Ripple (XRP) trades with minor losses on Friday as holders weigh the impact of a likely appeal by the US Securities & Exchange Commission (SEC) in the Ripple lawsuit.
The US SEC “will probably” appeal the July 2023 lawsuit ruling against Ripple , according to a former SEC lawyer. Pro- Ripple attorney John Deaton explains why the SEC could lose any appeal and how it could impact the status of XRP as a security. XRP trades broadly unchanged on Friday after losing more than 1% earlier in the day. Ripple trades with minor losses on Friday as holders weigh the impact of a likely appeal by the US Securities & Exchange Commission in the Ripple lawsuit.
As someone who knows the @Ripple case very well, considering I was an active litigant for over 2 1/2 years, and considering Judge Torres cited my Amicus Brief, and the 3,800 XRP Holder Affidavits I submitted, as well as my efforts, as Amicus Counsel, in the @LBRYcom case September 26, 2024 However, the uncertainty surrounding the process could impact sentiments of XRP traders as they digest the possible outcomes of an appeal. Technical analysis: XRP could sweep liquidity at $0.
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