Moon

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 While the pro-XRP lawyer didn’t anticipate XRP reaching a new all-time high after the ruling, he did expect the price to surpass the $1 resistance level. 
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<div class="cointelegraph"> 
 Despite a brief rally, the XRP (XRP) price did not reach anticipated levels after a recent favorable court ruling for the token. Among those with ambitious price targets for the cryptocurrency is pro-XRP lawyer John Deaton. 
 Deaton addressed a post from a user named Moon Lambo on X (formerly Twitter), who criticized complaints from certain investors about slow <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> gains in digital currencies year-to-date. Moon Lambo said XRP has grown by 85% this year, implying a positive overall trend. 
 Several weeks have passed since Judge Analisa Torres delivered the highly anticipated ruling that XRP is not considered a security&nbsp;in certain circumstances. This decision caused a significant surge in the price of the cryptocurrency within the broader Web3 ecosystem. 
 <blockquote class="twitter-tweet"> 
 It’s all about expectations. Unless we were in a full bull market - led by #Bitcoin - I never believed XRP would hit an ATH, even after a good ruling and I said that when asked about my expectations on price (although I did expect it to break $1 tbh). But until #Bitcoin breaks… https://t.co/alMOGfHne6— John E Deaton (@JohnEDeaton1) August 5, 2023 
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 In response, Deaton stated that some users’ disappointment stems from their expectations. While he didn’t anticipate XRP reaching a new all-time high after the ruling, he did expect the price to surpass the $1 resistance level. 
 However, neither of these scenarios unfolded despite the token experiencing a significant surge of over 70% following the ruling to hit $0.84. 
 XRP reached its all-time high of $3.84 over six years ago. While surpassing that <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> level may be overly ambitious, Deaton <a rel="noopener noreferrer nofollow" title="remains" href="https://thebittimes.com/tag/remains.html">remains</a> <a rel="noopener noreferrer nofollow" title="optimistic" href="https://thebittimes.com/tag/optimistic.html">optimistic</a> that getting $1 is possible. 
 Related: Ripple CEO slams SEC over the use of XRP report in lawsuit 
 However, the lawyer said it is linked to the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Bitcoin (BTC). Although not a market analyst, Deaton expressed his belief that unless BTC retests its all-time high, significant bullish momentum in the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of XRP is unlikely to be seen. 
 XRP trades for $0.6283 at the time of writing. 
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XRP price disappoints after court ruling, Deaton remains optimistic

TheBitTimes

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