News View Non-AMP

Will the SEC Appeal Impact the XRP Price? Crypto Expert Weighs In

Published by
Mustafa Mulla

Despite signs of recovery in the cryptocurrency market, XRP has been stuck around the $0.54 mark. Yet, prominent crypto commentator BitBoy remains optimistic, saying that XRP is set for a big rally, even with recent actions by the U.S. Securities and Exchange Commission (SEC) against Ripple.

Could XRP’s price soon soar despite these ongoing legal challenges?

SEC’s Challenge to Ripple

Recently, the SEC filed an appeal against Judge Analisa Torres’s ruling that XRP sales on exchanges do not count as investment contracts. The SEC is also trying to revive charges against Ripple executives Chris Larsen and Brad Garlinghouse. These moves have raised concerns among investors about the potential impact on XRP.

In a recent tweet, BitBoy mentioned that many in the community feel upset about the SEC’s latest actions. The SEC missed its deadline to file the appeal, which frustrated many XRP supporters. However, BitBoy believes these issues will not prevent XRP from “mooning,” a term often used in the crypto world to indicate a price surge.

Money Matters More!

BitBoy stressed that the key issues at play are financial, not fundamental to XRP’s technology. He is confident that XRP’s growth path is still on track, regardless of the legal hurdles.

Although the SEC is appealing after a court ruled earlier this year that XRP is not a security, this ruling was a significant win for Ripple and XRP holders. It confirmed that XRP can stay listed on exchanges without new regulations from the SEC.

A New Deadline. A New Wait.

Recently, the SEC missed the deadline for its appeal, increasing anxiety within the crypto community. In an unexpected turn, the SEC was granted an extra two days to submit its appeal, further frustrating XRP supporters.

It’s important to note that the SEC’s appeal does not challenge the court’s finding that XRP is not a security. This means exchanges can continue to list XRP without worrying about regulatory issues.

Rest Easy, XRP Supporters

Ripple’s Chief Legal Officer, Stuart Alderoty, reassured the community that the court’s ruling—that XRP is not a security—still stands. This keeps XRP in a strong position in the market, free from immediate regulatory threats, allowing investors to remain hopeful about its future.

Do you believe this is a major roadblock for the XRP Price?

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Grayscale Announced the Launch of Two New Bitcoin ETFs – Here Are They!

Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…

April 2, 2025

Remember This Name! Remittix Presale Becomes the Top Predicted of 2025 as Project Raises Almost $15M in Record Time

In a year marked by conservatism and a sentiment shift in crypto, one name is…

April 2, 2025

Has Elon Musk Forgotten About Dogecoin (DOGE)?

Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…

April 2, 2025

Shiba Inu Drops 9%, but RUVI AI’s (RUVI) Token Might Be the Meme Coin Killer as Investors Rush to Claim their Bonus

The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…

April 2, 2025

XRP Stalls at $2—Is Ozak AI ($OZ) the Next Big Crypto Breakout?

XRP has struggled to break past the $2.5 mark despite strong market momentum. Meanwhile, Ozak…

April 2, 2025

Rexas Finance (RXS) vs. Shiba Inu (SHIB): Will SHIB Rebound, or is 2025 the Year of RXS?

Investors must make a crucial choice as the bitcoin market develops: stick to well-known meme…

April 2, 2025