The recent conclusion of the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) was a significant milestone in XRP’s history. For years, XRP investors and enthusiasts anticipated this legal battle’s outcome, hoping it would act as a catalyst for a substantial price increase in XRP.
However, the aftermath of the favorable ruling has sparked debate within the community, with many raising questions about why XRP has failed to meet expectations again.
XRP Venture (@Venture2018), a prominent investor and voice within the XRP community, expressed skepticism regarding the immediate impact of the lawsuit’s conclusion.
He noted, “In the last 5 years, we have had announcements of good news, and $XRP runs up $0.10 only to run right back down. Everybody making YT dollars says #XRP goes to the moon after the lawsuit is over. Well, here it is!”
This sentiment captures the frustration and impatience of some investors who expected a rapid price increase following the lawsuit’s resolution.
After the ruling, XRP climbed over 20%. Many saw this as the start of a continued upward trend, but its momentum has stalled, defying the numerous predictions of massive price surges after the lawsuit.
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The Community Reacts
Jungle Inc., a well-known crypto YouTuber, responded to XRP Venture’s post by clarifying, “Not everyone on YouTube said we go to the moon post lawsuit.” While many anticipated a quick surge in value, others acknowledged that market dynamics are unpredictable and complex, and advocated for realistic expectations for XRP.
Another community member offered a broader perspective, stating, “Really, the lesson to be learned is that all the ‘pros’ and ‘YT’ talk a good game, but at the end of the day, no one has a clue what’s going to happen. Hodl for the long haul.”
XRP Venture responded affirmatively, agreeing with the sentiment and suggesting that patience and long-term holding might be more prudent strategies than expecting immediate returns.
Interestingly, not everyone shared the belief that the lawsuit would bring immediate price surges. One community member cautioned against expecting rapid changes, writing, “Lol, you expect everything to happen in one day? Relax mate, give it a year or so at least.”
This comment reflects a belief that the true impact of the lawsuit’s resolution may take time to manifest in the market. However, the community is still bullish, and a trading veteran recently listed factors that could send XRP to double-digit prices.
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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