- XRP’s legal clarity as a non-security has yet to translate to price growth, contrasting Ethereum’s performance.
- Ripple’s CEO hints at XRP potentially surpassing Ethereum again if regulatory dynamics shift favorably.
- Garlinghouse advocates for XRP ETFs, predicting their inevitable approval, citing investor demand for diversified exposure.
Bill Morgan, a digital asset enthusiast, highlighted a crucial aspect of XRP’s legal journey. He noted that XRP, unlike many other cryptocurrencies, obtained a court ruling declaring the token as not a security. Despite this positive legal development, XRP’s price remains relatively stagnant, hovering just above its value 11 months earlier..
That may be so, but then XRP obtained something superior to the speech of a senior SEC official. It obtained an order of the court that the token itself is not a security. 11 months later and the XRP price is barely above what it was before that judgement even though the whole… https://t.co/XuDcUJVs6q— bill morgan (@Belisarius2020) June 5, 2024
This stagnation persists even as the broader crypto market has shown considerable growth. Morgan’s commentary highlights the complex…
The post Analyst’s Insight on How Court Ruling Failed to Propel XRP Price appeared first on Coin Edition.