Following the major legal ruling in the Ripple and Securities Exchange Commission (SEC) case, attention has shifted to the value of XRP and its potential to rally toward $1.
In the ruling, the court imposed a $125 million civil penalty on Ripple but rejected the SEC’s attempt to classify XRP as a security, particularly in its secondary market sales.
Ripple’s Chief Legal Officer, Stuart Alderoty, emphasized that the SEC’s appeal would not alter XRP’s non-security status, noting that higher courts rarely overturn such decisions.
XRP price prediction. Source: ChatGPT-4o
XRP price analysis
As of press time, XRP was trading at $0.59, dropping by about 0.6% in the last 24 hours. During the weekly timeframe, the token rallied by 3.6%.
XRP seven-day price chart. Source: Finbold
Meanwhile, as uncertainty around the SEC appeal lingers, investors should focus on XRP’s ability to maintain its price above the crucial $0.60 resistance zone.
Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
