Ripplev. The Sec case approaches a conclusion

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Ripplev. The SEC case has long been welcomed as a catalyst to drive XRP to new heights.

Unfortunately for the Bulls, that’s not exactly how they pan out so far. Ripple Labs CEO Brad Garlinghouse announced the end of the case on the X-Post March 19th.

“This is the moment we’ve been waiting for. The SEC loses its appeal. It’s an overwhelming victory in ripple, cryptography, all views.”

However, the Securities and Exchange Commission (SEC) did not comment on the issue in weeks since its announcement. 48 hours after Garlinghouse’s announcement, XRP lost $11 billion in market capitalization.

Furthermore, macro instability due to President Trump’s tariff policies led to divestment in the broader cryptocurrency market, further increasing the losses.

On April 10, the SEC and Ripple jointly submitted an appeal against Ripple’s first victory being held at Abeyance.

However, Ripplev. The SEC case could soon be officially over, but some in the XRP community are wary of excessive optimism.

Ripplev. A victory in the Sec case may not be enough to fire a bull run

For each Crypto influencer, the impact of legal victory may already be priced All things xrpshared this sentiment on the X Post on April 13th.

“If you think XRP will go to the moon the moment the SEC case officially ends… you’re already behind. It’s priced. Will the real move come later?

There is obvious credibility in what the XRP influencers said. XRP still has a long way to go to $2.55, which is the high seen shortly after the comments of the CEO of Ripple Labs.

However, some bullish catalysts are currently in operation. Cryptocurrency exchange supply reached a month’s low with a move that would reduce sales pressure.

Famous chart expert Ali Martinez recently pointed out the pattern of the ascending triangle. If his technical analysis holds water, a critical move above $2.22 could surge to $2.40. In a slightly longer term view, pseudonym researchers RizeSenpai Use Fibonacci Retracement to set a price target of $30.

That being said, readers should remember that overall market dynamics are likely to continue to dominate the course of price action in the short term.

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