The highly anticipated Ripple vs. SEC lawsuit has concluded, but the SEC's official statement is still pending. How will this impact XRP's value?
The Outcome of the Legal Battle
The Ripple vs. SEC lawsuit has officially wrapped up. However, the SEC has yet to issue an official statement. In past cases like Kraken and Cumberland, the SEC provided official comments. Ripple is now expected to receive an update from the SEC within 60 days.
Impact on XRP's Price
Investors were hopeful for a significant rally in XRP's price following the lawsuit's conclusion, with some anticipating an increase to $10. Given XRP's price reactions to political events like Trump's election win, many speculated that the lawsuit's conclusion could serve as a strong catalyst.
XRP Interest in Google Trends
XRP's search interest among Google users has dropped to a low of 16. In January, XRP's interest level peaked at 100, coinciding with Ripple's appeal deadline. During that time, XRP saw a 5% price rally. Public attention to the lawsuit may have kept XRP interest alive.
The lawsuit's conclusion may impact XRP's social sentiment. Only time and the awaited SEC statement will reveal the cryptocurrency's future prospects.
