XRP Fails to Rally Post Legal Victory, Trades at $2.39

Ripple's recent legal victory against the U.S. Securities and Exchange Commission (SEC) has not sparked a significant rally in the price of XRP. Despite the judge's ruling that XRP is not a security, the cryptocurrency has struggled to gain momentum. The price of XRP reached a high of $2.60 following the announcement but quickly faced resistance and entered a correction phase, currently trading around $2.39. This lack of a sustained rally can be attributed to several factors.

Firstly, the market had already anticipated a favorable outcome for Ripple, with the price of XRP increasing in the lead-up to the ruling. This preemptive buying likely reduced the potential for a post-victory surge. Additionally, the broader cryptocurrency market has been experiencing volatility, which may have overshadowed the impact of Ripple's legal win. Furthermore, the SEC's decision to drop its appeal, while a significant victory for Ripple, did not provide new information that could drive the price higher.

Ripple's CEO, Brad Garlinghouse, described the outcome as a resounding victory for the company and the crypto industry as a whole. He emphasized the need for the U.S. to take a leading role in the sector, highlighting the potential for cryptocurrencies to play a significant role in the country's strategic reserves. Garlinghouse also expressed his optimism about Bitcoin, stating that he bought the cryptocurrency in 2012 and continues to hold it, having used it for transactions but not selling it.

Despite the lack of a significant rally, Ripple has continued to expand its partnerships and collaborations. The company has recently partnered with Revolut and Zero Hash, aiming to compete with USDT and USDC. In addition, Ripple has donated $100,000 in XRP for California wildfire relief and anticipates Japanese banks adopting XRP Ledger by 2025 for cross-border payments.

In the decentralized finance (DeFi) space, Ripple is collaborating with Chainlink to integrate RLUSD into Ethereum-based platforms. Investor interest remains high, with whales purchasing 520 million tokens during a recent dip. However, the lack of a sustained rally in XRP's price following Ripple's legal victory suggests that the market may be waiting for further developments before committing to a significant price increase.

On the 12-hour chart, the asset remained just above the 50-day Moving Average [at $2.33], yet was still trading below the 200-day Moving Average [$2.52], a sign that a definitive bullish breakout hasn’t occurred. Trend channel indicators showed XRP attempting to bounce within a narrow ascending range. If the price fails to reclaim the $2.50 level soon, it may risk slipping back into the descending channel it struggled with throughout March.

According to data, the total number of addresses on the XRP Ledger has steadily climbed to 6.7 million. While this growth is positive, it’s not an explosive surge, hinting that while long-term interest is intact, there isn’t an overwhelming rush of new participants entering the ecosystem following the SEC news. This restrained on-chain growth reinforces the idea that while regulatory clarity is a long-term tailwind, the market is still digesting the implications.

For XRP to regain significant momentum, the price must break convincingly above $2.50 and establish support. Otherwise, the sideways movement may persist, especially as broader market sentiment remains cautious. On-chain metrics suggest XRP holders are adopting a wait-and-see approach. The rising address count provides a solid foundation, but short-term gains may be capped without a surge in active users or volume. Ultimately, Ripple’s legal clarity is a strong narrative, but translating that into price action and network activity will depend on sustained investor confidence. It will also depend on whether buyers view XRP as a long-term hedge or a short-term play.