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<ul class="news-points"> 
 <li><strong>John Deaton asserts Bitcoin is the main driver of the crypto market.</strong></li> 
 <li><strong>PayPal’s Ethereum-linked stablecoin launch fails to significantly impact ETH price.</strong></li> 
 <li><strong>XRP community echoes Deaton’s assertion of Bitcoin’s paramount influence on broader crypto trends.</strong></li> 
</ul> 
<p>John Deaton, a prominent lawyer known for supporting XRP, took to Twitter to express an opposing view about the influence of altcoins like XRP amid significant developments that failed to propel prices.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">If I had told you <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> would get regulatory clarity but not hit $1, many wouldn’t have believed it. Likewise, if I had told you PayPal would issue a stable coin on Ethereum but <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETH</a> wouldn’t increase at all, many wouldn’t have believed it. Like it or not, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> drives this…</p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1688873607605170176?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 8, 2023</a> 
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<p>Deaton highlighted that XRP enthusiasts would have challenged his sentiment if he had proclaimed that XRP would not cross $1 immediately <a href="https://coinedition.com/legal-experts-doubt-ripple-victorys-legitimacy-sparking-fresh-debate/" rel="noopener noreferrer nofollow">after defeating</a> the U.S. Securities and Exchange Commission (SEC). He said:</p> 
<blockquote class="wp-block-quote"> 
 <p>If I had told you XRP would get regulatory clarity but not hit $1, many wouldn’t have believed it.</p> 
</blockquote> 
<p>This observation highlights the intriguing juxtaposition betwee…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/xrp-price-still-below-1-after-sec-ruling-whats-holding-it-back/">XRP Price Still Below $1 After SEC Ruling: What’s Holding It Back?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

XRP Price Still Below $1 After SEC Ruling: What’s Holding It Back?

Coin Edition

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