---
title: "XRP price disappoints after court ruling, Deaton remains optimistic"
url: https://diffcoin.com/xrp-price-disappoints-after-court-ruling-deaton-remains-optimistic/
description: "Despite a brief rally, the XRP (XRP) price did not reach anticipated levels after a recent favorable court ruling for the token. Among those with…"
published: 2023-08-06
updated: 2023-08-06
author: "Mila"
site: "Diffcoin"
---

# XRP price disappoints after court ruling, Deaton remains optimistic

Despite a brief rally, the XRP (XRP) price did not reach anticipated levels after a recent favorable court ruling for the token. Among those with ambitious price targets for the cryptocurrency is pro-XRP lawyer John Deaton.

Deaton [addressed](https://twitter.com/JohnEDeaton1/status/1687857976734863360) a post from a user named Moon Lambo on X (formerly Twitter), who criticized complaints from certain investors about slow price gains in digital currencies year-to-date. Moon Lambo said XRP has grown by 85% this year, implying a positive overall trend.

Several weeks have passed since Judge Analisa Torres delivered the highly anticipated ruling that XRP is not considered a security in certain circumstances. This decision caused a significant surge in the price of the cryptocurrency within the broader Web3 ecosystem.

> It’s all about expectations. Unless we were in a full bull market – led by [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) – I never believed XRP would hit an ATH, even after a good ruling and I said that when asked about my expectations on price (although I did expect it to break $1 tbh). But until [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) breaks… https://t.co/alMOGfHne6
> 
> — John E Deaton (@JohnEDeaton1) [August 5, 2023](https://twitter.com/JohnEDeaton1/status/1687857976734863360?ref_src=twsrc%5Etfw)

In response, Deaton stated that some users’ disappointment stems from their expectations. While he didn’t anticipate XRP reaching a new all-time high after the ruling, he did expect the price to surpass the $1 resistance level.

However, neither of these scenarios unfolded despite the token experiencing a significant surge of over 70% following the ruling to hit $0.84.

XRP reached its all-time high of $3.84 over six years ago. While surpassing that price level may be overly ambitious, Deaton remains optimistic that getting $1 is possible.

***Related:*** ***Ripple CEO slams SEC over the use of XRP report in lawsuit***

However, the lawyer said it is linked to the price of Bitcoin (BTC). Although not a market analyst, Deaton expressed his belief that unless BTC retests its all-time high, significant bullish momentum in the price of XRP is unlikely to be seen.

XRP trades for $0.6283 at the time of writing.

***Magazine:*** ***Girl Gone Crypto thinks ‘BREAKING’ crypto news tweets are boring: Hall of Flame***

[Source link](https://cointelegraph.com/news/xrp-price-disappoints-after-court-ruling-deaton-remains-optimistic)