$XRP

The XRP price has failed to shoot up dramatically in the wake of Ripple’s victory against the US Securities and Exchange Commission (SEC). After the SEC officially dropped its appeal against Ripple, many market participants expected a new all-time high. Instead, XRP climbed only by 13% as far as $2.60 before retreating to around $2.40, perplexing investors who had anticipated a sharper rally.

Why Is XRP Not Skyrocketing?

According to Johnny Krypto, co-founder of Merlin, the lack of a massive spike in XRP’s price should not come as a shock. He draws a parallel with historical events in both crypto and mainstream markets, emphasizing that anticipatory trading often leads to muted responses when the official news finally arrives. “When Trump won, there was no logical reason for XRP’s price to jump, but the market was pricing in that the lawsuit would be dropped,” Johnny explains. “That’s why we saw the big pump back then.”

He points out that the run-up from $0.50 to $2.50 last November reflected traders betting on a favorable outcome to Ripple’s legal troubles. Now that the outcome is certain, the market is responding more with a whimper than a bang. “If the SEC had maintained the appeal, XRP’s price would have likely plummeted instead of staying stable,” he adds, noting that the absence of a negative development has effectively kept XRP from falling rather than propelled it to new highs. .