Software engineer Vincent Van Code provided a detailed analysis of the U.S. Securities and Exchange Commission (SEC) dropping its appeal against Ripple. His commentary focused on the significance of this decision and its implications for XRP. Van Code explained that the primary risk in the SEC’s appeal was the potential challenge to Judge Torres’ ruling, which determined that “XRP in and of itself, is not a security.” This ruling had left XRP in a state of uncertainty, particularly among financial institutions and large investors. Van Code stated that the appeal presented “the big RISK which left XRP in a state of limbo with big banks and institutions.” He also reminded readers that Ripple was fined $125 million for its institutional sales, which the court ruled violated securities laws. He clarified that “Ripple ALREADY PAID the fine and is sitting in a bank escrow ready to be released upon clarity of the appeal.” This means that Ripple had already accounted for this penalty, removing any further financial uncertainty related to the SEC’s claims. Van Code noted that while Ripple’s legal team has suggested they may appeal the ruling on institutional sales, this is a separate matter. He emphasized that, regardless of future legal actions, the fundamental outcome of the SEC’s dropped appeal is that “the UNDISPUTED RULE OF THE LAND IS: XRP IS NOT A SECURITY AND NEVER WILL BE, CASE CLOSED!” With this legal status confirmed, Van Code stated that Ripple and its extensive network of 1,500 partners no longer have to worry about regulatory threats from the SEC. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP Market Reactions and Institutional Adoption Despite this legal clarity, Van Code addressed why XRP’s price had not significantly increased. He acknowledged his expectations, saying he thought the price would have “3x already” and admitted he was surprised by the lack of movement. He pointed to market dynamics as a key factor. According to Van Code, “there is STILL very little volume,” suggesting that major financial institutions are not yet actively accumulating. He stated that much of the current activity is “the usual market manipulation by Binance and their VIP trading bots.” He also explained that institutional investors often take time to react to legal developments. Large financial players “are not trigger happy” and may require board approval for significant purchases, which could slow down their decision-making process. He noted that such approvals are often granted during monthly meetings, further delaying potential buying pressure on XRP. Future Outlook and Investor Patience Van Code made it clear that, in his view, the risk associated with XRP has now been eliminated. He argued that there is now “nothing stopping its adoption” and that there are no foreseeable events that could significantly impact its price negatively. Looking ahead, he suggested that the market will see continued upward momentum, stating, “The rest of the journey Imho is all the way up.” However, he acknowledged the unpredictability of price movements, admitting, “I won’t pretend to know price, heck I humbly admit I have been wrong too many times.” Finally, he advised patience, warning that the biggest obstacle for investors now is “impatience.” He encouraged holders to “just sit tight, enjoy the victory and start to plan how you will manage your new fortunes.” Van Code’s analysis clearly shows the SEC’s decision and its impact on XRP and Ripple . The regulatory uncertainty that previously clouded XRP’s future has now been removed, confirming its legal status. Despite this, market reactions remain slow, with institutional investors likely accumulating XRP over time. He emphasizes patience, reinforcing his belief that XRP’s adoption will continue without regulatory obstacles. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Why XRP Price Hasn’t 3x Despite SEC Dropping Ripple Case – Software Engineer Explains appeared first on Times Tabloid .
