Earlier this week, Ripple CEO Brad Garlinghouse made the groundbreaking announcement that the SEC has decided to drop its appeal against the latest developments on the lawsuit, which he said means the case is now over.

The statement had a dramatic and immediate effect on XRPs price, even though the asset has calmed since then. But did some XRP investors have a gut feeling about the lawsuit closure, or did they know something more than the rest of us?

Did They Know?

Such a massive announcement coming from a high-profile case that was active for over four years led to an immediate double-digit price surge for XRP as it skyrocketed from $2.3 to a multi-week peak of $2.6 within an hour or so. This made it the top performer on a 24-hour scale and even helped it surpass USDT in terms of market cap.

However, that was short-lived, as XRP has erased almost all gains and now sits at just over $2.4, and USDT is back in the top three.

Santiments analysis on the matter indicated that certain XRP investors stash, holding at least a million tokens, had grown by 6.5% in the past two months leading to Garlinghouses announcement. There were multiple hints and signs that the case could actually be over soon, including other similar lawsuits ending and former White House officials claiming it was already closed.

Additionally, the analytics firm said Ripple network activity skyrocketed in March, with 6x more unique wallets interacting with it compared to previous months. This was in stark contrast with most other blockchain networks, which have seen an outflow of users in recent months.

XRP has decoupled from the altcoin pack, surging another +14% and breaching the $2.50 resistance for the first time in 12 days. Wallets with at least 1M $XRP now hold 46.4B coins, as they have accumulated 6.5% more in just the past 2 months alone. Address activity has also… pic.twitter.com/87PiB2OxeU

Whats Next for XRP?

The ever-vocal XRP army didnt wait long before it started outlining big price predictions for the asset after the landmark victory. However, theres also the opposite narrative that the cryptocurrency could actually experience a typical sell-the-news moment.

Its price shot up by triple-digits after Trumps win in the US elections last year, mostly on hype that there will be big changes in the countrys regulatory landscape. However, it has failed to maintain its run even though those changes indeed arrived and XRP was even mentioned by Trump to be included in the nations strategic crypto reserve.

Now that the hype has passed and the case has seemingly come to a close, will XRP defy the expectations and head toward a much-anticipated new all-time high, or will it tumble in a classic sell-the-news move?