Though hardly spared by the most recent cryptocurrency market downturn, XRP has remained stronger than most other prominent cryptocurrencies.
While both Bitcoin (BTC) and Ethereum (ETH) have collapsed to lows not seen since Donald Trump’s re-election, XRP remains 325% above its November 1 prices despite falling to $2.16.
XRP one-week price chart. Source: Finbold
Such relative calm can, most likely, be attributed to an external factor that has been bearing heavily on the token’s performance across multiple years: the legal battle between the SEC and Ripple Labs.
Is the SEC pivotal for XRP’s next move?
This week, the Commission sent a veritable deluge of notices to numerous cryptocurrency companies indicating it is either dropping the existing charges against them or not moving forward with enforcement following lengthy probes.
While major firms and platforms like Coinbase and OpenSea have been graced with such decisions, Ripple has been notable for its absence.
Indeed
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