Quote from: MIner1448 on Today at 06:40:09 AM

Quote from: Miaallen on January 26, 2021, 06:36:19 PM

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?

I used to believe in these coins, but soon I became very disappointed in them, not even because of the litigation. More recently, a pump group was created for the XRP coin, they shaved all the hamsters and left the group, then I see that the owners of the company sell more than 19 million coins per month when the rate is on the highs. I think this coin was created in order to cut hamsters.

I believe the CEO himself is still doing everything to make things get alright in the end. I must tell you I see only him and his social media community alone on this till the end. Most of his stakeholders are the ones selling. You'll remember the STELLAR XLM CEO is a CO-CEO at RIPPLE but he sold all his XRP coins late last year leaving the CEO himself and the social community members that believe in to all the problems.