The US SEC has filed an appeal in the case against Ripple, but will not argue that XRP is not a security.

The appeal was filed on the last day, on the deadline. Also, in it, the Commission will not appeal the monetary fine in the amount of a laughable (by Ripple standards) $125 million or the judge's decision not to return the illegally obtained profits.

AT THE SAME TIME, the SEC is raising a number of questions regarding “programmed sales of XRP on the platform,” the distribution of#XRPto employees, etc.

For #Ripple, this is already a victory, essentially. But next week, the company will file a counter-appeal with the court.

Ripple CEO Brad Garlinghouse said that the company's IPO (rumors of which have been circulating for about a year) is only possible after the completion of the lawsuit with the SEC and is not a priority for now.

The#XRPprice didn't react much to the news, despite the situation with #BTC. In its unique chart, the price is squeezed between two global trend lines (marked with a dotted line): ascending support since March 2020 and descending resistance since September 2021.

And since April of this year, the price has been showing constant false breakouts of these trend lines, removing liquidity on both sides. A true breakout of one of these trend lines will be very soon, before mid-November. Our expectations are growth through another decline below $0.5.

Important resistances on the way to a new ATH: the volume level of $1.0706 and the 0.5 Fibonacci level from the 2021 high to the 2022 low (rate of $1.1302).

The way the weekly chart of the asset looks through the prism of P73 Trend & Target Dynamics shows the degree of uncertainty for the asset at the moment. It seems to be in a downtrend, but it has not even reached its first target, and since July the price has been moving in the area of ​​a potential downtrend break. Without going into an uptrend (let's set an alert on it, it will be a good sign for growth).

This is despite the fact that in the history of trend changes for this asset during the week they were always quite confident and took if not three, then two basic targets. And on the bull run from the signal of a stable trend to the Strong signal of a potential high according to the indicator, it was possible to take +428% on the investment.

On the four-hour and daily TF, the asset is now generally working out its basic targets most often.

Now on the daily TF - in a downtrend with the first target worked out. And with a signal of a potential high for yesterday on the daily. Therefore, before the reversal, we believe that the asset will still go lower. The basic targets that have not yet been worked out: $0.4957 and $0.4644. We will also set an alert for a stable uptrend on the daily. It will be a sign of a possible global reversal.