The price of XRP continues to face uncertainty, with the token consolidating below the $0.60 resistance level.
Although the trading broadly aligns with the overall market sentiment, investors had anticipated that recent developments in the Ripple and Securities and Exchange Commission (SEC) case would trigger a rally.
In the short term, XRP is experiencing increased selling pressure, coinciding with Ripple’s release of one billion XRP tokens through its escrow process. The transaction occurred in three phases, with 500 million, 200 million, and 300 million XRP tokens released on September 1.
Indeed, the current selling pressure is emerging as legal uncertainty lingers over the SEC’s potential appeal of the recent court ruling. In the decision, the court ordered the blockchain company to pay a $125 million civil penalty, reducing the likelihood of XRP being declared a security.
Amid the possibility of an appeal, the outlook is uncertain, especially if the SEC would have
We współpracy z: https://finbold.com/ai-sets-xrps-price-for-september-30/
