The US Securities and Exchange Commission (SEC) has formally begun its appeal in the legal battle against Ripple Labs, filing a late appeal to overturn a previous ruling. Despite this, Ripple's XRP token has continued to surge in value, breaking above $3 for the first time since 2018. The SEC argues that XRP sales to retail investors should be classified as unregistered securities, but XRP remains unaffected by the legal proceedings. Indicators such as the rising Chaikin Money Flow and Awesome Oscillator suggest increasing bullish momentum and potential for further price gains. However, a reversal in market sentiment could lead to a drop in price below $3.



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