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XRP plunges 12.75% as the SEC's Ripple lawsuit appeal and rising Middle East tensions spark uncertainty, leading to a one-month low of $0.511.

XRP (XRP) shed double digits as Bitcoin struggled near $61k, with crypto a sea of red heading into the US trading session. This comes as investors react to geopolitical events in the Middle East and news of US Securities and Exchange Commission (SEC)'s move to appeal a court ruling in the Ripple case.

Ripple may have abandoned its price rally after the U.S. Securities and Exchange Commission (SEC) filed an appeal against the recent court ruling ordering the company to pay a $125 million fine. This move has re-ignited discussions about XRP's future, coinciding with Bitwise Asset Management filing for an XRP ETF in Delaware.

Ripple vows to fight the SEC appeal for as long as necessary. Ripple's legal team is evaluating a potential cross-appeal.

Could XRP's price surge to over $6 if history repeats?

Asset management firm Bitwise filed Form S-1 for XRP ETP with the U.S. Securities and Exchange Commission (SEC) on October 2nd. The filing indicates that once approved, the proposed fund will hold XRP on its own.

Bitwise XRP ETF filing amid Ripple SEC lawsuit was a major development today since the future of XRP remains uncertain

XRP, the Ripple-affiliated cryptocurrency, has logged a significant uptick in whale activity, according to data provided by cryptocurrency analytics platform Santiment.

A recent surge could fuel a breakout for XRP, but traders should still remain cautious.

Although the prolonged courtroom standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC) may be over, the regulator does not seem keen on giving up just yet, and it has recently appealed the key ruling in the case.

XRP's price crashed hard toward $0.5 after the SEC's appeal.

The SEC has appealed a court ruling favoring Ripple Labs in their ongoing legal battle over XRP's status as a security, causing the cryptocurrency's price to drop while Ripple vows to continue fighting and considers a cross-appeal.

Ripple's XRP token has experienced a sharp decline, losing over 10% of its value in the past 24 hours. The price drop follows the United States Securities and Exchange Commission's (SEC) filing of a notice of appeal on October 2, challenging the previous judgment in favor of Ripple.

The U.S. Securities and Exchange Commission (SEC) has moved to challenge the court's ruling in its ongoing case against Ripple Labs, according to a report by Nikhikesh De for CoinDesk.

Ripple's Chief Legal Officer, Stuart Alderoty, criticized the SEC's appeal, calling it an extension of the agency's “litigation warfare”.

Unlike last year, this time the SEC has decided to appeal, and Ripple in fact admits that it expected it.

Ripple Labs will fight the United States Securities and Exchange Commission's appeal of the court ruling that determined retail XRP sales were not in violation of securities laws. In an Oct.

The ongoing Ripple-SEC legal battle took another turn as the U.S. Securities and Exchange Commission (SEC) officially announced its appeal of a federal judge's ruling against the agency. The appeal comes just two months after Judge Analisa Torres issued her final judgment in the SEC's four-year-old case against Ripple.

The US Securities and Exchange Commission (SEC) has opted to appeal a crucial court ruling that categorizes XRP tokens as non-security. This appeal had a direct impact on the price of XRP tokens.

The U.S. Securities and Exchange Commission (SEC) filed a notice of appeal against the historic ruling by Judge Analisa Torres in the Ripple case.

The SEC appealed a 2023 ruling in its lawsuit against Ripple, seeking to overturn Judge Torres' decision that XRP token sales in secondary markets did not qualify as securities.

Bitwise Asset Management has boosted community confidence by filing for XRP ETP. Earlier the firm made announcements about launching an ETF, however amidst the ongoing SEC vs Ripple case, they decided to go with the ETP option. The market intelligence platform Santiment shared insights about XRP ETP filling by Bitwise.

Ripple, a key player in the cryptocurrency arena, has made significant strides by securing an in-principle financial services license from the Dubai Financial Services Authority (DFSA). This crucial approval allows Ripple to broaden its footprint in the United Arab Emirates (UAE), further enhancing its capacity to deliver cross-border payment solutions.

Just as optimism was about to surge, clouds rolled in, pushing prices lower.