• XRP has held the same price for the last three weeks and has recovered quickly after a brief dip to $0.30.
• Ripple CEO Brad Garlinghouse is optimistic about the future of crypto in 2023 and believes it is time for regulatory clarity on the matter.
• Bulls remain hopeful for XRP in 2023, however, the outcome of the SEC’s case against Ripple is uncertain.
XRP remains relatively stagnant for the past three weeks, with the price hovering around $0.33. The cryptocurrency has been tied to the macro sentiment and the case between Ripple and the US Securities and Exchange Commission (SEC). Despite a brief dip to $0.30 on January 2, bulls recovered quickly and the upside has since been limited.
As the crypto community awaits news from the SEC’s case against Ripple, many are optimistic about 2023 for the crypto industry. Ripple’s CEO Brad Garlinghouse shared his thoughts on the matter on Twitter, saying that the US stands a chance to make a breakthrough this year if regulators provide clarity on the definition of „security“ in the digital asset sector.
Garlinghouse remains cautiously optimistic about 2023, as the outcome of Ripple’s case with the SEC is still uncertain. However, many in the crypto community remain hopeful that the price of XRP will rise this year. Bulls have been quick to recover after the dip to $0.30, suggesting that the crypto market is still interested in XRP.
XRP has been linked to the sentiment of the crypto industry and the case between Ripple and the SEC. As the case continues to unfold, the outcome remains unclear. But, with the macro situation slowly improving, many are hopeful that 2023 will be a good year for the crypto industry. Bulls remain interested in XRP and, depending on the outcome of the SEC’s case, the price could see a substantial increase in the coming months.