Post
Topic
Board Altcoin Discussion
Re: CAN RIPPLE SURVIVE?
by
kevinzxz
on 30/01/2021, 16:39:54 UTC
Ripple (XRP) has been suffering series of hindrances from regulatory body (The US SEC) since late last year. The attack led to a litigation in a US court leading to panic sales of XRP from majority of their investors. The litigation in the US saw the co-founder of XRP who happens to be the CEO of Stellar XLM sold his XRP. This created more fear among the investors before XRP started to gain the market loss back in January.

Another report came out a week ago that the UK treasury has classified XRP as non-security asset and this is different from the law suit by the US SEC filed against XRP.

Will this mean the XRP might be back to it's position in the Cryptocurrency community soon?

in my opinion for now Ripple is still survive in cryptocurrency community, although many exchange have removed Ripple, but Ripple is still in the top 5 on coinmarketcap and even the price has increased 37.90% from the last 7 days, so of course this proves that Ripple will still survive in cryptocurrency community and there are still many people who believe to investing in Ripple, therefore I think now is the right time to invest in Ripple, because if Ripple gets a positive response or good news, then of course the price of Ripple will definitely increase very high and give you a big profit but with a big risk too, because if Ripple gets a negative response, then of course the price of Ripple will definitely go down.