XRP has extended its winning streak to four sessions, rising by 0.20% on September 10. However, the token’s gains have been limited by ongoing speculation surrounding the SEC appeal in the SEC vs. Ripple case.
Former SEC attorney Marc Fagel has commented on potential SEC appeal strategies, suggesting that the agency may focus on the programmatic sales of XRP rather than the broader question of whether XRP itself is a security. This uncertainty has weighed on XRP’s price, as investors remain cautious about the potential impact of an SEC appeal.
If the SEC decides to appeal the ruling on programmatic sales, it could have a negative impact on XRP’s price. Analysts have suggested that XRP could potentially drop below $0.40 in such a scenario. However, if the SEC does not file an appeal, XRP could see a significant price increase, potentially reaching $1.00.
Key Points:
- XRP has extended its winning streak to four sessions.
- SEC appeal speculation continues to cap XRP gains.
- Former SEC attorney Marc Fagel comments on possible SEC appeal strategies.
- XRP could see a significant price increase if the SEC does not file an appeal.
Investors should closely monitor developments in the SEC vs. Ripple case, as the outcome of the appeal could have a significant impact on XRP’s price.
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