XRP's price has been struggling, with the coin dropping in market cap rankings after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, the firm, and its executives like Brad Garlinghouse.

However, there have been vital victories for XRP recently. The improving regulatory environment and the rise of pro-crypto policymakers have propped up XRP, and the July 2023 court ruling was a shot in the arm for the seventh most valuable coin, despite the regulator's appeal.

The recent settlement between Ripple and the SEC is seen as a huge development for XRP. Though the price is down and the excitement around Ripple is fading, these key events could potentially rejuvenate the bulls in the coming weeks and months.

The last four years have been turbulent for Ripple, the blockchain company, as the SEC lawsuit marked a severe blow for XRP. However, the improving regulatory environment and the rise of pro-crypto policymakers have provided some relief for the coin.

Source: https://99bitcoins.com/news/xrp-struggling-but-will-these-2-key-developments-rejuvenate-ripple-bulls/

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