The US SEC has decided to appeal a federal court ruling from last year that determined XRP is not a security, shaking up the cryptocurrency market and the XRP market in particular. This announcement has resulted in a 1.2% drop in XRP prices over the last 24 hours.
Prior to the announcement, XRP opened at a price of approximately $0.6405 on September 30. The appeal by the SEC could potentially influence trader sentiment and future price movements of XRP as investors reassess their positions.
The financial landscape for XRP is uncertain, but with increased regulatory scrutiny, the future for this digital asset may either face more challenges or possibly trigger a hidden bull run, depending on the outcome of the appeal and market reactions.
