- The U.S. Securities and Exchange Commission (SEC) has appealed Judge Torres' recent ruling in the Ripple case, causing the price of XRP to plummet.

- The XRP community has launched a petition against the SEC's appeal, but it does not have the legal force to stop the lawsuit.

- Judge Torres previously ruled that XRP sales on secondary markets were not securities transactions, but ordered Ripple to pay $125 million for violating certain laws.

- The petition, which has garnered over 8,300 signatures, aims to draw attention to the case and protect the interests of digital currency enthusiasts.