XRP's Lawsuit Settlement: A Reality Check
The recent settlement of Ripple's lawsuit against the SEC led to a modest 20% price increase in XRP, far from the predicted "God Candle" spike to $10 or $100.
Why No Explosive Rally?
1. Result was already priced in: The market had time to digest and price the potential outcomes of the case, reducing the impact of the settlement.
2. Market cap reality check: A sudden jump to $6 or higher would require an unrealistic increase in market cap, especially in the current market environment.
The Road Ahead for XRP
1. Positive development: The lawsuit's resolution is a positive step for Ripple and the crypto market.
2. Gradual upward trend: XRP is positioned for a sustained, gradual increase.
3. Realistic expectations: A peak of around $4 is a more realistic target for XRP in the next market cycle.
