Last year, Ripple (XRP)
price showed a great pump but as the news of SEC file a lawsuit, XRP price crash to $0.19. But people says XRP, is a currency that shouldn’t be subject to securities laws.
XRP is a coin that will be subject to security laws.
1) It a centralized coin and any government organisation can intervene in the activities or problems that involved XRP legal issues.
2) Every crypto company that hosts an initial offering but broke the US SEC rules and regulations is subject to security law which is what the XRP team did when they scammed US investors through the initial offering.
What do you think will happen to XRP price for this year? will it recover or will it dump more?
The Japanese are the major holder o XRP but I still believe the price of the coin will be dump throughout this current bullish market.