The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has taken another twist, with confusion spreading across the XRP community regarding the deadline for the SEC’s appeal submission. As XRP prices show signs of growth, the uncertainty over the next steps in this legal saga continues to fuel speculation and mixed reactions within the community.

XRP Shows Strength Amid Legal Turmoil

XRP, the native cryptocurrency of Ripple, has witnessed a notable uptick in its price, with a 3.18% surge to $5.664 in just a few hours. This rally comes despite the backdrop of ongoing legal uncertainties. Ripple’s recent price growth began with strong support around the $0.54 mark, signaling renewed investor confidence in the digital asset.

The price rise coincided with growing speculation around the SEC’s deadline to file its appeal documentation in the case against Ripple. Investors seem to be interpreting the lack of a formal SEC filing as a potential win for Ripple, driving the recent bullish sentiment. However, this optimism is clouded by confusion over the exact deadline for the SEC’s next move.

Uncertainty Over SEC Appeal Deadline

The core issue revolves around the confusion within the XRP community concerning the SEC’s deadline to file a Form-C appeal. This form would be the official documentation for the SEC to proceed with its appeal against a recent court decision that many believe favored Ripple.

On social media platform X (formerly Twitter), users have been actively debating the SEC’s timeline. Various influential accounts have posted differing interpretations, with some claiming that the SEC’s deadline has already passed, while others insist there is still one more day left.

The uncertainty largely stems from differing interpretations of the timeline rules for legal filings. Some believe the deadline has already lapsed, while others argue that the SEC still has time to submit its documentation. The legal confusion has spilled over into social media, where different voices are adding fuel to the debate.

Mixed Reactions from the XRP Community

A post by an X user, XRPLEGION, Ignite much of the debate when they asked the community about the actual deadline for the SEC to file its Form-C. This post quickly gained traction, receiving a flood of mixed responses from other users. Some community members argued that the SEC was out of time, while others insisted that the appeal could still be filed within the next 24 hours.

The confusion intensified when prominent attorney Jeremy Hogan weighed in on the conversation. Hogan replied to XRPLEGION’s tweet, stating: “You don’t count the day of filing and then it must be filed within 14 days. Doesn’t that make it due… tomorrow? (I’m bad at math).”

Hogan’s response did little to clarify the situation, as the community remains divided over whether the SEC’s appeal is already overdue or if there is still more time. His comment, however, underscored the broader uncertainty surrounding the legal process and how it may impact Ripple’s case moving forward.

What Does the Law Say?

According to standard legal procedures, the SEC was granted 14 days from the date of filing to submit its appeal documentation. However, the community’s confusion appears to be around the specifics of how those 14 days are calculated. Some interpret the filing rules as excluding the day of the initial filing, while others include it, leading to different views on the final deadline.

As of now, data from Court Listener, a legal document repository, shows no new updates or filings in the SEC vs. Ripple case. This lack of clarity has led some to believe that the deadline may have already passed, while others are holding onto the belief that the SEC still has until the end of the next day to act.

Investor Sentiment: Hope and Uncertainty

Amidst the ongoing legal uncertainty, one thing is clear—XRP investors are hopeful. The lack of a formal SEC filing has led many to assume that Ripple may have the upper hand in the case, which could explain the recent price surge. The ongoing price increase in XRP, despite legal uncertainties, signals growing investor confidence in Ripple’s future.

However, this optimism comes with caution. The market remains highly sensitive to any updates regarding the case, and should the SEC file its appeal documentation before the final deadline, XRP’s price could experience volatility. For now, the market seems to be driven by speculation and hope that the SEC will either miss its deadline or fail in its appeal efforts.

The Bigger Picture: What’s Next for Ripple?

Ripple’s ongoing legal battle with the SEC has had a profound impact on the broader cryptocurrency market, with the case seen as a major precedent for how U.S. regulators approach digital assets. A favorable outcome for Ripple could significantly boost confidence in XRP and other cryptocurrencies that face similar regulatory scrutiny.

On the other hand, should the SEC proceed with its appeal and manage to win the case, it could result in further regulatory tightening on the cryptocurrency market. This would not only impact Ripple but could also set a precedent that makes it harder for other digital assets to operate without SEC oversight.

Conclusion

As of now, XRP’s price rise reflects the community’s cautious optimism, but the confusion over the SEC’s appeal deadline adds an element of uncertainty. Whether the SEC has run out of time to file its appeal or still has a narrow window left, the next few days will be crucial in determining Ripple’s legal standing and the future of XRP.

For now, the Ripple community remains on high alert, watching closely for any updates in the case. Investors will continue to monitor both legal developments and price movements, as the outcome of this legal battle could have far-reaching implications for the cryptocurrency market.