Search interest in XRP has significantly decreased following the conclusion of the Ripple lawsuit. Did the SEC play a role in this decline?

Following the settlement of the lawsuit, XRP’s price shot up to $2.60 but soon fell by almost 20%, leaving optimistic investors puzzled. Even with legal clarity achieved, XRP’s momentum dwindled, with global interest and search trends decreasing, indicating a waning public enthusiasm. The nearly four-year-long conflict between Ripple and the U.S. Securities and Exchange Commission has finally come to a close. Surprisingly, the anticipated excitement has not emerged. Despite the investors who were confident in a spectacular XRP rally, they now find themselves puzzled by a new question—how did the situation shift to cause the price to decline? On March 19, the news that the lawsuit had been resolved caused XRP’s price to temporarily rise to $603. The increase proved to be surprisingly short-lived. Rather than maintaining its upward trend, XRP swiftly reversed course and experienced a decline of nearly 20% in that position. By the week’s conclusion, it fell by 14%, making it the least successful among the top 10 altcoins. Additionally, Ethereum dropped by 11%, Solana by 9%, and XRP saw a decline of 45%, while Bitcoin experienced a correction of 5.5%. Many expected a bullish trend from an increase in market value, regardless of the legal issue.