The Proper Party event took place in New York City and was attended by key players in the battle against the SEC, including John E. Deaton. Ripple CEO Brad Garlinghouse praised the village that fought against the SEC and expressed uncertainty about the outcome of an SEC appeal. XRP may face selling pressure if an interlocutory appeal is granted. The chance of a Republican victory in the 2024 US Presidential Election could impact SEC regulations. XRP’s price movements are influenced by ongoing cases against Ripple and Coinbase. Technical indicators suggest a potential move towards the trend line for XRP.
AI Sentiment: Positive