Deaton Says It’s About Time for XRP, Hails Price Pump as Long-Overdue Win for Holders

Pro-XRP lawyer John Deaton is celebrating XRP remarkable performance, suggesting that it was about time the token demonstrated its growth potential. Indeed, the incredible performance of XRP has captured the attention of top industry stakeholders. Having reclaimed $3 just a few days ago, XRP has continued its upward surge toward loftier levels, eventually soaring above $ 3.50.  "XRP is Showing Off" Shortly after the breakout above $3.5, Michael Arrington, the founder of Arrington Capital, teased that the token was "showing off."  The accompanying screenshot shows that XRP’s price has soared 71.1% over the past 90 days to $3.53. Given XRP’s impressive run lately, Arrington suggested that it feels like the token is flexing its strength.  It’s About Time  In reaction, Attorney Deaton suggested that the breakout was a long-overdue relief for retail traders, who endured XRP’s price suppression for four years.  Regulatory pressure from the SEC and the Ripple lawsuit negatively impacted XRP’s performance. The lawsuit prompted major U.S.-based centralized exchanges, such as Kraken and Coinbase, to delist XRP, driving its price below $0.18 in 2020/2021.  Despite exchanges relisting XRP following a favorable ruling in July 2023, its price performance remained subdued. This was due to subsequent appeal filings by the SEC and Ripple, with some suggesting the lawsuit could linger until 2026 in the Second Circuit.  However, the regulatory tension eased after the former SEC chairman, Gary Gensler, stepped down in November 2024. Moreover, the SEC and Ripple have agreed to withdraw their appeals. These developments paved the way for widespread retail and institutional adoption, eventually pushing the price above $3.50.  Speaking on behalf of the 75,000 XRP holders he represented in the Ripple case, Deaton emphasized that it was time for the XRP price to take off. According to him, the rally was long overdue. https://twitter.com/JohnEDeaton1/status/1946010016877584459 Mixed Reactions Trail XRP Rally  Indeed, XRP’s latest rally has brought smiles to the faces of early investors who endured the storm. Specifically, widely followed analyst CrediBULL shared how his meager investment of $10,000 in XRP had ballooned to over $180,000.  In December 2019, CrediBULL acquired 53,692 XRP for $10,000, with each costing $0.1835. At the time, he projected that the value of the investment would increase over the next four years, allowing him to purchase a Lamborghini.  In an update yesterday, CrediBULL disclosed that the investment was valued at $186,000. With XRP hitting $3.65 today, the valuation of the 53,692 XRP tokens rose to roughly $196,000. While most investors have seen incredible gains on their XRP investments, some, like Barstool Sports founder Dave Portnoy, are in regret. In a tweet yesterday, Portnoy admitted feeling guilty for selling the token too early and missing out on the rally.