As of yesterday, Ripple Labs Inc.'s CEO, Brad Garlinghouse, announced that SEC intends to charge $2 billion in fines and penalties against the company regarding allegations related to trading of XRP.
More details will be publicly released over the next month.
It seems like XRP is doomed to fail, or majorly underperform compared to other altcoins this cycle. The legal pressure on the token, alongside slow ecosystem developments and up-side for reward/return is low.
It has stayed among the Top 10 highest mcap list for years, and I don't exactly foresee it leaving the list, but realistically, it does not have much legs to run anymore.
AI, RWA and GameFi coins are likely to outperform in narratives for 2024. I would not be buying XRP.
