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 think Ripple can still survive, because there are still many people who support and believe to investing in Ripple,but if the lawsuit from SEC is true and SEC wins against Ripple, then it will be bad for Ripple, because everyone will no longer believe to investing in Ripple and of course Ripple will not be able to survive.