SEC Appeal may take away XRP recent gains. Here is why

[Best-mary]

At the time of writing, XRP's price is currently testing the waters at $0.62979, facing selling pressure ahead of the SEC's Ripple ruling appeal. Support zones lie at $0.61500 and $0.61000. 📉

As we await the SEC's move, what's your take on XRP's potential direction? Will it break through resistance, or will the support levels hold strong?

{image}

[Chibaba]

At the time of writing, XRP's price is currently testing the waters at $0.62979, facing selling pressure ahead of the SEC's Ripple ruling appeal. Support zones lie at $0.61500 and $0.61000. 📉

As we await the SEC's move, what's your take on XRP's potential direction? Will it break through resistance, or will the support levels hold strong?

{image}
https://i.ibb.co/KKW7jSS/XRPUSDT-2023-08-10-17-28-11.png

XRP will survive this storm and think it current price action is in response to the entire market sentiment and not just the SEC decision to appeal the case. One thing we may take note is that XRP could be on the verge of hitting a dollar if the volume of transactions on its ledger continue to surge cos currently 1.2 million transactions has been recorded since the beginning of August.

[Best-mary]

At the time of writing, XRP's price is currently testing the waters at $0.62979, facing selling pressure ahead of the SEC's Ripple ruling appeal. Support zones lie at $0.61500 and $0.61000. 📉

As we await the SEC's move, what's your take on XRP's potential direction? Will it break through resistance, or will the support levels hold strong?

{image}

XRP will survive this storm and think it current price action is in response to the entire market sentiment and not just the SEC decision to appeal the case. One thing we may take note is that XRP could be on the verge of hitting a dollar if the volume of transactions on its ledger continue to surge cos currently 1.2 million transactions has been recorded since the beginning of August.

At the time of writing, XRP's price is currently testing the waters at $0.62979, facing selling pressure ahead of the SEC's Ripple ruling appeal. Support zones lie at $0.61500 and $0.61000. 📉

As we await the SEC's move, what's your take on XRP's potential direction? Will it break through resistance, or will the support levels hold strong?

{image}

XRP will survive this storm and think it current price action is in response to the entire market sentiment and not just the SEC decision to appeal the case. One thing we may take note is that XRP could be on the verge of hitting a dollar if the volume of transactions on its ledger continue to surge cos currently 1.2 million transactions has been recorded since the beginning of August.

That's plausible, XRP might reach $1 with the good news circulatory it recently, knowing that Gemini has now re-listed it, it has given it another edge to make a move. This indeed will make a difference for those holding it in other exchanges.

Will keep looking at the update to know my next trading line in action

[Dave1]

At the time of writing, XRP's price is currently testing the waters at $0.62979, facing selling pressure ahead of the SEC's Ripple ruling appeal. Support zones lie at $0.61500 and $0.61000. 📉

As we await the SEC's move, what's your take on XRP's potential direction? Will it break through resistance, or will the support levels hold strong?

{image}
[..snip..]

Well we are pretty much still in the bear zone, so I must say that any negative news will potentially affect the price negatively. Or conversely as we have seen during their historic win against the SEC, the price really pump so hard that those who have been holding it for years and waiting for the final judgement could have sold out and get their profits.

So the same here, if SEC appeal was positive then it will take away the gains before. This is how crypto reacts for every news. However, then again, if you really believed on this project, then you will hold on it and not sell short term or at least wait for the bull run next year. Best of luck!!.

[fmz89]

At the time of writing, XRP's price is currently testing the waters at $0.62979, facing selling pressure ahead of the SEC's Ripple ruling appeal. Support zones lie at $0.61500 and $0.61000. 📉

As we await the SEC's move, what's your take on XRP's potential direction? Will it break through resistance, or will the support levels hold strong?

{image}

your statement was click-bait ser, i would say dont use kinda thing like this in bitcointalk,
to be honest appeal from sec is normal thing and everyone expect this happen sooner or later,...to be sure it will denied again 

[danherbias07]

It's still going forward.
SEC already had their time before they lost, and because of that they just boosted the reputation of XRP after winning partially against them.
It's not like they could just go back in time. They made a mistake in attacking XRP because it's fighting back and didn't wave the white flag. Maybe they thought by what they did could take them down, but they are wrong.
Now, it's XRP's time to gain back the reputation they had before, it may be slow but it will keep on going up with more demands coming.

[rhomelmabini]

They should have been very keen to XRP and they should have done that part when they take that lawsuit. It would be a laughable matter if they appeal when partially they are wrong on what they've ruled out to them. I think if they keep going like this, it will just only make XRP Hain some traction to some. What a nice publicity by the SEC.

[coin-investor]

All cases can be appealed by the losing party unless the decision is final and cannot be appealed anymore, I don't think it will take away the gains the fact that they won it they have the momentum and they will carry that in the next round, anyway it's still a long way to go before the final verdict but if XRP wins the case, then you're a winner if you start accumulating now.
This is not a piece of investment advice but for me, it's worth accumulating now rather than having to hurry to buy when XRP finally wins the case.

[Husires]

It is very difficult to see the ripple in a price range close to one dollar, and I think that we have reached the top during this year, and in the best case, we may see levels near 0.8 dollars. If you are an investor or have bought soon, it is better to sell now and wait for levels below 0.6 dollars, because it will be a good start for the next year, in which I expect to reach 1 dollar easily.

The SEC news was a strong pump, but we won't see the same effect in the near future, so don't bet on it.

[DeathAngel]

The SEC are always trying to screw crypto investors. They can’t harm bitcoin too much so they try to take out altcoins. They try to brand everything as a security. Hopefully in a couple of years, mass adoption has occurred & the majority of people are invested in crypto. The SEC will be utterly powerless then to stop the tsunami of young, new age investors.

[abel1337]

The SEC are always trying to screw crypto investors. They can’t harm bitcoin too much so they try to take out altcoins. They try to brand everything as a security. Hopefully in a couple of years, mass adoption has occurred & the majority of people are invested in crypto. The SEC will be utterly powerless then to stop the tsunami of young, new age investors.

This is what new projects should avoid. Projects should have learned from XRP case and they should avoid the points why SEC filled a suit case against XRP. SEC are doing their job this is why projects should learn the law to avoid being on the watchlist of SEC. Altcoins are targetted because there are various peojects that are built differently, SEC can easily find holes in those projects like SEC allegation against XRP as a security.

[DapanasFruit]

I am seeing that XRP is gradually losing the grounds it was able to gained from that last court decision on the case filed by SEC against the platform. Surely, there is now a brewing pressures for the price to further go down...pending the final decision on this legal drama. Now, am confident that eventual XRP can be able to win on this one judging by the way the court is treating the case. Let's hope that this can be the first of the many rebukes that SEC under Gary Gensler really deserves to experience.

[mich]

Well I still do not think XRP is worried about the sec. They think they are going to win the court case and investors and supporters think so with them.

And Gemini that just listed XRP also does not think anything bad will happen. It now has something called 'XRP Faucet' and it going to give away 4000 xrp for next 4 days.

https://thecryptobasic.com/2023/08/12/gemini-launches-xrp-faucet-to-give-away-4000-xrp-every-day/

[Godday]

I've always loved XRP. I've been investing in XRP since 2017 and I've had some gains there too. I believe the price of XRP will increase even more in the future. For now I'm optimistic but I think XRP price in this year is slow but I believe in 2024 XRP will be back to $1 or even hit their ATH.

[livingfree]

At the time of writing, XRP's price is currently testing the waters at $0.62979, facing selling pressure ahead of the SEC's Ripple ruling appeal. Support zones lie at $0.61500 and $0.61000. 📉

As we await the SEC's move, what's your take on XRP's potential direction? Will it break through resistance, or will the support levels hold strong?

This has been long overdue and yet there's still a lot of news going on for XRP. If you guys are holding it, much better not to stress yourselves monitoring it at most times.

Because with the market, we've got already a past bull run that has came and it didn't do any good. And that's why with the next one, we don't know what's gonna happen on it.

If SEC is still appealing then this is going to be a long story for XRP and you're right that potential gains might be delayed or just accept it like that.

[Xal0lex]

Who would have doubted that this long-lasting epic of sec and ripple will not end so quickly. These lawsuits will last for a long time, so those who are already preparing for the new ATH will have to wait. I believe that the price will be in a sideways range for a long time and we are unlikely to see prices above $1.5$ before 2024 or even 2025. Too soon many people started preparing for XRP at $5 and above.

[jostorres]

Well I still do not think XRP is worried about the sec. They think they are going to win the court case and investors and supporters think so with them.

And Gemini that just listed XRP also does not think anything bad will happen. It now has something called 'XRP Faucet' and it going to give away 4000 xrp for next 4 days.

https://thecryptobasic.com/2023/08/12/gemini-launches-xrp-faucet-to-give-away-4000-xrp-every-day/

Didn't they win already? And this was also the reason on why their value is sky rocketing. It seems that SEC can't accept what happened last time and they are trying to sue XRP again? but I think it won't be effective anymore as before. The support of the people are going to be with XRP this time. That's great if Gemini is also among those exchanges who listed XRP. Even them didn't expected this latest rumor but I'm sure they will not be bothered with it. It's also great if they will give away 4k XRP in the form of a faucet.

To be honest, I haven't saw or heard an XRP faucet before. Maybe there are but it might be rare but now that XRP is getting trendy, we can expect the same project later on from other sources.

[Tipstar]

$0.61 has been a strong support for Ripple for months now. And at the current moment, it's testing it. Ripple with its huge market cap and institutional investors would be hard to move into any direction. And with nothing working on the positive direction for this centralized currency, and with an evil eye of SEC over them, they have nowhere to go as they have always advertised as a utility coin for inter bank transfers.

[yazher]

I don't know if this is accurate but I think the SEC is not going to win this battle because if they have some solid evidence against the Ripples, they would have crashed them with it years ago and now they were just delaying in order to make it look bad but the truth of the matter is, as we can see Ripples is surviving this battle against the SEC, it would be best for them if they finally win it and have some closed case with the SEC because this has been happening for years now which make the price of XRP won't move or raise up to more than $1 at least.

[Husires]

$0.61 has been a strong support for Ripple for months now. And at the current moment, it's testing it.

In Ripple, people analyze their emotions without even taking into account  support and resistance, which will have a kind of acceptance due to the large market capacity of this cryptocurrency compared to trading in altcoins with low market capacities, in which trading is often like pumping and dumping, and any news that will lead to a price explosion. I didn't see any good reason why XRP would be more than a dollar except because of some speculation and emotional analysis.

I don't know if this is accurate but I think the SEC is not going to win this battle because if they have some solid evidence against the Ripples, they would have crashed them with it years ago and now they were just delaying in order to make it look bad

Whether your words were right or wrong, in the next year the price of Bitcoin will rise, and with it all the altcoinss. Therefore, in the next year, the price will definitely be higher than $ 1, not now.