XRP Drops Amid SEC Appeal Concerns and Chris Larsen’s 50M XRP Transfer

XRP fell by 0.39%, underperforming the broader crypto market due to concerns over a potential SEC appeal. Ripple co-founder Chris Larsen's transfer of 50 million XRP has fueled speculation about his intentions and the possible market impact. The future price of XRP depends heavily on the outcome of the SEC's appeal, with the potential for a decline below $0.40 or a rally to $1.00.