Ripple (XRP) has seen rapid price gains amid speculation that the SEC may appeal the Ripple case ruling. Lawyer John Deaton believes an appellate court is unlikely to find fault with the decision. However, SEC Chairman Gary Gensler could still appeal before the October 7th deadline, potentially increasing XRP price volatility.

On-chain metrics suggest accumulation, with rising mean coin age and exchange outflows indicating bullish control. Dormant circulation has been quiet since September 21st, and the 30-day MVRV shows profit-taking may soon occur.

The OBV broke mid-September highs, and the CMF signals strong capital flow. The MACD also indicates upward momentum, as XRP moved past the 10-week resistance at $0.62. However, if buyers fail to break the $0.71 resistance, this rally could be short-lived.