$XRP Why XRP not pumping as much expected ??

Despite the SEC lawsuit against Ripple Labs settling on May 8, 2025, with a reduced $50 million fine, XRP has not experienced the expected price surge, trading around $2.31-$2.47 as of mid-May 2025. Here are the key reasons why XRP isn’t "pumping" post-settlement, based on available information and market dynamics:

Market Already Priced in the Settlement:

Unlike the July 2023 ruling that XRP is not a security (which caused a 100% price surge in hours), the 2025 settlement was widely anticipated. Analysts like Dom noted that the market had "high confidence" in a resolution due to prior leaks and SEC policy shifts under new leadership. This lack of surprise diminished the potential for a dramatic price spike.

Focus on Ripple, Not XRP:

The settlement primarily addressed Ripple’s institutional sales violations, not XRP’s legal status, which was clarified in 2023. The spotlight on Ripple as a company, rather than XRP’s utility or adoption, may have muted investor enthusiasm. The settlement’s $50 million fine and lifted injunction are positive but less impactful than a fundamental change in XRP’s regulatory status.

Heavy Sell Pressure and Market Dynamics:

X posts indicate significant net market selling of XRP ($170M–$210M over seven days in early May 2025), yet the price rose modestly (11%–20%). This suggests large players (whales or market makers) are absorbing sell orders, maintaining price stability rather than fueling a retail-driven pump. Low trading volume compared to Bitcoin and Ethereum also indicates shallower liquidity, making XRP less prone to explosive moves.

Broader Market Sentiment and Macro Factors:

The broader crypto market is experiencing mixed sentiment, with Bitcoin dipping to ~$103,000 and concerns about trade tensions or Federal Reserve policies. XRP’s price is influenced by these macro risks, which can suppress bullish momentum. Investors may be cautious, awaiting clearer signals like XRP ETF approvals or inclusion in a U.S. crypto reserve.