XRP Lawsuit News: 11 Days Left for SEC Appeal – What’s the Strategy?

The fire continues burning! The SEC has just 11 days to appeal the XRP ruling. Former SEC attorney Marc Fagel has revealed the agency’s likely appeal strategy, hinting that the SEC may challenge the recent XRP ruling before the October deadline. Despite Ripple’s recent court win, the SEC could still question the legality of programmatic XRP sales.

Let’s break it down.

Potential Appeal Strategy

Fagel explained that if the SEC files an appeal, it will most likely focus on the court’s ruling about XRP sales made through intermediaries. The appeal won’t target the $125 million penalty Ripple was ordered to pay, as Ripple has secured a stay on that order. Instead, the SEC is more concerned about overturning the ruling on these sales, which could impact future crypto-related cases.

Former SEC lawyer James Farrell also weighed in, suggesting a 75% chance the SEC will appeal. According to Farrell, not appealing could weaken the SEC’s stance in future cases involving crypto assets. With the October 7 deadline fast approaching, everyone is waiting to see what the SEC will do next.

XRP Price Took a Toll

The possibility of an SEC appeal has caused volatility in the XRP market. Currently trading at around $0.5834—down 1.4%—XRP has seen price fluctuations as uncertainty grows. Trading volumes have also dipped as the market reacts cautiously. However, Ripple executives, including CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty, have dismissed claims of a possible appeal, insisting the case is settled.

What to Expect Next?

While Ripple’s leadership remains confident, many experts still believe the SEC could file a last-minute appeal, dragging out the legal battle and affecting XRP’s market performance. With both sides preparing for what’s next, the case continues to be one of the most closely watched in the crypto world. As the October deadline approaches, an SEC appeal could bring more legal delays, leaving XRP’s future uncertain.

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Can Ripple Keep XRP Momentum Alive?

Amid this legal uncertainty, Ripple’s Swell conference, set for October 14-15, is creating buzz. There’s speculation about the launch of Ripple’s stablecoin, RLUSD, and a potential XRP-focused ETF announcement. As Ripple looks to lead a $50 trillion tokenization boom on the XRP Ledger, all eyes are on whether the SEC will file an appeal.

While Ripple’s team remains calm, the ongoing lawsuit could dramatically affect the future of XRP and crypto regulation.

As the clock ticks down, investors and enthusiasts alike are eagerly awaiting the SEC’s announcement. What do you predict will happen next?