XRP’s Surge Tied to SEC Appeal Speculation, Ex-Lawyer Eyes January Outcome

• Rumored appeal withdrawal by the SEC triggered XRP’s recent rally.
• Experienced lawyer expects XRP volatility to continue until January 15.
• The crypto community is optimistic ahead of Gary Gensler’s expected resignation.

XRP’s price went ballistic after rumors emerged of a potential withdrawal of the SEC’s appeal in the litigation between the commission and Ripple. The rumors are based on the impending replacement of Gary Gensler as the SEC’s chair following Donald Trump’s victory in the last U.S. presidential election.

Despite the increasing intensity of the rumor, Marc Fargel, a retired securities lawyer, believes the appeal withdrawal will not happen until Gary Gensler leaves the helm of affairs at the SEC. In a recent post on X, Fargel noted that withdrawing the appeal by the SEC would be historic. However, he observed that the effect of the rumor will continue until January 15, marking the date for the expected filing.

Fargel thinks the period between his post and the upcoming brief filing gives enough time for bogus posts about weekly meanings of the potential appeal withdrawal. That gives room for heightened speculations that would con…

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