Ripple's legal saga with the SEC has finally ended, as the agency drops its case against the blockchain developer. Ripple CEO Brad Garlinghouse announced the news on March 19, marking the end of a four-year battle over a $1.3-billion unregistered securities offering.
However, market experts suggest the outcome was already anticipated, with prices reflecting this expectation. Despite an 11% rally post-announcement, XRP struggled to maintain momentum, dropping over 6%. Analysts attribute this to pre-existing market sentiment and expectations.
Looking ahead, technical patterns hint at a possible 75% rally, but caution remains as market conditions evolve.
However, market experts suggest the outcome was already anticipated, with prices reflecting this expectation. Despite an 11% rally post-announcement, XRP struggled to maintain momentum, dropping over 6%. Analysts attribute this to pre-existing market sentiment and expectations.
Looking ahead, technical patterns hint at a possible 75% rally, but caution remains as market conditions evolve.