The post Ripple’s XRP Trades Just Above Critical Price Level! Here’s What Can Happen Next To XRP Price appeared first on Coinpedia Fintech News
Ripple’s XRP has once again fallen under bearish territory. The debate regarding XRP’s security status and speculations surrounding the Securities and Exchange Commission’s (SEC) appeal on the recent case have created selling pressure that has sent the altcoin just above a critical price level.
Ripple May Soon Face A Tough Time
The recent decision by U.S. District Judge Jed Rakoff in the Terraform Labs case could have significant implications for Ripple’s XRP price. The judge’s refusal to differentiate cryptocurrencies based on their method of sale challenges the previous ruling in the Ripple case, which had a significant impact on XRP’s market behavior.
In the Ripple case, tokens sold directly to institutional investors were considered securities, while those sold through secondary markets to retail investors were not. This d
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