XRP to the Moon? Will Ripple Steal Ethereum’s Crown Amid SEC Drama?

The United States Securities and Exchange Commission is currently investigating the Ethereum Foundation. The SEC has expressed skepticism towards ETH, calling it a “security.” Authorities are investigating Ethereum based on a 2022 software upgrade that changed the way the network processes its transactions.

The SEC’s investigation into Ethereum has raised a whole host of questions. The crypto community is now wondering if XRP will be freed from the SEC investigation frenzy and end up stealing the spotlight from Ethereum.

Also Read: Ripple XRP Weekend Price Prediction

XRP vs. Ethereum: Blurred Lines?

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Source: WatcherGuru

As the SEC tightens its ropes around Ethereum, a paralyzing question is plaguing the crypto market. The community on

Crypto enthusiasts on X have projected new opinions on the SEC vs. Ethereum debate. The questions are: Now that Ethereum is on fire, its user flow, liquidity, and momentum could soon fuel XRP’s popularity to new levels.

The Ethereum-SEC drama has gained momentum at a time when the market is awaiting updates on a potential Ethereum ETF. The SEC appears to be following the same narrative as with Ripple. Authorities are trying to corner ETH by calling it a potential “security.”

When an asset qualifies as a “security,” it falls under a separate commercial jurisdiction, strictly protected by specified commercial mechanisms to protect investors from exploitation.

Also Read: XRP Echoes Its Nostalgic Bull Ride of 2017: Can It Surpass $1 Soon?

With the SEC dubbing the security of ETH, the investigation may lead to problems for the network if it escalates further.

Ripple CEO Brad Garlinghouse Protects Ethereum Amid SEC Drama

Brad Garlinghouse, CEO of Ripple, has spoken out in favor of Ethereum. Garlinghouse tweeted his opinion via X, adding that the SEC should stop following the same trend it did with XRP.

“The SEC is fighting with the industry and losing badly in court. They are now battling other regulators like the CFTC and falling behind their international counterparts. At what point will the SEC realize that it will lose the war against ETH just like it lost against XRP? Garlinghouse then tweeted

The Ripple CEO was seen reposting Coinbase’s Paul Grewal’s post on ETH, pointing out bold anomalies in the ongoing drama between the SEC and Ethereum.

XRP Price Analysis

The recent SEC versus Ethereum war appears to have partially helped XRP gain credible market momentum. According to CoinMarketcap, the token is up 5% over the past 24 hours, trading at $0.6351 at press time.

The token has documented a 17% spike over the past month, indicating its potential to climb much further.

According to CoinCodex, XRP may soon project a possible uptrend.

“According to our current XRP price forecast, the Fear and Greed Index shows 78. (Extreme Greed). XRP recorded 16/30 (53%) green days with a price volatility of 7.05% over the last 30 days.


reference: watcher.guru

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