Home web3.0 XRP Starts to Rise Again with Support from $0.54, but the Community Is Confused about the SEC Appeal Timeline

XRP Starts to Rise Again with Support from $0.54, but the Community Is Confused about the SEC Appeal Timeline

Oct 17, 2024 pm 03:30 PM
ripple XRP SEC Appeal

XRP has started to rise again with support from $0.54, however on the other side, the community is confused about the SEC appeal timeline.

XRP Starts to Rise Again with Support from <img src=.54, but the Community Is Confused about the SEC Appeal Timeline" >

XRP price has started to show signs of recovery again with support rising from $0.54. However, on the other side of things, the XRP community appears to be confused about the SEC appeal timeline. On social media platform X, a number of large X accounts are presenting their understanding of when the deadline is for the SEC to file form C. Let’s unveil what is happening on social media and what you should know about the deadline.

Community Filled with Hope as Deadline Nears

Several large X accounts have posted that only a few hours are left before the SEC can no longer file the Form-C. At the same time, there is another group that thinks the deadline has one day left and it’s not today. Amidst all this, people started calculating the days since the SEC has filed the appeal. User XRPLEGION went on to post the question asking the due date. This tweet received a huge number of mixed responses from the community. Some believe the time is almost out however according to others the SEC still has 24 hours to submit the Form-C.

I see filed on 10/2 and recieved on 10/3. So when is the form C due? @DeatonforSenate @attorneyjeremy1 #XRPArmy https://t.co/rLukrfH5dg

Things got interesting when attorney Jeremy Hogan replied to the poster’s tweet stating “You don’t count the day of filing and then it must be filed within 14 days. Doesn’t that make it due…tomorrow? (I’m bad at math)”

XRP Price Started To Rise Again

Amidst this discussion the XRP token started to show signs of recovery again. In the last 3 hours it has surged over 3.18% reaching $5.664. Looks like the community is getting excited assuming that the deadline is over and the SEC did not file the appeal documentation.

The Story Keeps Rolling On

Data from Court Listener does not show any new document in the SEC vs Ripple Labs case. Does this really mean the deadline is due in another 24 hours or it has already lapsed. Stay tuned as this is a building story and we will keep providing the updates here.

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