XRP Struggles to Rally Despite SEC Settlement

Despite the resolution of the SEC-Ripple lawsuit, XRP continues to struggle with its price performance.

Although Ripple reached a court settlement involving a $125 million penalty for the improper sale of XRP tokens—less than the $2 billion the SEC initially sought—the anticipated price surge has not materialized.

A recent social media post by commentator “Max Prime” has labeled XRP as one of the biggest scams in cryptocurrency.

Max Prime criticized XRP for failing to sustain a price rally following the settlement. Despite a brief 26% increase in XRP’s value shortly after the lawsuit’s resolution, the price has since declined and remains below $0.60, leading to discontent among XRP supporters.

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While Max Prime’s comments reflect frustration over XRP’s stagnant price, many in the XRP community remain optimistic.

They argue that current market conditions, which feature widespread price corrections and a period of consolidation across cryptocurrencies, are affecting XRP’s performance.

The broader crypto market’s trend suggests that labeling XRP as a scam may be premature, as it could still see growth when the market recovers.

Alexander Stefanov