The XRP community is eagerly awaiting the final ruling in the Ripple SEC lawsuit, expecting a significant boost to the XRP market value. However, some community members, like Rachelle Renee, have expressed skepticism about the impact of the ruling on XRP price.
Renee points out that the final decision will likely focus on Ripple’s punishment for violating federal securities laws, including a potential $2 billion fine. This aspect of the ruling may have no direct impact on XRP price, as it primarily concerns Ripple’s past actions.
Regulatory Clarity Already Established
Moreover, the crucial ruling that XRP is not a security has already been made, providing institutions with the necessary legal clarity to buy, hold, and use XRP. This confirmation has already been given, and institutions do not need to wait for the lawsuit’s conclusion to proceed with XRP adoption.
While some community members believe the end of the lawsuit will pave the way for institutional adoption and global partnerships, Renee argues that Ripple already possesses the necessary regulatory clarity to pursue collaborations. Any future announcements about adoption are not directly tied to the lawsuit’s conclusion.
Previous Price Increases Not Sustained
XRP’s price has already experienced a significant increase of over 50% in mid-July, driven by speculation about a potential settlement between the SEC and Ripple. Although the closed-door meeting did not yield any significant developments, the price growth was further boosted by statements from Ripple CEO Brad Garlinghouse, who hinted at the case’s imminent conclusion.
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In light of these factors, Renee suggests that the final ruling may not have a substantial impact on XRP’s price beyond what has already occurred. While the news may spark a price gain, it may not lead to a significant bull run.
The XRP community remains divided on the potential impact of the final ruling, with some expecting a substantial price increase and others, like Renee, adopting a more cautious approach. As the community awaits Judge Analisa Torres’s final pronouncement, it is essential to consider the nuances of the ruling and its potential effects on XRP’s value.
In conclusion, the final ruling in the Ripple SEC lawsuit may not be the catalyst for a significant XRP price increase that some community members expect. The ruling’s focus on Ripple’s punishment and the already established regulatory clarity for XRP adoption suggests that the impact may be more muted than anticipated.
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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