Key Takeaways The Securities and Exchange Commission (SEC) appealed a 2023 federal ruling that stated the that XRP tokens were not a security that fell under securities laws.Ripple Labs' digital asset,

The SEC Wednesday filed to appeal a 2023 court ruling that XRP is not considered a security when sold to retail investors on exchanges.

Investors await the SEC filing for details of its appeal. Price trends will likely hinge on speculation about the SEC’s appeal strategy and the court filing. If the SEC appeals the Programmatic Sales of XRP ruling, XRP could drop toward $0.40.