Ripple Lawsuit Ends, XRP Price Unaffected Despite Positive Sentiments
The recent settlement of the Ripple vs. SEC lawsuit has not led to significant adoption or price action for XRP. Despite positive events like the launch of the first U.S. spot XRP ETF, the token's price remains flat.
Key Points
- XRP is trading at $2.81 with a 5.2% dip over the last 24 hours.
- Market cap is approximately $168.16 billion.
- 24-hour trading volume increased by 110.17% to reach $7.1 billion, indicating ongoing ecosystem engagement.
- Bill Morgan asserts that the lawsuit can no longer justify XRP's stagnant price.
The conclusion of the lawsuit and other favorable developments have not yet translated into expected market movements for XRP. The situation indicates a need for alternative reasons for the lackluster performance of the token.