing legal battle between Ripple and the SEC.
