Investors Will Love The Coming Ripple Price
With the total market cap of all cryptocurrencies now exceeding $1 trillion, Ripple‘s price is also rising as it recovers from a Christmas week crash.
About Ripple (XRP)
RippleX makes it easy for entrepreneurs and developers to take away the pain and friction that comes with integrating blockchain technologies into their applications. Through tools, services and programs built on the XRP Ledger, RippleX enables developers and the users of theirs to send and receive payments across any currency, geography and network.
The price tag of Ripple’s XRP has been on a roller coaster over the last month after a late November surge was wiped out by a lawsuit brought by the U.S. Security and Exchange Commission against Ripple, casting doubt over XRP’s future.
Ripple In the News
In addition to this, many valuable articles on Ripple news today events and undertakings can be found in the news section also. The latest price quotes for a lot of other cryptocurrencies also can be found here.
One of the things that affect the price of XRP is the overall sentiment of the community towards it. An important aspect of cryptocurrency trading is determining the direction of the current trend and how investors are feeling about it. Sentiment refers to the overall attitude of the people toward something which can either bring good or bad news. And with cryptos, sentiment can range from wildly optimistic to very pessimistic.
Several exchanges delisted or perhaps halted trading of XRP after the lawsuit was revealed.
At the end of 2020, Ripple hit back at the SEC, accusing the agency of creating more uncertainty as a result of the “dangerous lack of regulatory clarity for crypto in the U.S.” The company blasted the lawsuit, saying that it affected “countless innocent XRP retail holders with no connection to Ripple.”
The SEC is taking the stance that Ripple engaged in this illegal securities offering from 2013 to the present, even though Ripple received legal advice as early as 2012 that under certain circumstances XRP could be considered an “investment contract” and therefore a security under the federal securities laws.
The key to market sentiment and the strength of Ripple ecosystem is the existence of a strong foundation. Without such a foundation, investors are actually likely to be attracted to strong currencies that have lower costs, greater liquidity and faster growth. Nonetheless, this type of investment will require an investor who has a clear idea of the way the protocol will function in the future and exactly how they plan to manage their funds.