Experts say XRP is free-flowing and price suppression is over

Zach Rector, a widely followed commentator in the

Rector divided He expressed this sentiment in his latest commentary on X after watching XRP’s price movement on Friday The SEC’s formal notice of appeal has been filed with the court. He emphasized that the price of XRP did not react significantly negatively to the news of the SEC’s formal appeal compared to historical events.

In fact, the price of XRP remained stable at around $0.54 throughout Thursday and Friday, even amid intense discussions within the XRP community over the details of the SEC’s appeal.

At press time, XRP continues to trade around the $0.54 price point with no notable gains or declines. This stability is in stark contrast to the historic price declines during the SEC’s legal action.

Historic XRP Performance Amid SEC Actions

On October 2nd, XRP traded at an intraday high of $0.6058, but plunged to $0.5101 by October 3rd after the SEC’s decision to appeal was publicly announced. However, XRP’s price recovered by October 4, even as the SEC took further steps to appeal against Ripple in the Second Circuit Court.

In the meantime, the crash in 2020, The process triggered by the SEC’s initial lawsuit filing was more dramatic and took longer. On December 20, 2020, the price of XRP was at $0.5678, but by December 23 it plunged 61% to $0.2214.

The decline accelerated when exchanges began delisting XRP. By the end of December, the price had fallen to $0.1748 – a staggering 70% drop from its original value.

XRP price “Suppression is over”

Given that XRP recorded minimal losses on Friday amid the latest Ripple-related legal action, Zach Rector argued that this clearly suggests that the XRP price suppression is over.

He emphasized that there is no reason why XRP should not participate in this season’s bull market, especially since its legal status is now clearer. Furthermore, the SEC is not appealing the decision that XRP is not a security as this matter has been resolved. In his words, “No more excuses; It’s time for XRP to shine.”