Krutika Adani
The price of XRP has slid a little below $0.5 casting doubts on its potential rally.
While crypto markets have rallied, XRP has continued to remain stuck at its $0.5 price level.
The institutional sales part of the case continues to drag XRP’s price as uncertainty looms. Additionally, the $2 billion fine on Ripple adds to the uncertainty.
In 2023, Ripple’s win against the SEC was only partial, as the court ruled that the retail programmatic sales of XRP were not securities.
As of June 2024, the institutional sales of XRP are being reviewed by the courts, and it may take several more months before any ruling is made.