Ripple’s ongoing legal battle with the US Securities and Exchange Commission (SEC) has entered a critical phase, with the SEC facing a key deadline to file an appeal. This development is expected to have a significant impact on XRP demand and the overall dynamics of the US crypto market.

A Crucial Deadline Looms

The SEC has until January 15 to file an appeal against the recent court ruling that declared XRP is not a security. If the SEC fails to meet this deadline, the ruling will stand, potentially paving the way for XRP to be relisted on major US cryptocurrency exchanges.

Ripple Executives Anticipate SEC Appeal

Despite the looming deadline, Ripple executives remain confident that the SEC will appeal the court’s decision. In a recent statement, Ripple CEO Brad Garlinghouse expressed his expectation that the SEC will continue to fight, citing the agency’s history of aggressive enforcement actions against the crypto industry.

XRP Demand on the Rise

As the SEC’s deadline approaches, XRP demand has begun to surge. Investors are eagerly anticipating a potential relisting of XRP on major US exchanges, which could lead to a significant price increase. According to recent market data, XRP has seen a 2.4% increase in trading volume over the past week.

BTC Hits $97K

Meanwhile, Bitcoin (BTC) has reached a new milestone, surpassing $97,000 for the first time. This latest price surge is attributed to growing institutional investment and increasing mainstream adoption. As the crypto market continues to evolve, investors are keeping a close eye on the SEC’s next move and its potential impact on XRP and the broader market.

What’s Next?

As the SEC’s deadline looms, the crypto community is bracing for the potential consequences. Will the SEC appeal the court’s decision, or will XRP be relisted on major US exchanges? One thing is certain – the outcome will have far-reaching implications for the US crypto market and XRP demand. Stay tuned for further updates as this story continues to unfold.