<p>The recent legal victory of Ripple Labs against the Securities and Exchange Commission (SEC) did not have the expected effect on the price of XRP. Despite this favorable decision, the crypto remains in difficulty in the market.</p>
<h2 id="h-a-pyrrhic-victory-for-ripple">A Pyrrhic victory for Ripple</h2>
<p>On June 13, a California court sided with <a href="https://www.cointribune.com/en/crypto-ripple-partners-with-ten-governments-to-develop-cbdcs/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a> in its dispute with the SEC. The judge ruled that the company had not violated securities laws, thus dismissing the main allegations of the regulatory authority. This decision follows a long <a href="https://www.cointribune.com/en/sec-vs-ripple-the-strong-offensive-of-the-crypto-regulator/" target="_blank" rel="noopener noreferrer nofollow">legal battle</a> started in 2020.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>However, this victory is only partial. A minor allegation will be the subject of a <a href="https://coinedition.com/xrp-struggles-despite-ripples-legal-win-over-sec/" target="_blank" rel="noopener noreferrer nofollow">subsequent trial</a>. In addition, the two parties still disagree on the amount of a potential fine. The SEC is now demanding $102.6 million, far from the $2 billion initially requested. Ripple, on the other hand, offers a maximum of $10 million.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-a-stagnant-xrp-price-despite-everything">A stagnant XRP price despite everything</h2>
<p>Contrary to expectations, this favorable decision did not trigger a significant increase in XRP. On the contrary, the <a href="https://www.cointribune.com/en/ripple-floods-the-crypto-market-with-millions-of-tokens-is-xrp-in-peril/" target="_blank" rel="noopener noreferrer nofollow">crypto shows a decline</a> of 3.55% over the past 24 hours, trading around $0.47. Even more worryingly, XRP remains far from its all-time high of $3.8 reached in 2018, down nearly 88%.</p>
<p>This disappointing performance follows a broader context of stagnation. Since the beginning of June, XRP has lost 4.52% of its value, underperforming compared to other major cryptos. These figures illustrate the difficulty of XRP in capitalizing on positive developments, particularly regulatory ones.</p>
<p>XRP’s trajectory once again demonstrates the unpredictability of the <a href="https://www.cointribune.com/en/bitcoin-drops-to-62500-liquidating-60000-traders/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a>. Even seemingly positive news does not guarantee a renewed interest from investors. In a constantly evolving sector, XRP will likely need to find new catalysts to regain its former attractiveness.</p>

Crypto: XRP Falls Despite Ripple’s Triumph Over the SEC

Table of Contents

Cointribune EN

دیگر آرٹیکلز 24 جون، 2024 پر پبلش کیے گئے ہیں

Is Ethereum (ETH) In A Danger Of Crashing? Expert Believes New AI DeFi Platform Poses Better Shor...

Phishing Scam Costs MakerDAO Delegate $11m In Crypto Assets

Discover FatBoy: The Next Evolution of Virtual Friends

Mummy Tate Memecoin Will Surge Another 11,000% After Hitting $148,000 Market Cap, Looks to Challe...

XRP Price Analysis: Will Ripple Price Reverse Soon?

Liquidswap Integrates with MetaCRM to Enhance User Support

Join our free newsletter for daily crypto updates!