Ripple CEO Brad Garlinghouse announced that the US SEC would drop its legal case against the company. Although this sounds like good news for everyone on the Ripple side, could it actually mean it’s time to short XRP? Here’s why. All financial markets are susceptible to the so-called ‘buy the rumor, sell the news’ effect. Ripple is not immune to this. Recall that its actual rally in late 2024 began with the US presidential elections, as with many other crypto assets, and peaked in mid-January.
Source: Jordan Lyanchev, 2025-03-21; https://cryptopotato.com/unpopular-opinion-is-it-actually-time-to-short-ripple-xrp/