Despite the resolution of the SEC lawsuit, XRP is struggling to gain momentum, leaving the crypto community questioning the reasons behind its stagnant performance. A prominent crypto analyst argues that the lawsuit excuse no longer holds weight.
With the closure of the litigation between Ripple and the SEC (Securities and Exchange Commission), many expected a significant rebound in XRP ‘s market performance. However, obtaining the much-discussed “legal certainty”, often cited as a barrier to the digital asset’s development, has not produced the anticipated effect.
Bill Morgan, an Australian lawyer specializing in cryptocurrencies and an influential figure within the XRP community, stated in a recent tweet that arguments related to the lawsuit no longer hold. “XRP’s price stagnation can no longer be attributed to the SEC-Ripple case. The market is waiting for something else,” he emphasizes.
Several recent events presented strong bullish catalysts for XRP: the launch of the first-ever spot ETF based on XRP in the United States, the expansion of the partnership between Ripple and Spanish bank BBVA, and significant institutional adoption in the cross-border payments corridor.
Despite this, XRP’s price experienced a flash crash down to $2.69 this morning. On forums and specialized crypto social networks, token holders express their disappointment with this inertia, which they consider inexplicable given the major advances achieved.
The realization that the lawsuit was not an insurmountable barrier might force the Ripple community to reconsider its strategy. Historically relying on a defensive narrative centered on regulation, the project must now convince through the intrinsic performance of the asset and the efficiency of its infrastructure (RippleNet, ODL, XRP Ledger).
The stagnation of XRP’s price, now freed from the weight of its dispute with the SEC, necessitates a recalibration of expectations. It’s no longer regulation that’s holding it back, but the asset’s current inability to create organic momentum.
With fundamentals still solid, XRP remains a strategic asset for blockchain payment infrastructures. Nevertheless, until it initiates autonomous momentum driven by innovation, market confidence will remain mixed.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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