After years of legal battles, the long-standing Ripple vs. SEC lawsuit has officially come to a close. However, there’s still one crucial piece missing—the SEC’s official statement. Why the delay? In previous cases like Kraken and Cumberland, the SEC promptly issued statements confirming the outcomes. Legal expert Fred Rispoli suggests that Ripple should expect an official update within 60 days, but the silence raises questions about what’s next for XRP.
XRP investors were hopeful that the lawsuit’s resolution would spark a massive price surge, with some even predicting a $10 rally. Given the emotional rollercoaster of the legal battle, many expected this to be a major catalyst for price action. After all, XRP’s price historically reacted strongly to significant events, such as Donald Trump’s election. Would this legal resolution be any different?
However, there’s more to the story than just technical charts. A key indicator of sentiment is global search interest in XRP, which recently dropped to a low of 16 on Google Trends. To put that in perspective, XRP’s search interest peaked at 100 in January, coinciding with Ripple’s appeal deadline. During that time, XRP even saw a 5% price rally.
So, what does this mean? Could the SEC have unintentionally kept XRP alive by fueling public attention through its constant presence in the media? The endless debates on social media, comments from SEC Chairman Gary Gensler, and high-profile lawyers joining the case all contributed to XRP’s buzz. But now that the lawsuit is over, the chatter has quieted down—and so has the search interest.
Is the SEC’s silence the final blow to XRP’s social sentiment? Or is this just the calm before another surge? Only time—and that much-anticipated official statement—will reveal the true impact on XRP’s price.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Ripple vs. SEC: Lawsuit Over, But why Is an Official Announcement Delayed Until August 7?
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
