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?
Whatever the outcome of the SECs legal proceedings against ripple will be, im bullish about xrp because i do not think that ripple can be closed down now, even the worst decision expected would be a settlement or fine which will not be a massive deal for xrp team so im expecting xrp to be back in the game.