Despite the acquisition of hidden roads, XRP is struggling with SEC’s incompatibility with the appeal status – Tradingview News

Ripple announced the acquisition of Hidden Road for $ 1.25 billion yesterday (Tuesday), a step that is one of the largest deals in the digital asset sector. These acquisition positions are combined as the first encryption company to own and operate a major global multi -asset broker.

Despite this main landmark, XRP continues to face challenges in acquiring upward momentum, with no Ripple VS. decision. SEC propaganda is uncertain. The recent deposits and responses have added more confusion to the case.

XRp Bill Morgan’s lawyer shared a worrying update on social media. He pointed to a contradiction in the statements made by Ripple and SEC. Ripple claims that the appeal and the interrupted appeal have been touched, but SEC says it is still under appeal, CoingApe said.

XRP claim: Kenner’s evidence is still unclear

Last week, Justin W. Kenner, an individual associated with SEC allegations related to unregistered shares, submitted a request. This deposit claims to provide decisive evidence that can affect the results of the lawsuit. However, the details of this evidence are still unclear, causing widespread speculation. Experts such as Mark Fajil expelled it as “random mail”.

You may want to read in Financemagnates.com: Will XRP rise with Trump’s tariff raising talk about global financial transformation?

Ripple and SEC do not agree to appeal

SEC rejected the Kener file, describing it inappropriate. The Securities and Stock Exchange has argued that the case that was raised in the deposit, which involves the brief ruling of the court and means of recession, is currently under appeal. As a result, they mentioned that the court could not act at this stage.

The contradiction between the Ripple and SEC statements continues to deepen the confusion surrounding the case.

XRPUSD, H1 chart, Source: TradingView

XRPUSD DOUBLE TOP may lead down

The XRPUSD H1 chart indicates a bounce at 1.61500, followed by an upward step. However, the price faced a strong rejection at 1.96750, unified, and faced another rejection.

As of now, the price is traded without uniform support, indicating that 1.96750 may serve as a dual summit resistance. This style can push merchants during the day to take short positions, and may pay the price less.