The XRP bulls have turned active moments after the US court denied the SEC\u2019s appeal<\/a> to file for an interlocutory appeal over the XRP lawsuit. The XRP price<\/a> is up by 5% and trading at $0.54. With a market cap of $28.7 billion, XRP has now entered the list of top five cryptocurrencies by valuation.<\/p>\n In the recent hearing, Judge Torress stated<\/a> that the SEC didn\u2019t provide any proof for the court to consider their interlocutory appeal. Instead, it focused on how the court\u2019s understanding of the Howey test was wrong.<\/p>\n <\/p>\n The recent court hearing shows that SEC\u2019s attempt to bring Ripple\u2019s native crypto XRP under the securities laws has failed. Now, the Southern District Court of New York has locked the next trial date<\/a> of April 24, 2023.<\/p>\n The Court\u2019s July 13 ruling was, and remains, the law of the land. XRP is not a security. https:\/\/t.co\/NxOXZZtSMG<\/a><\/p>\n \u2014 Stuart Alderoty (@s_alderoty) October 3, 2023<\/a><\/p>\n <\/p>\n<\/blockquote>\n This has caused XRP investors to jump ship once again as immediate buying ensued. Soon after the court ruling in mid-July, the XRP price surged all the way to $1. However, after the SEC\u2019s constant actions, it lost all of its gains dropping by 50% from its 2023 high. Now that the court has denied the regulator\u2019s interlocutory appeal, XRP price could soon propel to $1<\/a> with investors\u2019 support.<\/p>\n XRP has pumped over 7% after Judge Torres rejected the SEC\u2019s final motion to appeal the Ripple case. It\u2019s over for SEC. <\/p>\n As we all know by now, the SEC disagrees with the justice system and thinks they\u2019re above the law. This has resulted in the trust of this agency to drop to\u2026<\/p>\n \u2014 WhaleWire (@WhaleWire) October 4, 2023<\/a><\/p>\n<\/blockquote>\n For now, the immediate resistance for XRP on the upside is $0.55. If it breaks through its levels, it can quickly move to $0.66 and subsequent higher targets thereafter.<\/p>\n <\/p>\n Ever since Ripple\u2019s victory against the US SEC in mid-July, crypto experts have turned extremely bullish about the XRP price and expect the crypto to hit new all-time highs.<\/p>\n Over the last weekend on October 1, crypto analyst Dark Defender predicted that the XRP price could rally by a staggering 1100% hitting a new all-time high of $5.85.<\/p>\n The analysis begins by highlighting XRP\u2019s price performance at the end of September, noting that it closed the month with a Doji pattern. For those unfamiliar with a Doji, it signifies that the digital asset\u2019s closing price is similar to its opening price for the month. In this instance, XRP commenced September at approximately $0.511 and concluded it around $0.516, resulting in a Doji formation.<\/p>\n Dark Defender interprets XRP\u2019s Doji closure as a positive sign, anticipating a short-term retest of $0.66. Furthermore, the analysis points out that XRP has already broken through the initial resistance level, as illustrated in the accompanying chart.<\/p>\n Morning US, afternoon EU & fijn avond Asia!#XRP<\/a> closed the Sep candle with a doji. Breaking $0.55 gives tremendous momentum since XRP will be above the weekly Ichimoku Clouds, which will\u2026 pic.twitter.com\/OQCFoP49mD<\/a><\/p>\n \u2014 Dark Defender (@DefendDark) October 1, 2023<\/a><\/p>\n<\/blockquote>\n <\/p>\n \u2713 Share:<\/p>\n\n
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Crypto Experts Bullish About XRP Price<\/h3>\n
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I take this positive, as always, and expect a re-test towards $0.66 in a couple of days.<\/p>\n
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