title: XRP Price Drops 12% Despite Ripple Labs' Legal Victory Over SEC

The price of XRP, the cryptocurrency developed by Ripple Labs, has taken an unexpected downturn in recent days

The price of XRP has dropped by 12% since last Sunday, falling from $2.5 to $2.13 in less than four days.

The cryptocurrency, developed by Ripple Labs, has taken an unexpected downturn in recent days, contrary to the bullish expectations following the announcement of the end of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC).

Many crypto analysts and retail traders had anticipated that the conclusion of the four-year-long legal case between Ripple and the SEC would act as a catalyst for a price surge, attracting new buyers into the XRP ecosystem.

However, instead of seeing an increase in price, the market saw a significant sell-off, with XRP’s price dipping lower than expected.

The cryptocurrency has fallen by 11.7% since last Sunday, opening on Sunday at $2.5 and currently trading at $2.13, marking a 12-percent decrease.

Despite Ripple’s persistence in maintaining its innocence regarding the SEC’s allegations, the long-running litigation had affected XRP’s performance in the market.

While Bitcoin and Ethereum surged in value amid growing crypto adoption, XRP’s price struggled to gain momentum, despite the anticipation among traders that the lawsuit’s resolution would provide a bullish push.

The outcome of the Ripple-SEC case was expected by many to be a major turning point, potentially fueling optimism and triggering a buying wave for the token.

However, with XRP facing pressure in the market, the legal resolution has failed to achieve the anticipated outcome, leaving some to question whether the token can regain momentum moving forward.output: The price of XRP, the cryptocurrency developed by Ripple Labs, has taken an unexpected downturn in recent days, contrary to the bullish expectations following the announcement of the end of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC).

Many crypto analysts and retail traders had anticipated that the conclusion of the four-year-long legal case between Ripple and the SEC would act as a catalyst for a price surge, attracting new buyers into the XRP ecosystem.

However, instead of seeing an increase in price, the market saw a significant sell-off, with XRP’s price dipping lower than expected.

The cryptocurrency has fallen by 11.7% since last Sunday. It opened on Sunday at $2.5 and is currently trading at $2.13, marking a 12-percent decrease.

Many traders on cryptocurrency exchanges had set their price targets for XRP at around $3, aiming for a triple top to be completed at the $2.90 resistance level.

However, despite the anticipation, the market failed to respond as expected.

While Bitcoin and Ethereum surged in value amid growing crypto adoption, XRP’s price struggled to gain momentum, despite the anticipation among traders that the lawsuit’s news would provide a bullish push.

The outcome of the Ripple-SEC case was expected by many to be a major turning point, potentially fueling optimism and triggering a buying wave for the token.

However, with XRP facing pressure in the market, the legal resolution has failed to achieve the anticipated outcome, leaving some to question whether the token can regain momentum moving forward.