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XRP’s Crossroads: Analyzing Price Action Amid SEC’s Ripple Appeal
- The U.S. SEC appeals the Ripple case, focusing on proceedings involving Ripple executives.
- XRP price drops to $0.54, with NVT ratio reaching yearly high of 634.
- Potential targets: $0.38 if bearish trend continues, or $0.65 if bullish momentum emerges.
- Long-term XRP holders appear unfazed by recent developments, indicating selling activity is concentrated among short-term traders.
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