Want To Know When Is The Next Critical Date For XRP? Read Here!

<p>&nbsp;"XRP investors must be nervous, but you have to be prepared for any situation."</p><p><br /></p><p>Ripple (XRP) is on the decline as the United States (US) Securities and Exchange Commission (SEC) filed an interlocutory appeal plus the cryptocurrency market has recently seen a significant plunge.</p><p><br /></p><p>The string, XRP has to respond on September 1, 2023 and the SEC on September 8, so here it can be seen that the time frame is very important to determine the legal position of XRP and the subsequent impact that the following digital assets will face.</p><p><br /></p><p>However in its court filing, the SEC pointed out that the goal of its argument is not necessarily because XRP is classified as a security.</p><p><br /></p><p><br /></p><p>This is because the filing reveals the SEC does not intend to pursue appellate review of any determinations regarding the nature of digital assets that are essentially computer code and have no inherent value.</p><p><br /></p><p>Following the SEC's move, concerns that the price of XRP may fall to $0.50 or even lower for the second trading session in a row have sparked among investors.</p><p><br /></p><p>Although XRP recovered 3.60% on Sunday shortly after gaining as much as 2.71% last Saturday, its price is still struggling with a decline of more than 16% over the past week.</p><p><br /></p><p>As of this writing, the price of XRP has plunged by 2.52% to $0.52 in the last 24 hours with a market capitalization of $27 billion further recording a 17.29% decline over the past week.</p>