‘SEC와의 소송’ 사실상 승리한 리플(XRP)… 왜 추락하는가?

Ripple’s actions are suspicious, as it effectively won its lawsuit against the SEC, even though it lost and was fined.

On the 8th, Ripple (XRP) saw a significant rise after a US court ruled that the sale of XRP to general investors did not violate securities laws.

Even on the 8th, when major coins such as Bitcoin were unable to avoid a bear market, it rose by nearly 20%, and it was thought that there would be no issues that could stop Ripple from moving forward.

But today, the 9th, the situation has completely changed.

While Bitcoin (BTC) recovered above $1,000 and showed a significant upward trend of nearly 10%, Ripple (XRP) recorded -5%, which made many Ripple supporters uneasy.

There are many analyses that suggest excessive investment was made following the news of Ripple’s lawsuit settlement. However, the basis for this analysis is that the court’s position was merely maintained and did not lead to a significant increase.

This means that it was expected to end with a fine.

Therefore, if we consider Ripple, which was unable to avoid today’s bear market and experienced a rapid rise and a slow adjustment on one day as if yesterday and today were reversed, the price fluctuations are virtually non-existent.

Considering that the lawsuit took four years, this is a very disappointing result for investors.

Is a Ripple spot ETF likely to be approved?

Regardless of the current price fluctuations, with the conclusion of a very large legal dispute, there is growing interest in whether Ripple (XRP) can also be approved as a spot ETF.

First of all, the court’s ruling clarified that Ripple itself is not a security, and indirectly recognized it as a stable coin, so there is more talk about it.

Ripple’s ETF application is virtually confirmed, and it is expected to become a new investment method.

Ultimately, the prevailing opinion is that the next runner after Bitcoin and Ethereum will be Ripple (XRP), not Solana (SOL), and expectations are growing even more as it currently has a 100% chance of passing the ETF.

One media outlet (Doctor Profit) predicted that Ripple could reach a price of close to $20 within a year solely due to investor expectations and the strength of the cryptocurrency market, regardless of whether Ripple’s spot ETF is approved.

However, if the current downtrend fails to be overcome and the price fails to rebound simultaneously with Bitcoin (BTC), this too may have to be postponed to the further future.

Therefore, it is no exaggeration to say that Ripple’s upward movement is determined by its fluctuations in August.

Ripple CTO… What did X say?

Ripple CTO David Schwartz responded negatively to a tweet asking whether a gold-pegged coin could be run in a decentralized manner.

He expressed a negative opinion, saying, “In order to maintain the fluctuation range of the coin value, more collateral in gold is needed, which means that actual gold needs to be stored in some kind of warehouse.”