XRP decreases by 20 % after closing a lawsuit against Ripple against SEC, what is the following?

TL; D

• Was it a classic “Sell-The News”? This looks, as the price of XRP has decreased severely since Brad Garlinghaus, victorious, last week.
• Is the noise ending, or can something be returned to the Ripple icon across the border?

Close the lawsuit

Everything began more than four years ago, in December 2020, when the US Securities and Stock Exchange went after Ripple to sell unregistered securities (XRP) for $ 1.3 billion. The strike was immediately against Ripple as the stock exchanges deleted the distinctive symbol, while the former partners went.

The next four years are filled with fluctuations and turns, but the company was actually in the foreground, at least according to many of the court rulings that followed. Moreover, two Execs were acquitted. The Supreme Education Council achieved a slight victory when Judge Torest ruled that Ripple had to pay $ 125 million from a penalty kick, but that was far from the two billion dollars that the agency requested, and for this reason he resumed in 2024.

However, this appeal was dropped last week when the CEO of the company, Brad Garlinghyus, announced that the case had ended mainly by the committee’s decision. Ripple’s Clo confirmed that the company had dropped its appeal, which was characterized by the end of the lawsuit. Oh, and the company still needs to pay a batch to SEC, but it does not reach two billion dollars, not even 125 million dollars – only 50 million dollars.

Although the conclusion of the lawsuit is not a victory for the ground collapse of Ripple, it seems that it seems as if the company has appeared as an ethical winner. So, you expect a huge increase for XRP, right?

No more, just a correction

As with all the main ads, the XRP reaction was well with Garinghouse’s statement last week and moved from $ 2.3 to $ 2.6 in minutes. While many expected this to be the beginning of a big march, the reality is completely different.

XRP lost almost all gains within a day or two, and it was stuck less than $ 2.5 for a period of time. However, the decline at the market level severely struck the original. As of the time of the press, XRP decreased to $ 2.05, which means that it has lost more than 20 % of the peak from last week.

It seems that its battle with USDT to the third place in terms of the maximum market is lost, as there is a $ 25 billion gap between the two. Moreover, one of the famous analysts warned that XRP might drown about $ 1.2 if the support of $ 2 is broken to the negative side, which is now tested.

All in all, indicates that this was a classic “Sell-The News” of XRP, although Ripple wins on multiple fronts.

however, Some factors can still reflect the course of the prices of the original in the following months, such as the possibility of obtaining or ripping their ETF in the United States. Or, perhaps, it could have already been, There is more pain in the future.