XRP Holders Still Expecting This Big News For Massive Price Rally

The U.S. Securities and Exchange Commission (SEC) has recently agreed to drop its appeal against Ripple, marking a significant development in the long-standing legal battle. While the crypto community acknowledges this as a notable step, opinions remain divided because the SEC has not announced it officially.

XRPcryptowolf (@XRPcryptowolf), a popular crypto influencer on X, recently asked the community an important question. He wrote, “Do you believe XRP will flourish once the SEC announces the official news that the case is done for good?”

XRP Army Weighs In

Although the SEC has withdrawn its appeal, some community members note that the case is not fully resolved until the federal judge officially dismisses it. One commenter wrote, “I hear they are waiting on the federal judge to drop the case. There’s an agreement but we have to wait on all the legalities.”

This shows the uncertainty of many in the community. The resolution of legal issues typically removes uncertainty, which can be beneficial for institutional adoption and investor confidence.

Meanwhile, Zach Rector, a prominent crypto figure, recently predicted that many in the community will be priced out due to their unwillingness to act before the official announcements.

Another common viewpoint within the cryptocurrency community is that major news events often result in a short-term price increase, followed by a sell-off. One user argued that the best approach is to accumulate when notable rumors or unofficial announcements come up and sell when confirmation comes and the asset’s price increases.

This pattern has been observed in previous market cycles, where significant developments initially push prices higher but fail to sustain long-term gains without additional fundamental growth.

He noted that whales often do this, buying when the prices are low and dumping tokens on retail investors when big news comes. Notably, the XRP ecosystem has seen significant whale activity in recent weeks, suggesting the whales may be preparing for a selloff once the official news comes.

Long-Term Growth Requires Additional Catalysts

Another commenter pointed out that while XRP may see a temporary price increase, further developments are needed for sustained growth. He stated, “It may bump up a little, but it’s gonna need some more things to happen.”

Others in the community share this view, as one commenter stated that ETFs, tokenization, and a supply shock will do significantly more for the digital asset’s price than the official announcement.

The asset will require integration into financial systems, increased utility in payments and remittances, and broader institutional acceptance.

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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