🚨 SEC Refuses to Delay Appeal Against XRP, Brief Submission
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In a recent update to the XRP community, Ripple's Chief Legal
Officer Stuart Alderoty revealed that the SEC, under the leadership of Gary Gensler, has firmly rejected Ripple's request for an
extension to file its brief. Despite Ripple’s efforts to delay the
deadline, the commission is proceeding with the filing today,
intensifying the ongoing legal battle.
Alderoty also took the opportunity to take aim at SEC Chair Gary Gensler, whose tenure ends on January 20. The outgoing SEC
chair has been a vocal critic of the cryptocurrency sector, but
Alderoty hinted that there might be a shift in the SEC's
approach under new leadership. Paul Atkins, a pro-crypto
advocate, is expected to take over, potentially paving the way
for a resolution of Ripple’s long-standing legal issues with the
SEC. Ripple is optimistic about collaborating with the new SEC
leadership, especially with the possibility of a more favorable
stance on crypto under the upcoming administration.
Despite the ongoing legal pressure, XRP’s market performance
remains strong. The token saw a significant price surge, rising to $2.80 from a low of $2.50 just a day earlier. Investors are closely watching XRP’s momentum as it nears a key resistance level at $2.90, the highest price point the token has reached in the past
six years. Should it maintain support at $2.33 and break past $2.90, XRP could rally further, with the next major target at $3.55.
With investor confidence high and XRP nearing new price milestones, the outlook remains optimistic. The ongoing legal battle
might be a challenge, but XRP’s strong market performance
speaks volumes about its potential.
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