XRP Headed for Crash After SEC Appeal, Whales Flock to JetBolt Presale | CPT PPP Coverage
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XRP Headed for Crash After SEC Appeal, Whales Flock to JetBolt Presale appeared on www.analyticsinsight.net by IndustryTrends.
At the time of writing, took a sharp 10% dive after news broke about the SEC’s appeal in the Ripple case. It didn’t just dip—it plummeted, closing at around $0.5388, underperforming the rest of the crypto market. Ripple’s Chief Legal Officer didn’t hold back, calling the SEC’s move “litigation warfare” against the crypto industry. And while Ripple’s CEO, Brad Garlinghouse, remains defiant in court, the market isn’t ignoring the signs.
So, what’s really going on here? The SEC is challenging a partial victory Ripple scored in August that classified XRP as a non-security. The legal battle has led to a bearish trend for XRP, dragging it below critical price supports. And with a drawn-out appeal expected, there’s speculation that XRP’s value could drop even further—possibly to $0.40 if things get more heated.
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