• XRP’s Price Takes a 17% Dive in Just Four Days, Defying “Positive” Vibes
• Ripple CEO Brad Garlinghouse Declares SEC Lawsuit Officially Over
• Retail Investors Express Disappointment as XRP Price Slides

Despite hopes for a different outcome, the price of XRP, the digital currency from Ripple Labs, hasn’t been doing so hot lately. Instead of going up, it’s actually taken a tumble. Since last Wednesday, XRP has lost a significant chunk of its value – about 17% – especially after Ripple’s top executive, Brad Garlinghouse, announced the end of their long-running legal battle with the SEC.

For many cryptocurrency observers, this recent downturn for XRP is a bit of a head-scratcher. The expectation was that resolving the SEC case would inject positive energy into the altcoin market and draw in more buyers. However, the opposite seems to be happening. Instead of a surge, XRP has faced a noticeable sell-off, with its price dropping from $2.48 to $2.06 in under four days.

Related Article: Ripple SEC Settlement May Arrive by April, Says Lawyer

Last Wednesday, Garlinghouse took to X, posting a video to let the crypto community know that the lengthy legal saga between Ripple and the SEC was finally over. According to him, the four-year case was essentially flawed from the start. Garlinghouse framed the end of the lawsuit as a victory, suggesting Ripple was always on “the right side of history.”

Despite Ripple’s consistent defense against the SEC’s accusations of wrongdoing, the legal battle did cast a shadow over XRP. While the broader crypto market, including giants like Bitcoin and Ethereum, experienced significant growth and adoption, XRP’s price remained somewhat stagnant. This led many everyday crypto traders to believe that the conclusion of the case would be a major positive catalyst for XRP.

Related Article: XRP Rebound Potential: Ripple SEC Case Breakthrough & Trump’s Crypto Mention Spark Price Recovery Hopes

Looking ahead, it’s still early days to definitively say how the end of the SEC case will ultimately impact XRP’s price. Reports indicate that Ripple and the SEC have agreed on a $50 million fine for the FinTech company, a reduction from the initially considered $125 million. Many in the crypto space are viewing this settlement as a favorable outcome for Ripple, hinting at potentially brighter days ahead.

In more recent trading, XRP has shown some signs of recovery, bouncing back slightly from its recent low. It was trading at $2.18 at the time of this report, representing a 6.3% increase from that low point, based on data from TradingView.