{"id":134796,"date":"2024-08-03T08:30:55","date_gmt":"2024-08-03T05:30:55","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134796"},"modified":"2024-08-03T03:00:29","modified_gmt":"2024-08-03T00:00:29","slug":"xrp-may-not-surge-after-the-end-of-the-ripple-vs-sec-case","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/xrp-may-not-surge-after-the-end-of-the-ripple-vs-sec-case\/","title":{"rendered":"XRP May Not Surge After the End of the Ripple vs. SEC Case"},"content":{"rendered":"<p>Rachel Rene, a popular crypto specialist, claims that the upcoming ruling will not have a significant impact on the price of <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\"><strong>XRP<\/strong><\/a>, contrary to many investors\u2019 expectations.<\/p>\n<p>Renee explained that the ruling will detail how Ripple will be penalized for minor infractions, but is skeptical that this legal closure will catalyze a significant price increase<\/p>\n<p>She <a href=\"https:\/\/x.com\/rachelleskinner\/status\/1818661738360803603\" target=\"_blank\" rel=\"nofollow\"><strong>believes<\/strong><\/a> the key moment for the price spike was when Judge Torres provided regulatory clarity last July, which has not had a lasting effect. Renee also argues that institutional investors who needed confirmation of the legality of buying, holding and using XRP have now received that clarity.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/xrp-showed-strength-in-july-but-faces-uncertainty-in-august\/\" title=\"XRP Showed Strength in July But Faces Uncertainty in August\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/veteran-analyst-peter-brandt-scorns-xrps-bag-holder-compares-ripple-to-the-fed-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">XRP Showed Strength in July But Faces Uncertainty in August<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Crypto Specialist concludes that while there may be a marginal increase in the price of XRP after the resolution, it will not be the significant increase many are hoping for. She suggests that significant market movements for XRP are more likely to be the result of new developments demonstrating the utility and acceptance of the cryptocurrency by major players, such as banks and financial institutions.<\/p>\n<p>Contrary to Rene\u2019s view, Bas van Gestel of the XRP community <a href=\"https:\/\/x.com\/basgestel\/status\/1818663240110371092\" target=\"_blank\" rel=\"nofollow\"><strong>presents<\/strong><\/a> \u0430 more bullish perspective. He argues that the end of the Ripple-SEC lawsuit will catalyze a big spike in the price of XRP due to increased regulatory clarity, the attraction of more investors, institutional acceptance, and global partnerships<\/p>\n<p>However, Ren\u00e9 responded by questioning the timing of these events, noting that while they may have an impact, they have not yet materialized meaningfully since regulatory clarity was established over a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the ruling in the case between Ripple Labs and the US Securities and Exchange Commission (SEC) approaches, the crypto community is speculating on the potential impact on the price of XRP.<\/p>\n","protected":false},"author":3,"featured_media":38894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-134796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP May Not Surge After the End of the Ripple vs. SEC Case<\/title>\n<meta name=\"description\" content=\"As the ruling in the case between Ripple Labs and the US Securities and Exchange Commission (SEC) approaches, the crypto ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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