The Ripple XRP judgment has bolstered market optimism, driving a recent 5.51% price surge, though an SEC appeal could trigger further volatility.
Despite the court’s partial ruling against Ripple, confidence in XRP’s future remains strong, with the $10 price target in sight if momentum continues.
Pro-XRP lawyer MetaLawMan suggested in a recent podcast with Scott Melker that the U.S. Securities and Exchange Commission (SEC) is likely to appeal the new ruling.
Earlier, the Chief Legal Officer tweeted:
The final judgment is in. The Court has rejected the SEC’s claim that Ripple acted recklessly and reminded the SEC that the case did not involve fraud or intentional misconduct, and no financial harm was suffered. The Court also dismissed the SEC’s excessive demand for $2 billion in fines and penalties. We respect the $125 million fine imposed for certain historical sales to sophisticated third parties.
In response, Fred Rispoli, Attorney, and Litigator, replied to the tweet:
We res
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