The bullish momentum stems from rumors that the SEC may have failed to file the necessary forms for its appeal of Judge Analisa Torres’ August ruling by the October 16 deadline. If confirmed, this misstep could lead to the dismissal of the SEC’s appeal, weakening its case against Ripple and providing a significant boost to XRP.

Might interest you: What is BabyDoge?

However, Fox Business journalist Eleanor Terrett pointed out that the SEC might still have until October 18 to submit the forms, as the agency’s appeal, filed on October 2, wasn’t officially docketed until October 4.

In addition to the legal developments, the rise in XRP’s price follows the October 15 debate between crypto advocate and Republican nominee John Deaton and Senator Elizabeth Warren. Deaton criticized Warren for focusing on her “anti-crypto army” rather than addressing economic issues like illegal immigration and inflation affecting Massachusetts residents.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Why XRP Price is Up Today? 17 October 2024 appeared first on Coin Engineer.