XRP course reaplet on SEC decision: Why the hoped-for price increase

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ripple CEO confirmed: SEC falls against ripple

In a significant news, Brad Garlinghouse, the CEO von Ripple, has announced that the Securities and Exchange Commission (SEC) finally dropped its case against the company. This decision reflects the recent tendency of the supervisory authority to withdraw other complaints.

Course explosion is

After the announcement, the market initially reacted positively, and the XRP course rose from around $ 2.33 to a maximum of USD $ 2.60-an increase of almost 10 %. As often in the crypto world, however, there was a quick correction. Although the course tested the higher level again, it could not hold it and finally fell back to USD

The morning after that, the course was slightly recovered, and at the time of writing, XRP is around $ 2.50. However, many investors are wondering why the course has not increased more. Compared to previous price reactions, the market finds this movement to be disappointing. For example, the XRP price doubled within one day after judge Analisa Torres 2023 decided that XRP is not a securities on stock exchanges. This time the expectations are more moderate and several factors continue to express the market.

Legal uncertainty: Waiting for cross appeal

An essential reason why the XRP course did not increase explosively is the continuing legal uncertainty. Ripple still has a cross appeal because the company wants to reclaim the penalty of USD 125 million, which is currently being kept in a trust account. This uncertainty means that some investors wait before taking larger positions.

the message has already been praised?

Another option for the leisurely price reaction could be that the message was already largely priced in the course. Similar scenarios showed themselves in the past, for example as an XRP, when it looked as if Donald Trump won the 2016 elections. A day before his inauguration, the digital coin experienced a rally that catapulted it from $ 3.50 to USD 3.39.

In addition, the SEC has already dropped several lawsuits against crypto projects in the past few months, including against Coinbase and the NFT platform Openea. Therefore, the market could have already priced in the result of the Ripple case in the previous increase in course. This legal victory may have been less surprising than it appeared at first.

FAZIT

The developments around Ripple and XRP illustrate the volatile nature of the cryptom market. While the news about victory against the SEC led to a short -term increase in the course, the continuing uncertainty and the already price movements have remained a decisive factor for price development. Investors should continue to observe the legal framework in order to be able to make informed decisions.