The article discusses how XRP’s market capitalization dropped by $18.23 billion since a positive ruling in the SEC case. The regulatory body accused Ripple of conducting an unregistered securities offering, but the judge ruled that XRP did not meet the criteria for classification as a security. Initially, investors reacted positively, leading to a surge in XRP’s value, but this increase was short-lived. The decline in market capitalization is attributed to profit-taking, market volatility, and ongoing regulatory uncertainty. XRP is currently facing the challenge of navigating the broader market correction and analysts suggest that it may need to test new lows before rallying.
AI Sentiment: Negative