Despite the legal setback in the SEC's case against #ريبل , $XRP
It has become a surprising winner on cryptocurrency social media. While Bitcoin and Ethereum saw a decline in sentiment alongside price, the positive-to-negative comment ratio for #XRP rose to 2.1:1 - the highest in over two weeks.
This increase came after U.S. Judge Torres's decision on June 26 to deny a joint request from Ripple and the Securities and Exchange Commission to expedite the final settlement process.
This legal push was supposed to move things towards a $50 million settlement and end the years-long dispute. But the court's decision not to proceed without clearer legal grounds returns the case to a state of ambiguity.
Judge Torres was very clear that the court would not 'overturn its previous ruling' simply because both parties now want to close the case - unless the legal standards are indeed met. This means that the proposed shortcut is blocked and appeals are ongoing.
But the $XRP community seems undeterred - rather excited. According to data from Santi,,ment, XRP social channels have the most positive messages compared to negative in over 17 days.
This emotional divide is quite noticeable as both #BTC and #ETH witnessed a drop in sentiment. It also seems to occur simultaneously with a slight increase in price, which may make the public more optimistic.
Whether this sentiment is justified or just retail traders feeling frustrated and hoping for the best, only time will tell. For now, it seems that traders $XRP are more focused on the idea that ongoing legal clarity is still a step towards validation, even if delayed. #RippleSECSettlement