SEC Drops Ripple Appeal, XRP Community Awaits Official News

The U.S. Securities and Exchange Commission (SEC) has recently agreed to drop its appeal against Ripple, marking a significant development in the long-standing legal battle. While the crypto community acknowledges this as a notable step, opinions remain divided because the SEC has not announced it officially. This uncertainty has led to a mix of optimism and caution among XRP holders, who are eagerly awaiting the official news that could potentially trigger a massive price rally.

A popular crypto influencer on X, XRPcryptowolf, recently posed a question to the community, asking if they believe XRP will flourish once the SEC officially announces the resolution of the case. The response from the community has been varied, with some members expressing confidence in a potential price surge, while others remain skeptical.

One commenter noted that the case is not fully resolved until the federal judge officially dismisses it, highlighting the legal complexities involved. This sentiment underscores the community's uncertainty, as the resolution of legal issues typically removes uncertainty, which can be beneficial for institutional adoption and investor confidence.

Zach Rector, a prominent crypto figure, predicted that many in the community will be priced out due to their unwillingness to act before the official announcements. This view is supported by the observation that major news events often result in a short-term price increase, followed by a sell-off. One user argued that the best approach is to accumulate when notable rumors or unofficial announcements come up and sell when confirmation comes and the asset’s price increases. This pattern has been observed in previous market cycles, where significant developments initially push prices higher but fail to sustain long-term gains without additional fundamental growth.

The XRP ecosystem has seen significant whale activity in recent weeks, suggesting that whales may be preparing for a selloff once the official news comes. This activity highlights the strategic behavior of large investors who often buy when the prices are low and dump tokens on retail investors when big news comes.

Another commenter pointed out that while XRP may see a temporary price increase, further developments are needed for sustained growth. He stated that ETFs, tokenization, and a supply shock will do significantly more for the digital asset’s price than the official announcement. The asset will require integration into financial systems, increased utility in payments and remittances, and broader institutional acceptance to achieve long-term growth.