A well-known XRP community member, Arthur, has urged members of the ecosystem to remain patient amid the token’s continuous decline over the past seven days.
XRP, currently trading at $2.11, has lost over 10% of its value during this period, including a 4% drop in the last 24 hours.
Arthur noted that market sentiment about the native token of Ripple’s XRP Ledger is declining rapidly due to a lack of significant updates, thus resulting in substantial selling pressure. However, they emphasized that it is crucial to be patient during this period because experienced investors understand that significant price changes usually occur after periods of low sentiment.
Arthur drew attention to the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC), which is close to reaching a conclusion. They noted that a favourable resolution in the case is most likely since crypto-related lawsuits have already been dismissed or suspended. Notably, Legal expert Fred Rispoli predicted that there could be significant progress on the case before April 16, 2025, the deadline for Ripple’s filing of their appellate brief during the ongoing case process.
The SEC sought to reverse a prior ruling that determined XRP is not a security when sold to retail investors in a filing submitted to the U.S. Court of Appeals in January 2025.
Arthur further stated that regulatory clarity would enhance XRP’s attractiveness. They emphasized that U.S. and global regulators are still formulating crypto frameworks, and once established, these guidelines will define XRP’s role in the digital asset ecosystem.
Arthur also pointed to the potential approval of exchange-traded funds (ETFs) for XRP, which could also significantly impact its value. The SEC has reportedly acknowledged multiple XRP ETF filings. Arthur claimed if approved, these could bring a surge of institutional demand for XRP, similar to the effects seen with Bitcoin ETFs.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
