XRP News today: Ripple is facing appeals with threats as well as ETF hopes to keep in balance; BTC to $ 103K

Ripple could continue with his cross-complaints, and the SEC can follow his appeal against the XRP software judgment. In July 2023. The Torres judge has ruled that the KSRP program did not satisfy the third therapse in the Hea Hea Hea Hea test. The verdict was plowed by the optimism of the American market KSRP-SPOT ETF.

If the sequence is appealed and unchecked the verdict successfully, it could close the door to the US-XRP-spot ETF approval and the case could reach the US Supreme Court. The potential for the Judgments of the Supreme Court is still a significant risk factor of both parties, especially because such a judgment would establish a binding precedent for the entire cryptocurrency industry.

Investors should also consider the time strip pressure. SEC and Ripple must submit a status report in the settlement to June 16. If Judge Torres still gave an application for an Indicative Judgment, the American Court of Appeals can force her to pick up and be buried to the procedure and send them to the appeal or act.

The bigger question is whether Ripple is a firm at a settlement that is a precondition to withdraw his crusel. If the RIPKO is used, SEC can follow the suit.

KSRP price Outlook: Focusing on legal development

XRP He slid 0.31% on Friday, 16. May, adding 6.5% of the sale on Thursday, closing to $ 2,3791. The token was accompanied by a broader crypto market that fell 0.36% on the total cry for U crypt to $ 3.25 trillion.

CSRP’s almost notion in the hinge price on future court applicants, judgments of the Court and feel about the KSRP-spot market ETF.

Technical support sits to $ 2.3. Pause above 12. May 2,6553 USD could signal the move to $ 3.00, with the potential to reach a record high of $ 3,5505.