The cryptocurrency community is abuzz with concerns about XRP's lack of movement, with some critics labeling it a "dead coin." However, Ripple CEO Brad Garlinghouse is surprised that XRP's well-defined regulatory status in the US is not being recognized by the market. Despite a court ruling in July 2023 declaring XRP is not a security, its price has remained stagnant, puzzling Garlinghouse.

After the ruling, XRP's price surged over 100% but later dropped by 50% and has remained in that range for months. Garlinghouse is perplexed that XRP's regulatory status is not being acknowledged, even after being relisted on major US exchanges like Coinbase and Kraken. Grayscale's investment products have also reinstated XRP, but its price remains unchanged.

BarriC, a prominent XRP supporter, has countered the notion that XRP's price has been stagnant since 2017. He highlighted XRP's price ranges across different seasons, showing its performance over the years despite facing challenges. BarriC believes XRP's unique circumstances, including the Ripple lawsuit and delistings, have affected its price movement. He advises looking into the project's future, predicting an explosive move in the next bull run.

In conclusion, XRP's regulatory status is being overlooked by the crypto market, according to Ripple CEO Brad Garlinghouse. Despite its well-defined status, XRP's price remains stagnant, puzzling Garlinghouse and other supporters. However, BarriC's analysis suggests that XRP's price movement is unique and that the project's future holds promise.