The potential Ripple XRP delisting from exchanges remains a hot topic in the crypto world, particularly as the SEC lawsuit against Ripple Labs unfolds. Ripple Labs is facing a lawsuit from the SEC, which alleges that XRP is an unregistered security. The outcome of this case could significantly impact the future of XRP and the broader cryptocurrency market. Coinbase opted to delist the XRP token amidst this regulatory uncertainty.

But what does this mean for Ripple's defense and the future of XRP? One perspective is that the Ripple XRP delisting could be a blow to Coinbase's defense, a crypto lawyer suggests. Australian-based lawyer Bill Morgan believes that the fact that the Coinbase crypto exchange delisted or ceased to allow the trading of XRP might negatively impact Ripple's legal standing.

The story of XRP's price volatility is also crucial. Before the delisting, This allowed the cryptocurrency to break its multi-year trading range between $0.20 and $0.30 and rocket to highs of $0.90 on Coinbase and other exchanges. This explosive rally captivated XRP enthusiasts, demonstrating the potential for significant gains. However, the SEC lawsuit and subsequent delistings have dampened enthusiasm and created uncertainty.

While XRP’s legal status is still uncertain, the delisting from major exchanges like Coinbase raises questions about its viability in the US market. Legal experts are divided on the long-term implications, but the connection between exchange listings, perceived legal compliance, and overall market sentiment is undeniable. The SEC's case hinges on classifying XRP as a security, and Coinbase's decision might be seen as an acknowledgment of this risk, a perspective that Morgan seems to echo. The future of XRP remains tied to the legal battle and its ability to regain the trust of exchanges and investors.