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XRP price is recovering slowly and steadily, rising nearly 8% in the last week.
Ripple proponent Bill Morgan countered Jeremy Hogan's prediction of the SEC winning the appeal.
A letter sent by the SEC to Judge Torres also hinted at a potential settlement by November 9.
XRP price has been attempting to breach the same barrier since mid-August and could finally see it happen over the next week. Ripple is expected to see some positive developments come November, which could also include the conclusion to the Ripple-SEC lawsuit saga that started nearly three years ago.
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