Post
Topic
Board Altcoin Discussion
Re: Will Ripple (XRP) price will it recover or will it dump more?
by
tvplus006
on 27/01/2021, 17:26:42 UTC
It seems that at this time XRP cannot get back up like before. However, if the Ripple side can fight the allegations from the SEC and can provide a response that can win arguments in court. Then the major exchanges in the United States will re-list XRP and the price will rebound.
Do you think it's easy to avoid all of the evidence that already provided by SEC?
So many projects have been loosing when they were arguing with SEC about the allegation. It's not an easy battle that can be winning by ripple. That needs a very long process and SEC will always try to take the chance to win against ripple.
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Last year, there was a similar situation when the SEC won a court case against Kik. In court, it was proved that Kik violated the securities law by selling its coins in the course of an ICO in the amount of $ 100 million. But still the Kin coin https://coinmarketcap.com/ru/currencies/kin/ did not disappear, but instead showed an increase of 800% after the Kik campaign paid a fine as a settlement with the SEC.