Krutika Adani
SEC has appealed against the judgment of the District Court of SDNY, claiming that it could shrink the SEC’s regulatory power.
Ripple, too, does not seem to hesitate to fight another legal battle as its founder, Christian A. Larsen, files the Notice of Appearance.
If the case goes to trial, XRP may experience another period of price uncertainty. However, if it is dismissed, XRP could easily cross $1.
In the last two years, XRP has barely moved away from the $0.5 mark, and even when it does, it moves back to the mark within a few days.
If the case drags on, XRP could remain at these levels throughout the Alt Season. However, if it gets wrapped up soon, it would mean XRP will get a strong boost and achieve $1 within 2024.