XRP's Bearish Outlook Amid Legal Developments**

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XRP saw a modest increase of 1.22% following Ripple's cross-appeal against the SEC in their ongoing legal battle, outperforming the broader crypto market. This cross-appeal aims to challenge significant points from the August judgment, with Ripple's Chief Legal Officer asserting that the SEC lost on all major arguments. However, XRP is likely to remain under $0.55 as investors await further developments from both parties. Speculation surrounding the SEC's potential appeal and its implications will heavily influence XRP's demand. Should the SEC present a compelling case, XRP could dip toward $0.50; conversely, a withdrawal of the appeal may push XRP closer to $1.00, reminiscent of the price movements following the Programmatic Sales ruling.

Conclusion & Advice :

Traders should closely monitor the legal proceedings between Ripple and the SEC, as they will significantly impact XRP's price action. Setting appropriate stop-loss orders is advisable to manage risks in this uncertain environment. Keep an eye on news updates and court filings to make informed trading decisions in the coming weeks.