XRP’s Early Pullback After Lawsuit’s End Leaves Users Disappointed
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- XRP loses 17% in four days despite “positive” news.
- Brad Garlinghouse announced that the lawsuit between the SEC and Ripple has ended.
- XRP’s latest price decline disappointed retail investors.
The price of XRP, the cryptocurrency created by Ripple Labs, has declined over the past few days, contrary to many users’ expectations. The cryptocurrency’s price tumbled, losing 17% of its value since last Wednesday after Ripple’s CEO Brad Garlinghouse announced that the case between the SEC and the FinTech firm has ended.
Many crypto analysts consider the recent XRP trend disappointing, considering expectations that ending the case would promote bullish sentiments toward the altcoin and trigger an influx of buyers into its ecosystem. Instead, the digital asset has experienced a significant sell-off, dropping its price from $2.48 to $2.06 in less than four days.
Related Article: Ripple SEC Settlement May Arrive by April, Says Lawyer
Garlinghouse posted a video on X last Wednesday, telling the crypto community that the legal battle between Ripple and the SEC has ended. According to the Ripple CEO, the four-year-long case was doomed even before it…
The post XRP’s Early Pullback After Lawsuit’s End Leaves Users Disappointed appeared first on Coin Edition.
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