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?
From the way things are going now it is pointing to facts that Ripple is a strong token. It has not crashed as expectd even though it lost its positio on the market log. It will be a few weeks perhaps for it to be up thwre again. Am beginning to fancy this token more than I did in 2020 and will continue to buy more whenever is goes down in price.