- SEC’s decision to appeal could negatively affect XRP’s trajectory.
- If Ripple wins again, then the ride above $1 could be all but confirmed.
Undoubtedly, the recent favorable ruling for Ripple [XRP] in its legal battle against the U.S. Securities and Exchange Commission (SEC) injected fresh optimism into the XRP community. And of course, it propelled the token’s value upward.
How much are 1,10,100, XRPs worth today?
However, recent developments like the SEC confirming it was going to appeal the court’s decision raises the question of whether XRP’s path to $1 could face disruption.
Before the SEC’s decision to appeal the previous ruling, Judge Torres, the judge in charge of the case, had approved the motion for a pre-trial, which many predicted could slide the three-year-old case into 2024.
But now the regulatory agency’s action has changed the course of the case, will XRP be affected? Previously, when the euphoria around the XRP win was considerably high, there were several predictions that the token could surge much higher than its current value, with the first target at $1.
Posing risks to the ledger
However, XRP has not been able to meet up with the projection despite the impressive rally at some point. If the appeal goes in favor of the SEC, the optimism around the token could change to a gloomy nature. But what metrics could be affected?
First off, since XRP’s win, activity on the XRP Ledger (XRPL) has been quite impressive. And
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Author: Victor Olanrewaju
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