Despite achieving legal clarity in its case against the SEC, XRP is experiencing significant struggles in the market. Following a favorable ruling that confirmed XRP’s non-security status for secondary sales, the token’s market performance remains poor, highlighted by a nearly 70% drop in active addresses and an 11% decline in prices over a week.
While the SEC’s decision to drop its appeal reflects a pivotal moment for the crypto industry, it has not translated into positive market momentum for XRP. On-chain data suggests a decline in user engagement and liquidity, leading to reduced speculative interest and increasing downside pressure.
Currently priced at $2.18, XRP is facing bearish conditions, with potential risks of further declines towards $2.00 if supportive trading does not materialize. Analysts note that without increased purchasing activity and renewed investor confidence, XRP may continue to struggle on the market.
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