XRP, the cryptocurrency associated with Ripple, has seen its price plummet by approximately 15% in just three days, now trading at about $0.534. This decline is primarily attributed to the renewed appeal by the United States Securities and Exchange Commission (SEC) in its ongoing legal battle with Ripple.

76.54% of Binance traders go long on the XRPUSDT pair, while 23.46% go for short positions.

A crypto legal expert says the U.S. Securities and Exchange Commission's (SEC) decision to appeal a ruling in the Ripple Labs lawsuit is a huge mistake. The SEC first sued Ripple Labs in December 2020, alleging that the firm was selling the crypto asset XRP as an unregistered security.

XRP has recently caught the attention of market analysts, particularly due to its intriguing price patterns reminiscent of its spectacular rise in 2017. Notable market analyst Lud has shared a fractal-based analysis that suggests XRP may follow a similar trajectory in 2024, potentially pushing its price above $16.

On October 2, the U.S. Securities and Exchange Commission (SEC) filed a notice of appeal in the Ripple lawsuit, aiming to challenge a decision made by Judge Analisa Torres. This appeal focuses on the 2023 ruling that determined secondary transactions of Ripple's XRP did not qualify as securities sales.

Despite registering sizable gains over the weekend, XRP was off to a relatively slow start this week. Notably, the seventh-largest crypto asset saw its value surge as high as $0.66 last week.

XRP has been volatile; it is presently trading at $0.53 and is trying to sustain momentum above $0.5, which puts it up against both resistance and support levels. Due to the fact that XRP is hovering around these critical technical zones, traders are keeping a close watch on three key price levels that could dictate the company's next move.

Cryptocurrency Market Overview: This week's increased volatility in the cryptocurrency market was caused by geopolitical concerns like the Israel-Iran dispute. With a Fear & Greed Index of 41, market sentiment declined while the global market cap grew somewhat by 0.34% to $2.16 trillion.

XRP has faced significant volatility in recent weeks, recently experiencing a sharp drop of 23.7% due to a combination of geopolitical tensions and Ripple's ongoing legal issues with the SEC. After hitting a low of $0.506, XRP is attempting to stage a recovery, but key support at the $0.50 level is proving crucial.

Coinbase, the leading U.S. exchange, wants to use the Securities and Exchange Commission's appeal in the Ripple case to its advantage.

In the ongoing legal dispute with the SEC, Coinbase has requested the presiding judge to allow an interlocutory appeal, which is an appeal made before the final resolution of a case.

The wake of the SEC's decision to appeal a court ruling regarding XRP, the cryptocurrency community is rife with concern about potential negative impacts on the asset's price. However, experienced market analyst Bobby A has taken to X (formerly Twitter) to offer an alternative perspective, suggesting that the current scenario may present a significant opportunity for investors.

XRP declines as SEC's appeal strategy stirs market uncertainty, with key rulings looming over Ripple.

The SEC recently filed an appeal in the ongoing SEC vs. Ripple case, challenging Judge Torres' ruling. Many analysts have already discussed reasons why this appeal likely won't succeed, given the low odds of overturning the original decision.

The crypto universe has closed another week with remarkable events unfolding across the wider sector. The Israel-Iran conflict brought significant turbulence to the broader market, whereas the recent U.S. jobs data sparked further investor speculation.

The U.S. Securities and Exchange Commission (SEC) is appealing a recent court ruling that largely favored Ripple Labs. This legal battle, which has captivated the cryptocurrency community, has major implications for Ripple, XRP, and the broader regulatory landscape for digital assets in the United States.

Coinbase writes a letter to the Southern District of New York asking the court to reconsider its appeal.

XRP has emerged as the top trending token, according to data from the analytics platform Santiment. This surge in interest comes on the heels of notable increases in whale activity, trading volumes, and social media engagement surrounding the Ripple-affiliated token.

Referencing the SEC's latest appeal, American cryptocurrency exchange Coinbase have requested that the court revisit its motion for interlocutory appeal. Notably, the US SEC may have shot itself in the leg by appealing Judge Analisa Torres's July 13, 2024 ruling in favor of Ripple.

XRP is seen swiftly recovering from significant selling pressure that forced its value towards the $0.50 level, earlier this week. The figure marks a notable improvement from the low of $0.5101 that XRP tested on Thursday after the SEC announced its intention to appeal. However, XRP is still nursing a 9.

Max Keiser, a financial journalist and the host of RT's Keiser Report, has once again disparaged the Ripple-promoted token XRP, asserting that its investors will never witness a much-anticipated parabolic rally.

Legal expert Fred Rispoli has stated that Ripple has a better chance of winning the US Securities and Exchange's (SEC) appeal in their lawsuit if an unbiased panel is sitting on the case. However, he claimed that the Commission would likely have a 70% to 80% chance of winning if the Judges who sit on

The XRP price shows a modest downtick of 0.22% during the Saturday trading session. Amid the geopolitical tension and recent appeal by the U.S. SEC, the Ripple coin struggles to drive a sustained recovery and prolong a sideways trend.

In the latest development of a long-running legal saga, Coinbase has asked the judge presiding over its battle with the SEC to grant its request for an interlocutory appeal, or an appeal granted before the resolution of a case, in light of the agency's recent appeal of its separate case against web3 payments firm Ripple.

The Securities and Exchange Commission (SEC) sued Coinbase in June 2023 and accused the company of selling unregistered securities.

Amid increased price volatility in the cryptocurrency market, top tokens continue recording a mixed price sentiment. Moreover, limelight tokens such as Bitcoin, Ethereum, and XRP are currently hovering close to critical ranges.

XRP price has seen a significant downturn in its price recently, dropping from $0.64 to $0.52, marking an 18% crash. However, the altcoin is now focusing on recovering this loss, with a key group of long-term investors potentially playing a vital role in driving this recovery.

The SEC has filed an appeal against a previous ruling that deemed programmatic sales of XRP as not constituting investment contracts, a decision that significantly reduced the penalties Ripple faced. However, there has been a lot of confusion regarding this appeal and XRP enthusiasts took to social media to express their frustration.

Most of the coins remain in the green zone today, according to CoinStats.

Ripple-affiliated cryptocurrency XRP has become the top-trending digital asset recently due to key factors that have sparked heated discussions. Increased crowd chatter could be a sign of a forthcoming retail investor frenzy.

XRP price has gained notable traction lately, especially amid the ongoing legal developments in the crypto space. Notably, the US SEC has officially filed an appeal in the Ripple SEC case, which has sparked discussions in the broader crypto market.

Ripple's native token, XRP, finds itself under pressure. Recent data reveals a troubling trend for XRP holders, especially with a notable increase in reserves on Binance, one of the largest cryptocurrency exchanges in the world.

The court acknowledged the United States Securities and Exchange Commission's (SEC) appeal against some aspects of Judge Analisa Torres's July 13, 2023, ruling in favor of Ripple. It was docketed Oct. 4 on the U.S. Court of Appeals for the Second Circuit PACER docketing system.

Ripple (XRP) has been grappling with a persistent downtrend, recently finding mild support at $0.5250. Despite the slight recovery, XRP price has lost 24% over the past week, plunging from $0.67 to a low of $0.51

The cryptocurrency market is no stranger to volatility, but recent predictions by seasoned trader Peter Brandt have stirred significant concern within the XRP community. Brandt, known for his expertise in commodities and forex trading, recently shared a dire forecast regarding the future price of XRP, suggesting it could plummet to as low as $0.034.

The XRP lawsuit has taken an interesting turn with the US Securities and Exchange Commission (SEC) officially filing an appeal, bringing Ripple CEO Brad Garlinghouse and co-founder Chris Larsen back into focus. This move has sparked debate in the crypto community, particularly regarding the SEC's motives in revisiting previously dismissed claims.

XRP has dropped by nearly 15% so far in October, with the losses primarily driven by the US SEC's appeal in the Ripple lawsuit. While some analysts see XRP's drop as a buying opportunity, some analysts assert that an XRP rally is never going to happen.

The rising tensions amidst the legal conflict between Ripple and the U.S. Securities and Exchange Commission (SEC), has led to XRP holders running a petition on social media platforms like X. The petition carrying the tag “Stop the SEC's Unnecessary and Frivolous Appeal in the Ripple v. SEC Case” has received nearly 5000 signatures.

Just after the SEC filed an appeal, Ripple's CLO Stuart Alderoty revealed that Ripple is ready to prove yet again in the appellate court that the lawsuit against Ripple has been irrational and misguided from the start.

The U.S. Securities and Exchange Commission (SEC) has kept the crypto community in suspense as it has yet to disclose the exact reason behind its appeal in the Ripple case. While Ripple secured a significant victory in July 2023 when the judge ruled that XRP's secondary sales do not qualify the token as a security, the SEC has now filed an appeal, leaving many speculating about its next move.

A widely followed cryptocurrency analyst and trader is turning bullish on a top Ethereum (ETH) rival while offering his insight on XRP and decentralized finance (DeFi) protocol Curve DAO (CRV).

The leading asset management firm Bitwise took a significant step towards launching an XRP ETF as it filed a registration for a Delaware statutory trust on September 30. The move incited excitement in the crypto community, which has been eagerly awaiting the possibility of the ETF in the US market.

The U.S. Securities and Exchange Commission made a statement on Wednesday about its appeal of the court ruling that restricted its ability to regulate the cryptocurrency market. Ripple executives have expressed their disappointment over the decision terming it as ‘misguided' and ‘infuriating' but not a surprise.

The XRP lawsuit has taken a new turn recently, which has sparked discussions in the broader crypto community. In a recent X post, renowned lawyer James K.

Vocal Bitcoin maximalist and a former financial journalist Max Keiser has mocked XRP holders in a recent tweet, saying that the chances of their favourite cryptocurrency starting to rally are equal to zero.

XRP could see a 4,000% rally in the next bull market cycle, according to a fractal pattern reminiscent of its 2017 price surge.

The XRP price experienced a notable recovery last week, reaching a seven-month high of $0.665 last Sunday. This surge was primarily driven by a broader market rally and bolstered by excitement surrounding crypto asset manager Bitwise's filing for an XRP exchange-traded fund (ETF) earlier this week.