{"id":19681,"date":"2025-03-29T12:01:51","date_gmt":"2025-03-29T12:01:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19681"},"modified":"2025-03-29T12:01:51","modified_gmt":"2025-03-29T12:01:51","slug":"xrp-plummets-20-after-ripples-lawsuit-closure-against-sec-whats-next","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19681","title":{"rendered":"XRP Plummets 20% After Ripple\u2019s Lawsuit Closure Against SEC, What\u2019s Next?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Was it a classic \u2018sell-the-news\u2019 event? It seems so, as XRP\u2019s price has tumbled hard since Brad Garlinghouse\u2019s triumphant announcement last week.<\/li>\n<li>Is the hype over, or can something bring back Ripple\u2019s cross-border token?<\/li>\n<\/ul>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-3.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-384397\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-3.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-3.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-3-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-3-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-3-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-3-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/p>\n<h2>Lawsuit Closure<\/h2>\n<p>It all <a href=\"https:\/\/cryptopotato.com\/sec-charges-ripple-with-1-3-billion-unregistered-security-offering\/\" data-wpel-link=\"internal\">started<\/a> over four years ago, in December 2020, when the US SEC went after Ripple for selling unregistered securities (XRP) for $1.3 billion. The hit against Ripple was immediate as exchanges delisted the token, while former partners <a href=\"https:\/\/cryptopotato.com\/ripple-and-moneygram-part-ways-amid-sec-litigation-while-xrp-eyes-0-50\/\" data-wpel-link=\"internal\">went away<\/a>.<\/p>\n<p>The following four years were filled with twists and turns, but the company was actually in the lead, at least according to several court rulings that went its way. Moreover, its top two execs were exonerated. The SEC notched a minor win when Judge Torrest ruled that Ripple has to pay $125 million in penalties, but that was far off the $2 billion the agency asked for, which is why it appealed in 2024.<\/p>\n<p>However, that appeal was dropped last week when the company\u2019s CEO, Brad Garlinghouse, <a href=\"https:\/\/cryptopotato.com\/breaking-ripple-news-sec-will-drop-appeal-xrp-price-reacts\/\" data-wpel-link=\"internal\">announced<\/a> on X that the case had essentially ended with the Commission\u2019s decision. Ripple\u2019s CLO <a href=\"https:\/\/cryptopotato.com\/is-the-ripple-vs-sec-lawsuit-indeed-over-after-this-development\/\" data-wpel-link=\"internal\">confirmed<\/a> that the firm has dropped its own appeal, which marked the end of the lawsuit. Oh, and the company still needs to make a payment to the SEC, but it\u2019s not $2 billion, not even $125 million \u2013 only $50 million.<\/p>\n<p>Although the lawsuit\u2019s conclusion is not a landslide victory for Ripple, it sure seems as if the company emerged as the moral winner. So, you would expect a massive surge for XRP, right?<\/p>\n<h2>No Surge, Just Correction<\/h2>\n<p>As with all major announcements, XRP reacted well to Garlinghouse\u2019s statement last week and went from $2.3 to $2.6 within minutes. While many <a href=\"https:\/\/cryptopotato.com\/xrp-unleashed-heres-how-high-it-could-fly-after-ripples-sec-victory-chatgpt-insight\/\" data-wpel-link=\"internal\">anticipated<\/a> this to be the start of a major rally, the reality is entirely different.<\/p>\n<p>XRP lost almost all gains within a day or two and was stuck below $2.5 for a while. However, the market-wide retracement hit the asset hard. As of press time, XRP is down to $2.05, which means that it has lost over 20% of the peak from last week.<\/p>\n<p>Its battle with USDT for the third spot in terms of market cap seems lost, as there\u2019s a $25 billion gap between the two now. Moreover, a popular analyst <a href=\"https:\/\/cryptopotato.com\/critical-warning-for-ripple-investors-is-xrp-poised-to-drop-50\/\" data-wpel-link=\"internal\">warned<\/a> recently that XRP could plunge toward $1.2 if the $2 support is broken to the downside, which is now being tested.<\/p>\n<p>All in all, the signs point that this was a classic \u2018<a href=\"https:\/\/cryptopotato.com\/unpopular-opinion-is-it-actually-time-to-short-ripple-xrp\/\" data-wpel-link=\"internal\">sell-the-news<\/a>\u2018 event for XRP\u2019s price even though Ripple is <a href=\"https:\/\/cryptopotato.com\/ripple-is-winning-big-so-wheres-the-xrp-price-moonshot\/\" data-wpel-link=\"internal\">winning<\/a> on multiple fronts.<\/p>\n<p>Nevertheless,\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">certain factors could still reverse the asset\u2019s price trajectory in the following months, such as the potential to have\u00a0<a href=\"https:\/\/cryptopotato.com\/ripple-xrp-news-today-march-28th\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">its own ETF<\/a> in the States or Ripple going public. Or, perhaps, those could have already been priced in,<\/span>\u00a0and there\u2019s more pain ahead.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/xrp-plummets-20-after-ripples-lawsuit-closure-against-sec-whats-next\/\" rel=\"nofollow\">XRP Plummets 20% After Ripple\u2019s Lawsuit Closure Against SEC, What\u2019s Next?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Was it a classic \u2018sell-the-news\u2019 event? It seems so, as XRP\u2019s price has tumbled hard since Brad Garlinghouse\u2019s triumphant announcement last week. Is the hype over, or can something bring back Ripple\u2019s cross-border token? Lawsuit Closure It all started over four years ago, in December 2020, when the US SEC went after Ripple for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19681","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19681"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19681\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}