Ripple Labs continues to face legal pressure from the U.S. Securities and Exchange Commission (SEC). This ongoing battle has affected the performance of its native token, XRP. While other cryptocurrencies have seen notable gains, <a href="https://cryptotale.org/xrps-first-drop-analysis-show-potential-move-towards-6-88/" rel="noopener noreferrer nofollow">XRP</a> has lagged behind.The primary issue is the uncertainty over whether XRP should be classified as a security or a commodity. This legal uncertainty has caused investors to remain cautious, holding back the token’s growth compared to its peers.<h2 id="header-0">Impact of Legal Ambiguity</h2>However, legal issues have not stopped XRP from trading above a critical support level of $0.52. This support level however has been tried severally. Market analysts are closely observing, as if it goes below this level it could experience further slumps.Related: <a href="https://cryptotale.org/ripple-files-cross-appeal-in-sec-lawsuit-over-xrp-token-sale/" rel="noopener noreferrer nofollow">https://cryptotale.org/ripple-files-cross-appeal-in-sec-lawsuit-over-xrp-token-sale/</a>On the other hand, a quite large rise may enhance the viewers’ sentiment of the marketplace. A spike in volatility expected next week could also impact the market’s view of XRP. The legal overhang has kept the asset from breaking past resistance levels, limiting its momentum in recent months.<a href="https://cryptotale.org/xrps-legal-woes-ripple-ceo-slams-sec-over-tokens-status/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

XRP’s Legal Woes: Ripple CEO Slams SEC Over Token’s Status

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