The US Securities and Exchange Commission has finally appealed in Ripple’s case against earlier judgment from the United States Court of Appeals for the Second Circuit, a Wednesday filing revealed. Ripple, on the hand, is considering to file a counterclaim.

The US Securities and Exchange Commission appealed a court decision ordering Ripple Labs Inc. to pay a $125 million civil penalty for improperly selling its XRP token, a fraction of the $2 billion the regulator sought in a long legal battle with the cryptocurrency company.

The SEC's recent appeal in the Ripple case puts the future of the XRP ETF and Ripple's market status in doubt.

The US SEC has finally appealed in Ripple’s case against earlier judgment from the United States Court of Appeals for the Second Circuit.

XRP Tumbles on SEC Appeal Filing. On Wednesday, October 2, XRP tumbled 9.78%, following a 2.43% loss on Tuesday, closing at $0.5388. Significantly, XRP underperformed the broader

While cryptocurrencies reflected increased optimism, with analysts forecasting historical surges in the coming month, new developments regarding the Ripple vs. SEC battle cast a shadow of uncertainty within the XRP community.

Eleanor Terrett, a Fox Business journalist, recently shared that the SEC might appeal the 2023 ruling on the Ripple's XRP programmatic sales.

On Monday, September 30, XRP slid by 4.60%, reversing Sunday’s 4.29% rally, closing at $0.6120. Significantly, XRP underperformed the broader market, which declined by 3.21% to a total market cap of $2.181 trillion.