XRP gains may erode amid SECGov's planned appeal
XRP is a coin that is very sensitive to fundamental news, which it has been getting a lot of lately. When Judge Torres declared based on her interpretation of the Howey Test that XRP is not a security, the digital currency printed a massive surge, increasing its valuation at the time bySuch parabolic growth is expected, seeing the enormity of interest the Ripple v. SEC case has generated in the broader crypto ecosystem over time.
By current observations, XRP appears to be shedding some of these gains, with its weekly performance down by as much as 4.84%, according to data from CoinMarketCap. The slump is based on the fact that the appeal lends another slight possibility that XRP may eventually be labeled a security in a higher court, which is causing discomfort for most market bulls.
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