Despite the resolution of the SEC-Ripple lawsuit, XRP continues to struggle with its price performance.
Although Ripple reached a court settlement involving a $125 million penalty for the improper sale of XRP tokens—less than the $2 billion the SEC initially sought—the anticipated price surge has not materialized.
A recent social media post by commentator “Max Prime” has labeled XRP as one of the biggest scams in cryptocurrency.
Max Prime criticized XRP for failing to sustain a price rally following the settlement. Despite a brief 26% increase in XRP’s value shortly after the lawsuit’s resolution, the price has since declined and remains below $0.60, leading to discontent among XRP supporters.
While Max Prime’s comments reflect frustration over XRP’s stagnant price, many in the XRP community remain optimistic.
They argue that current market conditions, which feature widespread price corrections and a period of consolidation across cryptocurrencies, are affecting XRP’s performance.
Whilst XRP has failed to rise after the lawsuit I believe we have a clear runway for a rise in price during the upcoming bullrun.
