Posted 4/1/2024, 9:54:04 AM
XRP Faces Uncertain Future as Ripple Ruling Rejections Put Cryptocurrency at Risk of Being Declared Security
- Ripple ruling from July 2023, labeling XRP a non-security, is at risk of being overturned after facing rejection by two federal judges
- Judges question and scoff at Judge Torres's application of the Howey test to differentiate between XRP secondary market and institutional sales
- XRP may ultimately be declared an unregistered security if the ruling gets thrown out
- Despite legal uncertainty, XRP price has resisted falling below the key $0.60 level recently
- XRP whales are accumulating during the dip, signaling their long-term confidence even amid the legal issues
