Currently, XRP is becoming volatile due to new developments in its legal battle with the U.S. Securities and Exchange Commission (SEC). Recently, the SEC filed a notice of appeal after a part of the ruling favored Ripple, where the judge stated that sales of XRP to retail investors are not covered by securities laws. However, Ripple acknowledged that it must pay a $125 million fine for its institutional sales.
Despite the legal challenges, XRP continues to be adopted in BRICS countries and Japan, where 80% of banks in Japan are using Ripple for blockchain payments. This indicates a growing acceptance of XRP in traditional finance. Additionally, new applications for XRP-linked ETFs suggest increasing interest from institutional investors.
Currently, XRP is priced at $0.53736 but has fallen over 11% from its recent high following the news of the SEC appeal. This volatility stems from legal uncertainties and market reactions to these events.
