XRP Faces Criticism After SEC Settlement as Price Remains Stagnant

Criticism from the Crypto Community
1. XRP Community Remains Hopeful

Ripple’s recent court settlement with the SEC, which included a $125 million penalty for the improper sale of XRP tokens, has left many in the cryptocurrency community disappointed. Despite resolving the lawsuit with a fine significantly smaller than the SEC's original $2 billion demand, XRP’s price has failed to experience the anticipated surge.

Criticism from the Crypto Community

In a tweet by a user known as "Max Prime," XRP was labeled as "the biggest scam in crypto" due to the lack of price movement following the lawsuit's conclusion. The comment reflects growing frustration among some investors who expected XRP’s value to "moon" after the legal victory.

XRP Community Remains Hopeful

Despite the criticism, many XRP supporters remain optimistic. They argue that the current market conditions—marked by widespread corrections and consolidation across the crypto sector—are influencing XRP's lackluster performance.

Supporters believe that once the broader market recovers, XRP could still see significant growth. They caution against dismissing XRP too soon, noting that its future potential may become evident as market conditions improve.

The broader market trend suggests that while XRP's price has not yet responded as many had hoped, the cryptocurrency may still have room to grow in the coming months.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

XRP Faces Criticism After SEC Settlement

Sujit Kumar

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.