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XRP price trend: The appeal plan is crucial
On Monday, December 23rd, XRP rose 2.62%, reversing the 1.58% decline on Sunday, and closed at $2.2587. XRP outperformed the broader cryptocurrency market, which rose 1.57%, bringing the total market value to $3.25 trillion.
As investors wait for news of the US Securities and Exchange Commission's plans to appeal the ruling in the Ripple case, XRP has been trading sideways in recent sessions. If the agency submits an opening brief, XRP could face significant selling pressure, potentially dragging XRP below $1.50. Conversely, its withdrawal could push XRP to its January 2018 historical high of $3.5505.