XRP finished the third quarter looking pretty lost, hovering around $2.84 without much excitement from traders. The coin has been trapped in a boring range between $2.70 and $2.95 for what feels like forever, and nobody seems sure which way it wants to break.
You’d think Ripple’s huge legal win against the SEC would have sent this thing to the moon by now, but apparently the market doesn’t care as much as everyone expected. That court victory in August was supposed to be the catalyst that changed everything for XRP, yet here we are with basically flat performance.
The legal stuff was actually pretty crazy when you think about it. Tens of thousands of regular XRP users actually wrote statements to the court explaining how they use the token in real life. It was like a grassroots movement that helped convince the judge that XRP isn’t just some speculative investment security.
Judge Torres ended up agreeing with Ripple, and both sides decided to stop fighting and move on. That gave XRP the regulatory green light it had been waiting years for, and sure enough, the price jumped 72% almost immediately.
But that rally fizzled out faster than anyone expected. Now XRP feels like it’s in this weird spot where all the good news is already baked into the price, but there’s nothing new to get excited about.
Conclusion
XRP remains trapped near $2.84 with limited momentum despite winning its SEC battle, as traders await fresh catalysts to break key resistance levels.
Also Read: Ripple Partners With Chainlink
