Crypto Blog
: Ripple’s XRP faced price suppression due to a lawsuit from the SEC. Many exchanges delisted XRP because of this legal battle.: While a win against the SEC may boost XRP’s price, future regulatory challenges could affect its trajectory.
While Ripple’s XRP also increased, it couldn’t even tap its previous all-time high – something that a lot of other altcoins did easily. This had an immediate impact on the price, which was more than expected, given that almost all major cryptocurrency exchanges delisted it under fear of regulatory scrutiny.This year has turned out to be pivotal for Ripple in its case against the Commission.
While winning the case can undoubtedly increase XRP’s price on positive sentiment alone, other factors that are important include, but are not limited to:Even if Ripple wins its case against the SEC, there could be other regulatory challenges in the future, both in the US and internationally.
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