With the SEC currently labelling everything a security and recently the market experience generalized sell offs of across ALTS. It's crazy to think about XRP which was sued by the SEC Dec. 22nd 2020. Prior to the suit XRP was ranked #3 by marketcap and had a price of $.53 after the lawsuit was announced the price dropped more than 50% in in less 24 hours dropping to ~$.25 by Dec. 23rd 2020.
But XRP keeps chugging along, with the price currently at $.47, XRP is hanging out around its pre lawsuit price, and it's marketcap is currently above the prelawsuit marketcap – due to an increase in the circulating supply.
Despite the ongoing SEC suit and a bear market – XRP is firmly cemented as #6 in marketcap and doesn't appear to be going anywhere. Perhaps this is a indication for other alts who have recently been called securities by the SEC (ADA, SOL, Matic) or perhaps XRP is an exception – regardless it's absolutely wild to think about the state of the market.