XRP Price Analysis: Ripple May Win Against SEC, Legal Expert Says — Key Levels to Watch
Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...
The XRP price has risen by 0.5% in the past 24 hours, reaching $0.5317 as the crypto market tries to shake off some of last week’s declines.
Said declines mean that XRP is still down by 16% in a week, while the alt clings on to a very modest 1% gain in a month and 1.5% increase in a year.
The coin has really suffered in the wake of the SEC filing a notice of appeal against Ripple, yet some lawyers have been arguing that the latter may win even if an appeal goes ahead.
This is a view crypto-friendly attorney Fred Rispoli has recently voiced, giving Ripple a 70% chance of winning in the event that neutral judges preside over any appeal.
Speaking on the Thinking Crypto podcast, Rispoli reviewed a number of possible scenarios in the unfolding Ripple-SEC appeal scenario.
The worst case for Ripple involves an unsympathetic panel of judges, which would reduce the firm’s chances of winning an appeal to between 20% and 30%.
Yet Rispoli goes on to suggest that even a “fairly divided” panel of sympathetic and unsympathetic judges would give Ripple a better chance of winning than the SEC.
Indeed, he suggests that there would be a 70% chance that a neutral 2nd Circuit court would uphold Judge Torres’ original July 2023 ruling (on programmatic sales).
This is very positive for Ripple, yet one negative in Rispoli’s analysis of the current situation is that the appeal may not end until early 2026 at the earliest.
As such, it’s possible that the XRP price may have returned to the dark days of 2021 and 2022, waiting in limbo for concrete, positive
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