XRP drops 4%: Is the SEC preparing to appeal by Oct 7?

In the past 24 hours, XRP has dropped around 4%. The possible reasons for the short-term weakness arise from the SEC’s potential appeal against Ripple. Ripple had a positive year-to-date return but XRP’s scheduled release of 1 billion tokens is also having a slight downward pressure on its price. How soon will the token recover?

Source: Cryptopolitan