“Pro-XRP Advocate’s Hopeful Projection Misses Mark as Post-Court Ruling Rally Falls Short”
The optimistic projections of XRP’s price post-court verdict were met with disappointment as the token’s value failed to breach the $1 resistance threshold, despite a temporary surge. John Deaton, a prominent pro-XRP lawyer, had voiced expectations of surpassing this crucial mark, but reality fell short of these anticipations.
In the aftermath of a favorable court ruling that deemed XRP not a security under specific circumstances, the cryptocurrency witnessed a notable upswing, especially within the broader Web3 landscape. Nevertheless, Deaton noted that certain individuals’ dissatisfaction was rooted in unrealistic expectations.
While Deaton hadn’t foreseen XRP soaring to new all-time highs after the verdict, he had maintained optimism about it crossing the $1 barrier. Yet, neither of these scenarios materialized, even as the token experienced a substantial 70% surge post-ruling, briefly touching $0.84.
XRP’s pinnacle, achieved over half a decade ago at $3.84, seems a lofty goal to regain. Nonetheless, Deaton’s positivity persists around the attainability of the $1 milestone. He anchors this hope, to a degree, to the performance of Bitcoin, which currently stands at $29,033. Without a retest of BTC’s historic high, Deaton suggests significant bullish momentum for XRP’s price might remain elusive.
As of the present writing, XRP is trading at $0.6283, encapsulating the uncertainty that continues to shroud its trajectory.
