There is a lot of talk in the crypto community about how much XRP will go up or down as the final decision in the case between Ripple Labs and the US Securities and Exchange Commission (SEC) gets closer. But popular crypto commentator Rachelle Renee has said on X that the upcoming decision will not have a big effect on the price of XRP, which is not what many investors thought would happen.
However, Renee’s research shows that the legal settlement, which will punish Ripple for small mistakes, is not likely to cause a big price increase. “It’s just the specifics of how Ripple will be punished for the few small mistakes they made,” she said.
Renee says that the key time for a price increase was when Judge Torres made the rules clear in July of last year. This was a big step forward, but it did not lead to a lasting price increase. The decision to make things clear would have been the best time to see them go up in a big way. “No, it didn’t,” Renee said.
XRP Institutional Investment Clarity
According to Renee, big investors only needed to be told that it was legal to buy, hold, and use XRP. This permission has already been given. So, she doesn’t think that the details of Ripple’s punishment will change how they spend their money. “All institutions had to hear was that it was now legal to buy, hold, and use.” That did happen. They don’t need to know if #ripple will be punished for selling a few XRP tokens early.
“I hate to be the one to say it,” Renee said in the end. The last Ripple/SEC/Torres event might happen, but I don’t think it will change the price of XRP. The big companies that could cause prices to rise significantly already know it’s legal to deal with XRP, and Ripple’s punishment probably won’t change their minds any more.
She did say that XRP’s price might go up a little after the resolution, but she is sure that “this will not be the moon shot” that many people are looking for. Instead, she said that big changes in the XRP market would probably come from new events that show how useful XRP is and how big global players like banks and financial institutions are starting to use it.
Bas van Gestel, on the other hand, a well-known figure in the XRP community, had a more positive view. He said that when the Ripple-SEC case ended, the price of XRP would go through the roof because of more investors being attracted by clearer regulations, big banks adopting Ripple, and global agreements expanding its uses.
In response to van Gestel’s positive tone, Renee stuck to her original position and questioned the timing of the institutional adoption and important global statements that van Gestel mentioned. She said that these changes could have an effect, but they haven’t happened yet in a way that has a real effect on the price of Ripple. “Major news hasn’t come out since regulatory clarity was given more than a year ago,” I think these announcements will happen. Renee said, “But not as part of the final Torres case close.”
