The recent withdrawal of the SEC's appeal against Ripple has caught the attention of the crypto community. While seen as a major step, a final resolution is not yet in sight.
Crypto Community's Opinions
Some community members highlight that despite the appeal's withdrawal, the case is not fully resolved until an official federal court ruling. This underscores the persistent uncertainty affecting institutional adoption and investor confidence.
Role of Whales and Investors
Many in the crypto community believe that major news often triggers a short-term price rise followed by asset sell-offs. Recent whale activity suggests preparation for an eventual price surge.
Long-Term Growth and Necessary Factors
XRP will require further developments for sustainable growth. Integration into financial systems, broader acceptance, and increased utility in payments and remittances are crucial for long-term success.
The SEC's withdrawal of its appeal against Ripple is a significant step, but further efforts in financial system integration and utility increase are necessary for sustainable success.
