XRP has experienced significant turbulence over the past few years due to ongoing legal challenges from the U.S. Securities and Exchange Commission (SEC). Some also believe the controversy surrounding ETH Gate has contributed to XRP’s woes. Despite these obstacles, the community remains resilient, displaying a strong sense of unity and determination.
The Bearable Bull (@thebearablebull), an active crypto trader since 2016 and a prominent voice in the XRP community, recently shared a statement that captures the sentiment of many within the XRP community. The message reflects the frustration over missed opportunities due to regulatory setbacks but shows optimism for the future of the digital asset.
In December 2020, the SEC filed a lawsuit against Ripple, accusing the company of selling unregistered securities through its XRP sales. However, a part of the SEC’s allegations were thrown out when the court ruled that non-institutional sales of XRP did not constitute securities offerings.
Although the lawsuit has hampered XRP’s growth and the legal process has been drawn out and complex, the community has shown remarkable resilience, rallying around the cryptocurrency they believe in.
The lawsuit is finally near its end, and The Bearable Bull’s statement reflects the collective sentiment of the XRP Army, highlighting the community’s determination to overcome these challenges and push XRP to new milestones.
The anticipation for XRP’s performance in the latter half of 2024 after the lawsuit ends is palpable. The Bearable Bull described 2024 as the XRP community’s revenge, and stated, “We Deserve Every Dollar We’re About To Make.” The community is eagerly awaiting the outcome of the legal proceedings, hopeful that it will bring clarity and stability to the XRP ecosystem.
Despite the hurdles before XRP, there are signs of progress and resilience. In early February, XRP shocked the cryptocurrency market by outperforming the entire market in the space of 24 hours. Despite the suppression caused by the lawsuit, XRP is showing signs that it is ready to break out.
Ripple’s partnerships and important developments like the upcoming Ripple stablecoin also play an important role in XRP’s future success. Despite the SEC’s aggressive tactics, its losses in other lawsuits show it is on the wrong side of this battle. The consensus is that 2024 is XRP’s year. The Bearable Bull closed his post with a profound statement, writing, “Nobody Can Call Us Lucky. We Made It.”
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