XRP's price movement today is largely influenced by the ongoing uncertainty surrounding the SEC's appeal in the Ripple case. As the January 15 deadline for the SEC's appeal-related opening brief approaches, market participants are closely monitoring developments. Former SEC lawyer Marc Fagel suggested the possibility of the appeal being withdrawn under a new administration, which has added to the market's uncertainty. This legal battle continues to weigh on XRP, as investors remain cautious about the potential outcomes and their implications for the cryptocurrency's future.
Despite the legal uncertainties, XRP has shown resilience in the market today. The cryptocurrency has experienced a 2.93% increase, reaching a current price of $2.217436. This upward movement suggests that investors are still optimistic about XRP's potential, even amid the ongoing legal challenges.