Recently, crypto analyst Dark Defender shared insights on XRP/BTC, noting a crucial point for the digital asset, with dominance potentially increasing from November.

Analyst's Prediction

Dark Defender highlighted XRP/BTC's pivotal stage, where historical patterns show potential for significant market movements. Both 2017 and 2021 were crucial years for XRP. The analyst suggests that XRP's dominance could start rising in November, based on the cryptocurrency's technical charts.

Community Responses: Skepticism and Concerns

The community had mixed reactions. One user expressed frustration with changing market expectations. Another attributed XRP's price action suppression to US regulatory factors, stating, 'SEC does not allow XRP to grow. The reason is that most people in the US have significant wallets of XRP, they want people to get bored and sell their tokens.'

Ripple vs. SEC Case and Its Impact

The community's concerns about the SEC's actions are notable. The SEC's lawsuit against Ripple, initiated in December 2020, claims XRP sales were unregistered securities offerings. While Ripple achieved a partial victory in July 2023, with a court ruling that XRP is not a security on secondary markets, the SEC's ongoing appeal adds uncertainty, potentially impacting the token's price.

In conclusion, Dark Defender's forecasts and legal aspects continue to influence XRP's future discussions. Regulatory impact and market expectations remain significant factors for all stakeholders.