Despite the recent court ruling against the joint lawsuit filed by #ريبل with the U.S. Securities and Exchange Commission (#SEC ), the price of $XRP showed
Notable flexibility.
According to Moon Lambo, using the platform #XRP , the price action indicates that coin holders remain confident in its long-term prospects.
Slight impact on price after negative news
When the news spread on Thursday morning that U.S. District Judge Analisa Torres denied Ripple and the SEC's request to overturn a permanent injunction and reduce Ripple's penalty, the price of $XRP was slightly above $2.15. The market responded with light selling, gradually dropping to around $2.09. This was only a 2.7% decline.
Analyst Moon Lambo noted that the drop in XRP's price was steady and not surprising, showing no signs of panic selling or a "sharp decline."
According to his analysis, the retreat unfolded slowly between 8:15 AM and 11:50 AM Central Time, without any mass exodus of coin holders.
Price chart of $XRP from Moon Lambo
XRP price is recovering, "holders don't care"
In the three hours following the drop, the price of XRP rose to about $2.12, recovering a significant portion of its initial loss. According to Moon Lambo, this recovery indicates that nearly all XRP holders realize that the court's decision does not fundamentally affect the value or future of XRP.
It was concluded decisively that XRP investors simply no longer care about Ripple's legal developments.
Indeed, the restrained market reaction highlights growing maturity and conviction among XRP investors, who seem to view the legal case as mere noise, not a threat to the asset.
Strong confidence from coin holders
Prominent figures in the community, including Ripple's legal counsel, Stuart Alderoty, confirmed that the ongoing case no longer concerns the XRP token itself. Notably, the XRP case concluded in 2023 when Judge Torres ruled it was not a security. The SEC did not appeal this ruling.
The remaining issues now relate to Ripple's sales of XRP. While the SEC has agreed to withdraw its appeal, Ripple seeks to reduce the fine and lift the injunction before fully settling the case, a request denied by the judge.
In the meantime, XRP holders remain confident that the utility and adoption of the token will continue after the court sessions conclude. This is already starting to materialize, as company after company announces plans to issue XRP treasury bonds, with announced holdings reaching a billion dollars. Additionally, many prominent asset managers are seeking spot ETFs that will invest directly in XRP.
As of the time of publication, XRP is trading at $2.09, recording a daily loss of 4.5%, the worst among the top cryptocurrencies. This decline coincides with a broad market sell-off in the past twenty-four hours. Bitcoin's price dropped to $106,000 after trading near $108,000 the previous day. #Ripple #RippleSECSettlement