Why Is XRP’s Price Not Going Up After the SEC Lawsuit Win?

The post Why Is XRP’s Price Not Going Up After the SEC Lawsuit Win? appeared first on Coinpedia Fintech News

The crypto market is currently in the “Fear” zone, with the Fear & Greed Index sitting at 32, reflecting investors’ cautious sentiment. While Bitcoin and Ethereum continue to show volatility, XRP remains a hot topic of discussion. With Ripple’s legal battle with the SEC now over, many expected XRP to skyrocket—but that hasn’t happened yet. 

When news broke that the SEC had dropped its lawsuit against Ripple, XRP briefly surged 16% to $2.60. However, the excitement faded fast, and the price dipped back to $2.38 the following day. Investors were left wondering why XRP didn’t take off as expected.

Crypto analyst Armando Pantoja weighed in, pointing out that the SEC has yet to release an official statement confirming its withdrawal. So far, only Ripple’s CEO Brad Garlinghouse and CLO Stuart Alderoty have spoken on the matter. Without an official SEC position, many investors are staying cautious, preventing an immediate price surge.