Investors Are Currently In A Positive Mood About The Ripple vs SEC News Lawsuit.

As the Ripple SEC News Lawsuit continues to make news, even after 13 months, supporters of Ripple have grown more optimistic in their chances of victory. On the network, the impact of the same may be seen. Despite the difficult market dynamics, trading has remained steady.

“Denied” by the SEC

The Ripple SEC News states that the SEC’s Request to File the Sur Sur-Reply was denied by District Judge Torres on February 24th with a simple one-word response: “Denied.”

This is one of the most significant moments in the trial since the crypto community sees it as a step toward Ripple’s victory.

While the rest of the community was ecstatic at the denial, XRP investors were already hopeful about Ripple’s victory. They are nonetheless more active, even beyond the market circumstances in December and January.

Activities on the system have improved since their low point in May 2021. It was just ten days ago that it surpassed the two million milestone. Despite the fact that the number has now been reduced to 1.69 million, given the current state of uncertainty, investors may choose to remain in this area.

The number of investors in the capital market, which peaked around 163,000 in late January, further supports this theory. These active addresses had similarly plummeted to 93k at its lowest level, but had begun to rise again in the previous 48 hours.

Moreover, investors who left may be enticed to return; despite plunging 45.16 percent (reference. XRP Price Movement picture), XRP has avoided going into the negative zone.

Despite dipping in the downward zone, the MVRV ratio reveals that XRP has managed to stay over 1.0, providing substantial support in luring investors.

This is critical since XRP’s network expansion has slowed in recent months. As a result, there has been a decrease in audience adoption. As long as this can maintain a stable position above $0.7551, the 10.54 percent surge on February 25th will play an important role.