Ripple's XRP is facing challenges staying above the crucial $2.40 mark, as it remains stuck below this critical price point. Despite their CEO Brad Garlinghouse's recent meeting with former President Donald Trump, XRP hasn't experienced the usual boost from such high-profile events.
Legal experts like Jeremy Hogan suggest that the ongoing lawsuit could be a contributing factor to these price stagnations. Ripple continues to grapple with the SEC's appeal drama, adding uncertainty to XRP's market performance.