The US Securities and Exchange Commission (SEC) has issued a notice regarding Ripple $0.589644 As the deadline to file an objection in the case approaches rapidly, lawyers and experts estimate that the SEC has a 75 percent chance of objecting. However, the US regulator is still undecided on the issue. On the other hand, Ripple executives announced that they are not considering an objection, stating that the case is over.
SEC’s Objection Deadline Is Nearing
The SEC’s 60-day appeal period is set to expire on Oct. 7. The commission’s recent filing on the definition of “cryptocurrency securities” in the Binance case and the oversight hearing held in the House Financial Services Committee suggest the SEC is unlikely to appeal the court’s decision.
SEC Chairman Gary Gensler has made clear his intention to target secondary market sales of cryptocurrencies while arguing that NFTs are securities, a view supported by the Flyfish Club fine for unregistered NFT sales and the Wells notice against NFT marketplace Opensea.
Expert Opinions on the Ripple Lawsuit
Ashley Prosper, an expert on the Ripple Labs case, said the SEC will not object to XRP being classified as a security. “The thing I’m watching is whether they want to continue to present secondary market sales of cryptocurrencies as securities. I think they’ll just object to that,” she said.
However, former SEC attorneys Marc Fagel and James Farrell are confident that the SEC will file an objection in the Ripple-SEC case. Farrell predicts a 75 percent probability that the SEC will object on the liability sections.
XRP Price and Market Expectations
This week, the price of XRP is hovering around $0.58, with current trading volume up 14 percent in the last 24 hours. Analysts expect the XRP price to rise 25 percent to $0.75 in October. However, it is noted that the price needs to break through the lower level first.
XRP’s price to reach $1 in 2025 will be supported by a historically strong fourth quarter. Bitcoin 
$63,882It is estimated that a large-scale rally in could contribute to the price rising to $2 in 2025.
Ripple Chairman Chris Larsen’s transfer of millions of dollars in XRP ahead of the Ripple Swell event has sparked speculation in the community.
Recently, XRP has shown potential to increase depending on market dynamics. Investors are paying attention to the results of the SEC case and general market conditions.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
