XRP Don Pass $3 As SEC Dey Ready To Drop Appeal by Aug 15
XRP don jump pass $3, e rise like 4.5% inside 24 hours as hope dey grow about SEC appeal for the Ripple lawsuit. Lawyer Bill Morgan talk say SEC fit comot their appeal before the joint-report deadline wey be August 15. This one na because conditional settlement dey between Ripple and SEC to end the legal battle wey don near five years. If court approve the settlement, the case go come back to district court make them finalize am. Traders believe say if SEC comot the appeal, e go bring regulatory clearity and good momentum for XRP. The July 2023 ruling talk say retail XRP sales no be securities, but institutional transactions na securities, e put $125 million fine. The latest update reduce regulatory wahala, make investors confident, and fit affect wider crypto law and market feeling.
Bullish
The prediction say SEC go drop im appeal dey reduce legal uncertainty for the Ripple lawsuit. For short term, dis news make price jaga as traders dey expect say regulatory clarity go improve. Investor confidence don already push XRP pass $3. For long term, if dem resolve the almost five-year legal battle, e fit set better example for cryptocurrency regulation and reduce compliance risks. Dis kind environment fit support sustained bullish momentum and attract new market participants, wey go make XRP market steady and get growth better.