Ripple’s XRP might be in for increased volatility throughout the coming days as there are some interesting upcoming developments that may fuel market participation.
It’s worth noting that the price has been on a somewhat sluggish path throughout the past couple of weeks, demonstrating a clear lack of major volatility and an overall downward movement. Is this bound to change soon?
Ripple’s Expected Stance on SEC Appeal Request
As CryptoPotato reported earlier last week, the US Securities and Exchange Commission filed an interlocutory brief showing its intention to appeal the ruling of Judge Analisa Torres.
Recall that back in July, Judge Torres was the one who ruled partially in favor of Ripple, claiming that secondary sales of XRP failed to constitute an investment contract.
The SEC had previously expressed its intention to appeal, which was formalized last week. The Chief Legal Officer of Ripple Labs – Stuart Alderoty – responded to the development, slamming their attempts
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