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?
The positives out of this situation are that the project is working and even developing new products while it is under the charges which is good and shows that the team is confident that they will come out as winners and i completely support them as they are a unique and thriving company that will bring great products for the crypto market that will help with adoption.