- The Ripple vs. SEC lawsuit’s conclusion has led to a sharp drop in XRP’s global search interest, raising questions about whether regulatory scrutiny was keeping it in the spotlight.
- With the SEC yet to release an official statement, investors are left wondering if this is the end of XRP’s hype or just a temporary lull.
The Ripple vs. SEC legal battle has finally concluded, marking the end of one of the most high-profile crypto lawsuits in recent years. However, one key detail remains unresolved—the SEC has yet to release an official statement. Attorney Fred Rispoli suggests that Ripple should receive an update within 60 days, following the regulatory body’s standard procedure.
Also read: Mastercard’s Big Crypto Bet: Building the Venmo of Blockchain
But while investors expected this conclusion to trigger a massive price surge for XRP, reality tells a different story. Many traders had high hopes of XRP hitting $10, drawing parallels to past events that influenced the crypto market, like Donald Trump’s election. Yet, instead of an explosive rally, XRP’s global search interest has taken a dramatic dive.
According to Google Trends, XRP’s search interest has dropped to a low of 16, a stark contrast to its peak of 100 in January when Ripple faced an appeal deadline. Interestingly, during that period, XRP also saw a 5% price rally. This begs the question—was the SEC inadvertently keeping XRP in the spotlight all along?
The ongoing media coverage, heated social media debates, and mentions from SEC Chair Gary Gensler all contributed to XRP’s sustained relevance. Now that the lawsuit is over, it appears that public interest is fading, leaving XRP in an uncertain position.
Could the SEC’s silence mark the end of XRP’s hype, or is this just a temporary lull before the next big move? With the market now left to its own devices, the coming weeks will be crucial in determining whether XRP can maintain its relevance in the post-lawsuit era.