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Expert Predicts XRP Price Surge Despite Higher Circulating Supply Than Ethereum

Mark Brennan
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Expert Predicts XRP Price Surge Despite Higher Circulating Supply Than Ethereum

XRP price poised to surge despite larger circulating supply, targeting the banking sector with high accumulation capacity and recent regulatory clarity

Veteran trader Jay Grissom has highlighted the potential for XRP’s price surge despite its larger circulating supply compared to Ethereum (ETH). Grissom, who has been active in trading since 2002 and an XRP holder since 2016, emphasized the distinct target markets of XRP and ETH. According to Grissom, XRP’s primary audience comprises banking and financial institutions, while ETH and Binance Coin (BNB) are more retail-focused.

 

Grissom pointed out the substantial buying power and broader use case of the banking sector, which XRP targets. This market segment has a significantly higher accumulation capacity than retail investors, thus justifying the need for a larger supply of XRP.

Recent Developments and Regulatory Clarity

Earlier, Grissom also discussed several key developments surrounding XRP, including its regulatory clarity. He noted that XRP has achieved true regulatory clarity, contrasting this with Ethereum’s controversial regulatory approval process. Moreover, the XRP Ledger is set to incorporate a U.S.-backed stablecoin, RLUSD, which could lead to significant gains for XRP. Historically, the introduction of stablecoins on networks like Binance has resulted in substantial price increases.

Additionally, the announcement of an XRP-based exchange-traded product (ETP), valued at $12 per unit, and the Commodity Futures Trading Commission’s (CFTC) recognition of XRP as a commodity could further bolster XRP’s position. These factors, combined with the upcoming resolution of Ripple’s legal challenges, position XRP for potential growth.

Comparing the Circulating Supplies

XRP (XRP) has a circulating supply of 56 billion XRP. It is priced at $0.5189, with a 24-hour trading volume of $1,879,002,110. XRP has shown a notable price surge, increasing by 11.15% in the last 24 hours and 19.47% over the past week.

XRP Ciculating Supply 14 7 24
XRP Circulating Supply

Ethereum (ETH), on the other hand, has a circulating supply of 120 million ETH. Priced at $3,153.31, Ethereum’s market activity remains robust, with a 24-hour trading volume of $9,425,215,679. The recent performance trends indicate a positive trajectory for Ethereum, with a 1.25% increase in the last 24 hours and a 5.05% rise over the past week.

Ethereum Circulating Supply 14 7 24
Ethereum Circulating Supply

Analyst Sentiment and Market Performance

Notably, the crypto community has noted XRP’s recent price performance, with the asset rallying 30% from its July 5 low of $0.3911. XRP achieved a 12% surge in a single day, reaching an intraday high of $0.5095. This impressive performance comes amid modest gains in other leading cryptos, making XRP the top performer among the top ten crypto assets.

Analysts suggest that the window to accumulate XRP at low values is closing fast. Bobby A, a prominent analyst, echoed this sentiment, noting that XRP’s current low values represent an accumulation range. Technical indicators suggest that XRP may soon break out of its six-year downtrend, encouraging investors to consider the asset before its anticipated surge.

“Call Me Delusional,” Expert Boldly Predicts XRP Will Surpass ETH, Possibly Even BTC

Mark Brennan
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“Call Me Delusional,” Expert Boldly Predicts XRP Will Surpass ETH, Possibly Even BTC

Crypto Bitlord predicts XRP will surpass ETH and BTC, sparking community reactions.

Crypto Bitlord, a veteran in the crypto sector, recently predicted that XRP will surpass Ethereum and potentially even Bitcoin in the current market cycle.

This bold prediction came just a day after Grayscale, a leading crypto asset manager, highlighted XRP as one of the most valuable crypto assets in the industry. Bitlord’s statement has sparked widespread discussion and interest in XRP’s potential.

 

Crypto Bitlord predicts that XRP’s rise will draw massive liquidity from the market, causing entire sectors to be destabilized to fuel its ascent. He anticipates unprecedented levels of FOMO, leading to widespread panic as investors scramble to capitalize on XRP’s potential surge.

Community Reaction and Market Insights

The prediction has elicited strong reactions from the crypto community. Enthusiasts and experts are weighing in on the potential of XRP to achieve such significant growth. Some community members express optimism, viewing this as a golden opportunity. They believe that XRP’s historical performance and recent developments support Bitlord’s prediction.

Others are more skeptical but acknowledge the historical significance of similar market movements. This skepticism is rooted in the volatile nature of the cryptocurrency market and the challenges XRP has faced in the past. However, Bitlord’s confidence in XRP’s potential has encouraged some to reconsider their positions.

Rob Cunningham from the KUWL.show supported Bitlord’s view, suggesting that XRP and XLM will eventually move more gross value daily than the total gross value of all S&P 500 companies combined. This statement underscores the belief among some experts that XRP has the potential to revolutionize the financial industry.

 

Some community members even note that XRP’s recent technical performance, including its breakout from a falling wedge pattern, aligns with Bitlord’s optimistic outlook. Others remain cautious, citing the need for more substantial evidence before making such bold claims.

Recent Performance

Notably, on the same day as Bitlord’s prediction, technical analysis revealed a significant bullish development for XRP. Captain Faibik highlighted that XRP had broken out from a falling wedge pattern on the daily chart.

 

This technical pattern often indicates a bullish reversal, which was confirmed by XRP’s subsequent price movements. In the last 24 hours, XRP’s price increased by 10.56%, and over the past week, it surged by 17.98%. These gains have added to the speculation about XRP’s future performance.

Grayscale’s Spotlight

A day before Crypto Bitlord’s prediction, Grayscale spotlighted XRP in its weekly highlight of prominent crypto assets. The report featured XRP alongside Bitcoin and Ethereum, noting its market cap of $25 billion. Despite a challenging week for most of the top ten crypto assets, XRP maintained its position.

The weekly snapshot from Grayscale showed that while Solana and Tron posted positive returns, other assets like Dogecoin and Toncoin experienced significant declines, with Dogecoin dropping by 9% and Toncoin by 8.3%. XRP, Ethereum, and Binance Coin each saw a 6% decline in value over the week, while Bitcoin’s value dropped by 4.4%.

Here’s Shiba Inu Price if Solana Hits $3,211 as Predicted by VanEck

Sam Wisdom Raphael
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Here’s Shiba Inu Price if Solana Hits $3,211 as Predicted by VanEck

Shiba Inu can spike 2,202% to hit unprecedented levels if it follows the trajectory of Solana should SOL clinch $3,211 as predicted by VanEck.

Most tokens in the cryptoc market move side-by-side, primarily led by Bitcoin (BTC), the leading asset. However, there are moments when some altcoin engineers rallied during a Bitcoin downturn. This phenomenon occurred with Solana late last year and XRP last July.

Shiba Inu and Solana Price Correlation

Such occurrences often have some spillover effects on other altcoins, which typically enjoy similar rallies. This is largely due to the sustained correlation shared by these altcoins. For instance, the canine-themed meme coin Shiba Inu shares an observable correlation with Solana. 

Market data sourced by CoinMarketCap shows that over the past month, Solana and Shiba Inu have moved alongside each other. Notably, from June 12 to 24, both assets recorded a sustained downtrend. However, they staged a recovery, which culminated in respective local tops on June 28.

Shiba Inu and Solana Performance
Shiba Inu and Solana Performance | CoinMarketCap

Both assets continued to record drops and upswings a few days into July but eventually collapsed to multi-month lows on July 5. Despite a recovery, they are both facing losses over the past month. This price correlation can be advantageous for either of the assets when one witnesses a massive price increase.

Shiba Inu Price if Solana Hits $3,211

Interestingly, projections from seasoned analysts suggest that Solana could be on the verge of a massive uptrend. For instance, last October, asset manager VanEck released a report on Solana. The report predicted a bear price target of $10, a base target of $335, and a bull target of $3,211 for Solana by 2030.

Notably, Solana currently trades for $139.48. From this level, an increase to $3,211 by 2030 would require a 2,202% rally in six years. Meanwhile, SHIB changes hands at $0.00001694. If Shiba Inu follows a similar price trajectory as Solana and witnesses a comparable 2,202% increase, SHIB value will spike to $0.0003901, marking a new all-time high.

While this might appear extremely bullish to some market veterans, most Shiba Inu proponents expect greater heights. Interestingly, this month, Forbes cited CIFDAQ Blockchain Ecosystem chairman Himanshu Maradiya in a report. Himanshu predicted SHIB could trade between $0.0001 and $0.0003 as early as next year.

Analyst Reveals “Strong Evidence” XRP is Heading to $20

Sam Wisdom Raphael
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Analyst Reveals “Strong Evidence” XRP is Heading to $20

Market commentator Armando Pantoja reveals what he believes is “strong evidence” that confirms XRP is heading to the $20 price level.

He made this assertion in a recent post on X, looking to provide an analysis of XRP’s price movements amid the market turmoil. At the time of the analysis, XRP struggled at the $0.44 price territory following the collapse from the $0.7449 yearly peak attained in March.

Factors Catalyzing an XRP Rise to $20

With the bearish pressure threatening to wreak more havoc, Pantoja stressed that XRP has found robust support. According to him, this support currently lies between the $0.40 and $0.50 price region. The analyst believes this robust support is one factor potentially pointing to an imminent XRP rally to $20.

He stressed that the second factor is XRP’s position relative to the Bollinger Bands. At its price then, XRP traded close to the lower Bollinger Band ($0.34206). While this level also serves as support, its major significance is that it indicates that an asset is oversold. Pantoja noted that XRP’s oversold nature is another bullish evidence of its potential push to $20.

Meanwhile, XRP has continued to trade beneath the 20 SMA due to downtrend. This pattern confirms that the downturn has persisted, with a flip of this moving average necessary for the momentum to turn bullish. However, XRP’s position below this pivotal level indicates the asset is underperforming compared to its recent average.

In addition, XRP’s trade volume has seen a drastic drop in recent times, as market interest wanes. Despite this, CoinMarketCap data confirms that volume has averaged $1.1 billion this month. Pantoja pointed out that the drop in volume coincides with XRP’s consolidation at the $0.4 region. He believes a recovery in trade volume could catalyze the uptrend to $20.

XRP Sees Reduced Volatility 

A blend of consolidation and reduced volume can lead to decreased volatility. Such decreased volatility often triggers the tightening of the Bollinger Bands, a pattern currently observed with XRP. Pantoja’s chart shows that such tightening of the Bollinger Bands often comes before an explosive run.

This trend has played out throughout history, specifically in late 2017 and in mid 2021. The market analyst cites these factors as potential catalysts for an XRP rally to $20. In May, notable analyst Javon Marks called attention to a growing XRP RSI. He predicted that this phenomenon could lead to a breakout, with an ultimate target of $20.

Earlier this month, analyst XRP Sharks contented that XRP is still on track to hit $20 despite the latest downturn. With XRP currently changing hands at $0.4690, a push to $20 would require a 4,164% rally. Amid the persistent calls, market participants have continued to dismiss this target as wishful thinking.

Expert Says Though XRP is a Scam, Its Price is Reaching an Area of Interest

Sam Wisdom Raphael
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Expert Says Though XRP is a Scam, Its Price is Reaching an Area of Interest

A notable market analyst insists XRP is a scam, but acknowledges its potential to record impressive growth, urging investors to pay attention to it.

Krillin, an EMA/MA analyst from trading platform The Haven, made this remark in a recent disclosure. Over the past few months, the seasoned market analyst has continued to take a jab at XRP, repeatedly reminding the broader crypto community that XRP holders missed out on the 2021 bull run.

Notably, in 2021, the crypto market slipped into a full-blown bull run. While other cryptocurrencies recorded new all-time highs, XRP hit a roadblock at $1.96 in April of that year. This 2021 peak was 41% down from XRP’s all-time high of $3.31 in 2018. Several market commentators attributed this underperformance to the ongoing SEC lawsuit against Ripple.

Moreover, the crypto market entered an uptrend in Q4 2023, which extended to the first quarter of this year. During this period, Bitcoin (BTC) hit a new all-time high and most altcoins recovered the losses of 2022 and 2023. However, XRP still underperformed.

XRP Poised to Outperform BTC

Krillin has persistently criticized XRP investors who missed out on the gains during this period. Basing his criticism on this reality, he recently opined that XRP is a scam. His first remark on this came up in March. However, the analyst confirmed that despite XRP being a scam, it has the potential to outperform BTC.

Data from an accompanying chart indicated that amid XRP’s underperformance against Bitcoin since last July, the XRP/BTC ratio has dropped to a robust support level the analyst believes is an area of interest. Notably, the ratio has dropped to this level only three times in history. 

This phenomenon occurred in June 2014, February 2017 and January 2021. Interestingly, each time it hit this level, a massive uptrend occurred. With the ratio now back to this territory, another price explosion against Bitcoin could occur. 

Notably, following Krillin’s analysis in March, the ratio dipped further, dropping to the 0.000007 level this week. The analyst recently presented an update to his report, noting that while he believes XRP is a scam, it is worth paying attention to it. This remark suggests he believes XRP is on the verge of outperforming BTC despite not believing in the asset.

In April, Krillin asserted that purchasing XRP at the 0.000006 to 0.000007 BTC level is a good call. Despite stating this, he maintained his criticism of XRP and the XRP community. Notably, XRP currently trades for $0.5101, having broken above the $0.50 resistance. XRP has gained 17.1% against BTC over the past four days, with the XRP/BTC ratio now sitting at 0.00000881.

Here’s The Price XRP Must Reach to Flip Ethereum

Sam Wisdom Raphael
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Here’s The Price XRP Must Reach to Flip Ethereum

XRP would need to rally by as much as 1,223% to finally flip Ethereum as the second-largest cryptocurrency in the market. 

The XRP community has continued to bemoan the underperformance witnessed with XRP over the past few years. This persistent underperformance since March 2020 has created a massive gap in market cap between XRP and Ethereum, two assets that continuously competed closely for the second spot in the early days.

XRP’s Battles for Second Spot

Before Ethereum’s launch in July 2015, XRP battled with Litecoin for the second spot on the list of largest assets by market cap. After Ethereum launched, XRP transcended Litecoin, but instead began a new battle with ETH. Ethereum gained the upper hand until January 2018 when XRP hit its ATH of $3.3.

However, amid the correction from this peak, XRP dropped below the second spot again. Market data confirms that since March 2020, Ethereum (red) has outperformed XRP (blue) by a mile. This has led to ETH’s market cap skyrocketing to the hundred-billionth level, while XRP’s valuation remains below $40 billion.

XRP v Ethereum All Time Performance
XRP v Ethereum All Time Performance

Currently, Ethereum boasts a market cap of $377.2 billion, while XRP’s market cap currently stands at $28.58 billion. XRP has now moved below the top 5 assets by market cap, with its current position being seventh. Despite the bearish reality, some market watchers project an imminent rally. Some of the expected targets could help XRP recover the second spot.

How Much XRP Must Rise to Flip Ethereum

Amid these predictions, we recently assessed how much XRP needs to rally to reclaim the position as the second-largest cryptocurrency. For context, XRP must surpass Ethereum’s $377.2 billion valuation to reach this feat. This would mark a new all-time high valuation for the asset.

Supposing XRP’s circulating supply remains fairly constant at 55.805 billion, the token would need to hit a price of $6.76 to claim a $377.2 billion market cap. With XRP currently changing hands at $0.5112, a massive 1,223% rally is necessary to clinch the $6.76 price level. 

Notably, the $6 territory is one of the multiple targets set by market analysts. Interestingly, this $6 price level represents the lower end of these projections. Last month, crypto analyst EGRAG suggested that XRP could reach a minimum target of $6.4. His chart indicated that this target level aligns with the 1.618 Fibonacci retracement point.

Moreover, Mikybull, a Bitcoin analyst, disclosed in April that he expects XRP to clinch the $6 level soon. DustyBC, another analyst, predicts a rally to $6 during the bull run. Last October, market watcher Cryptobilbuwoo made a similar projection. Meanwhile, currently, XRP is among the top gainers over the last 24 hours, having spiked 10.45%.

Time Running Out to Buy Cheap XRP, Analysts Warn Amid Dramatic 30% Comeback

Abdulkarim Abdulwahab
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Time Running Out to Buy Cheap XRP, Analysts Warn Amid Dramatic 30% Comeback

Analysts believe the window to accumulate XRP at low values is fast closing as XRP staged a surprising comeback, rallying 30% since its dip.

XRP has astonished the crypto market over the past 24 hours, achieving a rare 12% surge in a single day to reclaim the $0.5 mark after nearly a month of trading below it. Impressively, XRP reached an intraday high of $0.5095, representing a 30.27% increase from its July 5 low of $0.3911.

This unexpected resurgence has garnered widespread commendation as XRP engineered this substantial bull run at a time when most leading cryptocurrencies are posting around 3% daily gains. In particular, among the top ten crypto assets, XRP was the best performer.

Time Running out to Amass Cheap XRP 

This performance has bolstered the confidence of ambitious market watchers who believe that those hesitant about XRP still have an excellent opportunity to invest, as it is not too late yet. 

In a commentary earlier today, analyst Bobby A asserted that the window for accumulating XRP is closing soon. Reacting to the post, many other analysts sided with the sentiment.

Notably, XRP has been in a downtrend for the past six years following its all-time high rally. Analysts have viewed its low values during this period as an accumulation range. They expect the asset to break out of this downtrend pattern soon, as suggested by numerous technical indicators.

In reply to Bobby A’s bullish reminder that the window for accumulation is closing, a commenter noted that if XRP mirrors its 2017 patterns, market participants have until August 8 to buy cheap XRP. He believes that what follows is the final goodbye to the long-standing downtrend as XRP transitions to an uptrend.

In other words, buying XRP at $0.5 is still considered a bargain compared to where the asset is expected to head soon. 

Where is XRP Headed After Accumulation Period Ends?

Notably, an X user sought Bobby A’s opinion on whether a $10 outlook for XRP this cycle is attainable, and the analyst responded affirmatively. Should this outlook materialize, it would translate to a substantial 1,874% profit from XRP’s current value.

Interestingly, some other keen market observers believe XRP can deliver even more significant profits once its uptrend begins.

For instance, a notable economist in the crypto community, who accurately forecasted XRP’s retest of the $0.39 range six months ago, recently updated his estimation. He now predicts that XRP could rally up to $33 this bull season after hitting that low.

Shiba Inu Looks at 146% Surge as Bullish Stoch RSI Crosses for 7th Time

Abdulkarim Abdulwahab
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Shiba Inu Looks at 146% Surge as Bullish Stoch RSI Crosses for 7th Time

A seventh weekly Stochastic RSI cross has formed on Shiba Inu price patterns, a signal that has historically preceded an average 146% price surge.

In the last 24 hours, Shiba Inu was among the top beneficiaries of the ongoing mini-bull rally, reclaiming the $0.000017 threshold. Notably, SHIB traded at a low of $0.0000158 yesterday. Today, it has hit a daily high of $0.00001713 after advancing by 8.41%.

Meanwhile, in a recent update, analyst Kevin drew public attention to a technical indicator suggesting that Shiba Inu could be on the verge of a 146% price pump based on historical trends.

According to Kevin’s analysis, Shiba Inu’s Stochastic RSI has crossed seven times on a weekly basis throughout its history. Each occurrence coincided with major support levels, and subsequently, SHIB experienced an average price surge of 146% to the upside.

Shiba Inu Stoch RSI Historical Bull Rally

For context, the Stochastic RSI crypto trading indicator helps identify overbought and oversold conditions by comparing the RSI value to its high and low ranges. This indicator currently suggests Shiba In is oversold or at a bottom price.

Presently, Shiba Inu is trading at a four-month low of around $0.000016, a significant drop from its yearly high of $0.00004534. The Stoch RSI crossed when SHIB traded with five leading zeros in February. Within a few weeks, the bullish wave broke out, leading to a staggering 400% price surge by March from the February low of $0.000008806.

Kevin’s chart also revealed a weekly Stoch RSI cross in November 2023, followed by an 80% price surge for Shiba Inu. In other instances, similar crossings led to gains of over 100%. 

According to Kevin, Shiba Inu has historically seen an average 146% price surge following six previous weekly Stoch RSI crosses. The seventh cross is emerging after SHIB hit a low of $0.00001294 on July 5, its lowest point since the recent market downturn.

Shiba Inu Set for 146% Surge to $0.00004?

This signal suggests that the meme coin could double in value in the coming days. Notably, SHIB has already rallied 30% from its recent local bottom. If historical patterns repeat, Kevin believes there is still significant upside potential, with much more room for growth.

Specifically, if Shiba Inu indeed surges by 146%, its value would merely reclaim the $0.00004 threshold around its yearly high. However, many market analysts believe that SHIB is poised to set a new all-time high in its second-leg bull wave, with a potential target of $0.0001.

Shiba Inu and Elon Musk May Come Close for a Meeting Soon

Lele Jima
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Shiba Inu and Elon Musk May Come Close for a Meeting Soon

Shortly after confirming that he is not Elon Musk, Shiba Inu ecosystem’s enigmatic leader, Shytoshi Kusama, asks the American businessman when they could have a conversation. 

Kusama asked Musk for a conversation using a playful tone. 

Kusama Says He’s Not Musk, Desires a Conversation with Him 

The development follows Kusama’s first-ever interview with Dubai news outlet Arabian Business. During the interview, he dismissed speculations that Musk could be the enigmatic leader of the Shiba Inu ecosystem operating under the pseudonym “Shytoshi Kusama.” 

“I guess now you know. I’m not Elon Musk,” he said to the Arabian Business interviewer. 

Following the clarification, Kusama expressed a desire to engage the billionaire in a conversation. He hinted at plans to “show [Musk] how it should be done.” 

This suggests that Kusama could be willing to share his anonymity expertise with the Tesla founder. 

Only Factor Differentiating Kusama from Musk 

According to Arabian Business, Kusama and Musk have much in common, such as “disruption beyond recognition, wealth beyond imagination, and power beyond contemplation.” 

Arabian Business said the only difference between them is that nobody knows Kusama’s real identity. 

Since assuming the role of Shiba Inu ecosystem leader, Kusama has remained completely anonymous. He recently attended a public event in Kyoto, Japan, for the first time, but his identity was completely hidden behind a mask. 

During the interview, Kusama stated that he prefers to stay anonymous and has no plans to reveal his identity. According to him, the fact that he could move freely without being recognized is worth more than money. 

With his expertise on anonymity not in doubt, Kusama suggests showing Musk “how it should be done.” Hence, the Shiba Inu ecosystem leader playfully asked Musk for a meeting. At press time, the American billionaire had not responded to the request. 

Shiba Inu’s Attempt to Initiate Conversation with Musk 

This is not the first time that the Shiba Inu ecosystem team has attempted to prompt an engagement with Musk. 

In August, Kusama invited Musk to attend the 2023 Blockchain Futuristic Conference (BFC). A few days later, the official Shiba Inu’s X handle informed the Tesla founder that its “DMs are open.”

Notably, Musk ignored these invites, opting to remain faithful to Shiba Inu’s core rival, Dogecoin (DOGE). Nonetheless, the Shiba Inu ecosystem team, led by Kusama, is not showing signs of relenting as they attempt to initiate a conversation with the billionaire. 

Ripple CEO and CLO Celebrate This XRP Day

Lele Jima
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Ripple CEO and CLO Celebrate This XRP Day

Top Ripple executives join the broader XRP community to celebrate the first anniversary of Judge Analisa Torres’ summary judgment decision in the SEC lawsuit.

Significance of July 13 

July 13 is a special day within the XRP community. On July 13, 2023, Ripple secured a partial legal victory against the U.S. Securities and Exchange Commission (SEC). 

The ruling judge, Analisa Torres, declared that XRP is not, in and of itself, a security. She also ruled that certain XRP-related transactions the SEC alleged to be securities were not. This includes programmatic sales of XRP on secondary markets and other distributions of the coin. 

Nonetheless, the court held that Ripple’s institutional sales of XRP violated Section 5 of the Securities Act. Although this portion of the ruling is being litigated in the remedies phase of the lawsuit, Ripple still considers Judge Torres’ summary judgment decision to be a complete victory for XRP. 

Ripple CEO Celebrates 

One year after the Judge issued the summary judgment ruling, Ripple CEO Brad Garlinghouse and other XRP enthusiasts took to X to reflect on the legal victory. 

In an X post yesterday, Garlinghouse characterized July 13 as a very good day for Ripple and the industry. On a personal note, he views this day as a core memory. 

He emphasized that Ripple had the conviction to fight the SEC, which he characterized as a bully that has unfairly targeted the crypto industry. The Ripple CEO noted that from the beginning of the legal tussle, he has always known that the company was on the right side of the law and would also be on the right side of history. 

Furthermore, he criticized Gary Gensler’s SEC leadership for waging a war on crypto. He accused the securities agency of attempting to destroy the industry with failed lawsuits, defamation, misleading statements, and intimidation. 

Despite these efforts, Garlinghouse affirmed that the SEC has always been wrong, suggesting that the regulator cannot stifle the industry. 

Ripple CLO Says XRP Non-Security Status Remains Unchallenged 

His comment follows Ripple CLO Stuart Alderoty’s reflection about Judge Torres’ summary judgment decision. Alderoty considers the decision a watershed moment, establishing as a matter of law that a token, especially XRP, in itself cannot be a security. He indicated that the ruling has impacted other crypto-related lawsuits, including the SEC v. Binance case. 

The Ripple CLO noted that while the court has checked the SEC’s behavior, the continuous token-by-token litigation is unacceptable. He suggested that the lack of legislative progress on the U.S. crypto industry has stirred bipartisan frustration among policymakers. 

Alderoty asserted that the court’s determination that XRP is not a security in itself remains unchallenged, admitted by the SEC. 

“Don’t be distracted by the SEC’s continued efforts to mire Ripple and the industry in the litigation trenches  – that runway is running out for the SEC,” he remarked.  

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