The first exchange of Bitrue Crypto sparked an excitement in the XRP community by suggesting that the room could go to a Morshot.
In a tweet Earlier in the day, Bitrue specifically questioned members of the cryptographic community about their desire to see XRP “go to the moon”. The position has gained ground, many expressing excitation as to the potential for the drop in XRP prices.
Why are discussions on XRP Moonshot right now?
In particular, the Bitrue Moon XRP index comes in the middle of major news which is currently going around the crypto circles. More specifically, the long -standing trial between the dry and the undulation has officially ended.
On Wednesday, March 19, the CEO of Ripple Brad Garlinghouse revealed that the SEC confirmed that it would abandon its appeal against the company. In August 2024, the case received a final judgment from judge Analisa Torres. It included a monetary sanction against undulation and an injunction.
However, a few months later, the SEC revealed that it appealed to decisions of decisions. This decision kept Ripple suspended until yesterday, when the new management of the agency decided to close the appeal, ending the trial.
The weight of the news had an impact on the price of XRP. The token quickly climbed approximately 15% to almost $ 2.60. In particular, he briefly ranked among the best winners of the day.
With the official end of the trial, many believe that XRP is moving towards the moon. For example, a few weeks ago, the founder of the Alpha Lions Academy, Edoardo Farina, argued that the XRP price could reach $ 10 following the announcement of the end of the Ripple trial.
Community members react to the XRP movement in the middle of major news
Meanwhile, the XRP price rally quickly lost momentum. At the time of the press, the coin medal had ended up at $ 2.45. However, he still has an impressive gain of 8% in the last 24 hours.
The members of the community reacting to the publication of Bitrue underlined this “disappointing” price performance. Some have thought about what prevented the XRP of a Moon Major, given one of its greatest obstacles – the case of ripple – was now finished.
“It was an important news, and nothing major came to the price”, “ said x user spidsesensense. Another said that everything was speeches and no action: “The case has ended, and XRP cannot even break $ 3.”
What is the next step for XRP?
Meanwhile, this discouraging XRP performance did not surprise much. Last week, analyst Dom suggested that XRP’s performance after the news of Ripple Settlement would disappoint a lot. According to him, it would be a big surprise if XRP saw a 20%increase, which, in fact, did not occur.
Dom stressed that the news had already been evaluated, with major rumors leading to the ultimate announcement. He noted that there was no element of surprise, which is generally necessary to trigger a major trend.
In his opinion, the factor that could propel XRP would be a major partnership undulation could announce following the resolution of the trial.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.
