In July of this year, the cryptocurrency world witnessed an electrifying moment as XRP (XRP), the digital token associated with Ripple, experienced an astonishing surge in price.
This meteoric rise was triggered by Ripple’s significant legal triumph over the United States Securities and Exchange Commission (SEC). During this exciting period, XRP soared above the $0.80 mark, a level not seen since April 2022.
However, the euphoria of that victory was short-lived, as XRP’s value swiftly nosedived, wiping out its gains and leaving investors pondering the future of this once-promising token.
“$XRP has retraced the entirety of the move that came after the SEC vs. Ripple case,” popular crypto trader Benjamin Cowen emphasized on September 12.
XRP retracing all of its SEC victory gains. Source: Benjamin Cowen
“Narratives do not drive the market, liquidity does,” Cowen added, referring to how XRP’s earlier surge proved to be unsustainable because it was not supported by a st
We współpracy z: https://finbold.com/xrp-price-prediction-as-token-retraces-all-sec-case-gains/
