#BTCWhaleMovement 📉 XRP Update: SEC Silence Keeps Traders Guessing
XRP fell below $2.25 on July 5, weighed down by continued silence from the U.S. Securities and Exchange Commission (SEC) regarding its appeal in the Ripple case. Ripple had already dropped its own cross-appeal back on June 27, yet the SEC has so far not responded in kind.$BTC
Investors are now looking ahead to the SEC’s closed-door meeting on July 10, hoping for a decisive statement that could clarify the regulator’s stance.
Even with the recent slip, market optimism for XRP remains intact. The court’s previous ruling in favor of Ripple’s programmatic sales, combined with Ripple’s decision to withdraw its cross-appeal, puts the pressure back on the SEC: either drop the appeal as well, or face prolonged legal and market uncertainty.
Until a concrete announcement arrives, XRP is likely to hover between $2.20 and $2.30, as traders wait for the next chapter to unfold.$ETH
