Despite the U.S. Securities and Exchange Commission (SEC) officially dropping its case against Ripple, XRP’s price has yet to deliver the explosive rally that many anticipated.
Initially, news of the lawsuit’s resolution sent XRP soaring to $2.60, reflecting a 16% increase in value on the day of the announcement. However, this surge proved to be short-lived, as the cryptocurrency retreated to $2.38 the following day, erasing 8% of its gains.
This unexpected pullback left many investors questioning why XRP had not skyrocketed in response to such a landmark development.
Among those offering insights into XRP’s lackluster price action is angel investor Armando Pantoja, who voiced his thoughts on social media.
He addressed the sentiment many XRP holders shared, asking, “Why hasn’t XRP hit $10 following this news?”
Pantoja pointed to a critical factor: the SEC has not yet officially confirmed its withdrawal from the lawsuit. While Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty both publicly stated that the SEC had decided to discontinue the appeal process, the regulator has yet to issue its official statement.
According to Pantoja, the lack of direct confirmation from the SEC has left some investors hesitant, preferring to wait for regulatory clarity before making significant moves.
Pantoja further explained that XRP’s price movements differ from those of smaller, speculative assets like meme coins, where sudden 10x surges can happen within hours.
Instead, he emphasized that XRP’s price is heavily influenced by derivatives trading, which tempers extreme volatility. This structural factor makes it unlikely for XRP to experience a rapid price explosion in a matter of hours or days.
“A 10x move will happen, but not in 24 hours,” Pantoja reassured investors.
Other analysts provided a different perspective, suggesting that XRP’s price had already accounted for the SEC’s withdrawal before the official announcement.
In the days leading up to Ripple’s confirmation, speculation was already widespread within the crypto community that the lawsuit was nearing its conclusion. This anticipation likely meant that the bullish momentum was already factored into the market, preventing a dramatic post-announcement surge.
With legal uncertainty no longer weighing on Ripple, attention is shifting toward what will fuel XRP’s next major rally.
According to Johnny Krypto, co-founder of Merlin, XRP’s long-term growth will hinge on real-world adoption, institutional investment, and utility-driven demand.
He highlighted several factors that could trigger a sustained uptrend, including:
While the short-term price action remains subdued, analysts like Johnny Krypto remain bullish on XRP’s future trajectory. In an optimistic scenario, he envisions XRP reaching $8 or beyond during a strong bull cycle.
Although XRP’s price reaction has been underwhelming, the long-term outlook remains promising. With regulatory hurdles cleared, the next major move will likely depend on fundamental adoption, institutional confidence, and the broader market cycle.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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