A recent ruling by Judge Torres regarding the Ripple vs SEC case has extended the timeline for resolution, yet the cryptocurrency community maintains optimism about XRP.
Ripple Case Situation
Judge Torres denied the joint motion for an indicative ruling from both parties, further prolonging the Ripple and SEC dispute.
Market Sentiment Towards XRP
Despite the legal challenges, optimism regarding XRP has reached a 17-day high, as indicated by Santiment data. Social media sentiment is witnessing an increase in positive commentary.
Comparison with Bitcoin and Ethereum
Both Bitcoin and Ethereum show more stable price action, with BTC recently reclaiming the $100,000 mark, while XRP continues to stagnate below $2.1.
The growing optimism around XRP highlights interest in the cryptocurrency even amid regulatory challenges. Social media dynamics indicate a rising enthusiasm for XRP during this market uncertainty.
