🚨Will the SEC Appeal Ripple Case Ruling & Crash XRP's Price?

the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please leave a five star rating and review. Folks, Today bitcoin pull back a bit. And this is what I've been telling you guys for weeks now. Yes, it's really nice to see bitcoin breaking out and hitting sixty five sixty six thousand, but I've been saying, ad nauseum, be cautiously optimistic because we don't know if the bottom is

officially in yet, and Bitcoin has to prove itself. It has to show us the strength, and the rally has to prove itself. And of course we've got to pull back. Now. This is on the micro, on the macro, you guys know I am super bullish Q four. I believe bitcoin will hit new all time highs. It will break past seventy three thousand dollars. I could be wrong, but I

believe there's a high probability of that happening. And as I've been also highlighting, the DXY could find some strength in the short term before ultimately breaking down below one hundred. I've been saying that for a long time, right But as always patients, this is why we have to exercise patients when it comes to investing. We have to form a thesis with the facts and what the data and the trends and the fundamentals are telling us, and be patient.

Let these things play out and your patience will be rewarded. And if the price volatility bothers you just step away from it, take a break, don't stare at it, you know what I mean. I do that sometimes I do a bit of a digital diet. I step away from the markets, I step away from looking at the price

and turning off social media. So it's important to do that for your mental health and to keep a straight mind when it comes to investing, because markets can play with your emotions and I've learned that over the years, and I'm not saying I'm perfect at it, but I've But it's like a muscle, right, you keep exercising that muscle and you get better, you become more experienced, you

build thicker skin. So when you see the market pull back, you're like, oh, whatever, you know, wait till it comes back up and then we can start focusing on it again. So I hope you understand that. I hope this information is helpful. This is what I've learned over the years since I entered the crypto market in twenty sixteen. Now, guys,

let's talk about some news around SEC versus Ripple. October seventh is the deadline for the SEC to challenge the July twenty twenty three ruling by Judge Analsa Torus that deemed some of the Ripples sales of XRP violated securities laws. So remember Judge Torres rule that institutional sales fell into that securities category while secondary market sales on exchanges are not securities, and that the token itself intrinsically is not

a security. So the big question that everybody wants to know is will the SEC appeal and if they do appeal, will that impact the price because we see xcorp is starting to break out on the charts. Nothing to call home about, but it is breaking out, and the crypto market is starting to build momentum, and as Bitcoin heads to new all time highs, the liquidity will then start

to flow down to the all coins. So we want to see XRP experience a true bull market since the last one of twenty seventeen to twenty eighteen, where there was nothing hindering it and it did really well. Now I'm diversified. I hold Bitcoin, Salona, Ethereum, XRP, and so forth, so this is not my only horse in the race. I've been telling people for years diversify, diversify, diversify, because if you put all your eggs in one basket, you never know what could happen, and then you miss out

on gains. So Eleanor Turt of Fox Business did a great write up on this. Let me share some details and what I think the impact may be on the price if the sec does appeal. So the Securities in Exchange Commission has until October seven to decide if it will challenge the July twenty twenty three ruling by US district judge and Alsa trus that deemed only some of the ripple sales of XRP cryptotoken violated securities laws, a decision that has garnered criticism from securities lawyers and other

federal judges. That said, the ruling is considered a major legal victory for the still nasson crypto industry, as it attempts to prove that the emerging asset class is not in violation of US securities laws as the SEC beliefs. It has also become a cornerstone in the legal strategies of other crypto entities like exchanges, Coinbase, Finance, and Kraken, which are currently being sued by the Commission for allegedly

selling unregistered securities. That's why former SEC lawyers who spoke with Fox Business say an appeal as likely as the agency and its crypto skeptic chairman Gary Genser are determined to assert jurisdiction over the two trillion dollar industry and don't want to endorse a dual system that the torre's opinion could create in the securities market. Here's a quote.

I believe the SEC will appeal. I would think it would not want to have the programmatic trading analysis stand said Mark Powers, a blockchain professor at the Florida International Universe, the College of Law and former SEC enforcement attorney. It creates inconsistency in ruling by district court judges and in the Second Court. Now it's important to highlight here this is a former SEC official. So I've had like Mark Fagel, who's a former SEC director, a regional director, and he

also agrees with it. So I have to say there's some bias here because he's a former SEC guy. And I've noticed a lot of these guys. You know, they stand with the SEC no matter what. If the SEC is doing the wrong thing, they will try to cover for the agency. And I get it, you know, it's kind of like you work there. It's a bit of a club and they want to paint the SEC in

the best light as possible. Unfortunately, Gary Ginster is burning the house down with his political nonsense, lying, backstabbing and much more. And here's the thing, guys, I think the SEC will appeal and it's not because the SEC as an agency feels this way. It's scumbag regulator Gary Ginster that feels this way. I believe Gary's out to do whatever he wants. He's an agent of chaos. He's been weaponized by the tradifying comments to come in and kill

these crypto startups, not kill crypto. So he's just going to do whatever he wants. And the reason why I feel that way is that look at all the political pressure that's been put on Gary, Donald Trump calling him out, the industry, Democrats and Republicans coming together to repeal SAB one two one to pass the FIT twenty one bill out the House. Top Democrats like Chuck Schumer supporting crypto. Yet Gary come at the beginning of September issued a wells notice the Open Sea that they went after e

Toro and they're going after anything now. So he doesn't care and that is why we need Congress to pass the legislation because he doesn't care about the criticism. He doesn't care about being embarrassed and called out by the courts. So I feel he's going to appeal. The question is if they do appeal, will it roeblock the XRP price from hitting its potential high in this bullmarket cycle. On one hand, I think there will be short term volatility, but I think overall, I don't think it's going to

affect xrpce price. Here's why. Even after the Ripple lawsuit in twenty twenty December twenty twenty, xrpiece still ran up to near two bucks. But what happened the exchanges started delisting it, and then the price started collapsing, right because no one can access the token, people started selling. But now that Ripple's kind of gone through the fire, you know, no one's scared of the SEC anymore as far as getting in walls known as their lawsuit. In fact, the

industry's countersuing and they're doing proactive lawsuits. So I think that aspect the fear that was there, oh no, the SEC's coming after US is gone, and many investors are seeing the chink in the armor of the SEC and Gary Genser. So I don't think that fear is going to be there for the long term of the bull market. But short term, if the you know, the news breaks, oh the SEC is going to appeal, xrps price could

see a lot of volatility. And remember xrpiece fully relisted on all exchanges in the United States and globally, and in fact, there's more exchanges than now list the token, and in fact we saw a grayscale launch and institutional trust for XRP recently, so there's a lot of momentum. There's a different narrative, there's a different feeling versus what took place in twenty twenty. So I still think XRP

can run. Personally, if you look at the chart using a Fibonacci model, I could see XRP getting to just over five bucks, maybe at its highest about six dollars. But some people, some analysts, are calling for eight dollars. So you know, one user tweeted out here at chart showing that his all time high target for this cycle is eight bucks. Now, we are not talking guarantees here.

These are probabilities, and I will start to take profits on XRP as it crosses four dollars and then to five and so forth, because I don't know how high this is going to go. I'm not saying I'm selling all my XRP at those prices, but I'm going to start to ladder out. And this is important because no one can call the top hoolks. No one can call the top if they know what the top's going to be,

ask them for the winning lottery numbers next week. So you can go play the lottery and make money that way. It'll be a hell of a lot easier, right, So just understand that you have to dolo coast average out as a dolo coross average in. So that's what I'm expecting for XRP. And like I said, short term volatility if the SEC appeals and the news makes the rounds. But long term, I don't think this affects the price unless there's another major issue, which I'm not anticipating, because

Ripple continues to build. They're launching the r l US, the stable coin, enabling smart contracts and so forth. And in fact, guys, today I was at MAInet and I'm going to be at MAInet tomorrow as well. That's Missari's main Net conference happening in New York City. I met Paul Gridwall, chief legal officer at Coinbase, and a bunch of other people who have interviewed and known the industry.

So I'll be there again tomorrow. But I spoke to a former Ripple employee and I can't disclose that person's name, but let me share what I tweeted out today to everybody. I just spoke to a former Ripple employee at MAInet. This person was part of the team that developed Ripple's odel product. I asked them about the upcoming rl USD stable coin and whether they think it could negatively affect XRP. They mentioned that they had advocated for Ripple to launch

a stable coin years ago. Paraphrasing their response, they said, the stable coin will actually be beneficial for XRP, as it will be paired with it. XRP will help provide the stable coin with greater liquidity since it is available in all exchanges. Additionally, this pairing will help stabilize the stable coin and prevent depegging. They also stated that the stable coin will open up new use cases in for x and much more so. I heard it directly from

the horse's mouth. Had a kind of off the record conversation, so to speak, you know, not disclosing the person who it is, but I know the person very well. I know that they worked at Ripple, so just letting you guys know. And this is interesting. I know there's been a lot of talks about how this could be negative for Ripple, but I don't believe so because here's the thing people get caught up too much in is the token itself being used. That is important. Don't get me wrong.

The token should be used in certain ways, but remember Metcalp's law, and this applies to all blockchains out there, ethererem and so forth. The more building that you have, the more activity, the more beneficial it is for the native token. Many folks don't understand that concept. I've often shared the example of Facebook. Facebook was worth millions of dollars before they even launched an ad or had a

monetization strategy. Right Why Because there was people on the network using it, and there was activity, there was adoption, and the more adoption, the more utility. The more building that a network gets, the stronger it becomes, and the more valuably becomes. What's different this time around versus Facebook is there's a native token, and that native token is used to grease the network, to help pay for fees

and transactions and so forth. Token is going to raise in value because I've often shared in my newsletters the developer activity on blockchains, and there's also daily active users, the monthly active users. These are metrics that I know a lot of folks don't pay attention to, but I paying I'm paying attention to it. And this is this is going to benefit Ripple. I don't think this is

going to take away anything from XRP. I think it's a different product, and while it may be a bit of a departure from strategies they had in mind years ago, I still think it's beneficial. And that's just my take on it. I could be wrong. So I'm always open to hearing feedback, and I would love to hear what you guys think if you can leave your thoughts in the comment section. So I wanted to share that with you guys. And here's something else I wanted to highlight

from Jake Trawski. Apparently crypto companies and founders are thinking about geofencing the United States as a compliance strategy. I don't know how many of you know about geofencing. This is something if you're in the marketing field digital marketing, you may know about it. It's where you put up blocks on IP addresses and from people who are in

a certain region. So maybe based on if you don't have a license to operate in there, you can block certain IP addresses and you know, if the user is coming from the United States in this case, they won't be able to use their respective platform, app or whatever it may be. And it's sad that these businesses have to do this. This is why we need clear regulations, guys, and we have to keep calling up our representatives. You get a vote accordingly. Here Brian Armstrong ce have Coinbase

tweeted out just today elections getting close. Make sure you are registered to vote, and he highlighted Stand with Crypto you know, which is a nonprofit organization dedicated to uniting global crypto advocates. Go on there you can see who's pro crypto and who's not. Now, speaking of pro crypto, John Deaton running against Elizabeth Warren. John is of course battling crypto's greatest enemy because she's the one that controlled Gary Ginster. Remember that he tweeted out today. Tonight is

the deadline. Friends. We need your support to finish the month strong. Chip into whatever you can today by going to John deatonfirst Senate dot com slash donate So guys, if you haven't donated as yet, please go donate. And I've already donated, so go check it out. Guys, support John. He's obviously procrypto and he's balanced. He's not like an

extremist on either the left of the right. He's running as a Republican, but he's not any type of extremists, so check out John's policies and his things, of course, but he's trying to unseat Elizabeth Warrens, so let's make it happen now, guys. Quick word from our sponsor, and that is Gemini, which is a great crypto exchange. You can buy us all trade crypto. They have a fully functional exchange, they have staking, they have a credit card,

they have a stable coin called Gemini Dollar. They also have a derivative platform where you can trade bitcoin and all coins with perpetual contracts. And if you sign up using my link guys, and you trade one hundred dollars in bitcoin, you can get fifteen dollars in bitcoin for free. So check out the link in the description and don't forget to sign it for my free email newsletter on substack. And also grab a cop in my book, Rethinking Crypto.

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