XRP price disappoints after court ruling, Deaton remains optimistic
While the pro-XRP lawyer didn’t anticipate XRP reaching a new all-time high after the ruling, he did expect the price to surpass the $1 resistance level. Despite a brief rally, the XRP (XRP) price did not reach anticipated levels after a recent favorable court ruling for the token. Among those with ambitious price targets for the cryptocurrency is pro-XRP lawyer John Deaton. Deaton addressed a post from a user named Moon Lambo on X (formerly Twitter), who criticized complaints from certain investors about slow price gains in digital currencies year-to-date. Moon Lambo said XRP has grown by 85% this year, implying a positive overall trend. Several weeks have passed since Judge Analisa Torres delivered the highly anticipated ruling that XRP is not considered a security in certain circumstances. This decision caused a significant surge in the price of the cryptocurrency within the broader Web3 ecosystem. It’s all about expectations. Unless we were in a full bull market - led by #Bitcoin...