Quote from: Abiky on August 09, 2024, 01:31:18 AM

Quote from: ASCDO21 on August 08, 2024, 06:20:52 AM

The news says that the trial is over, Ripple needs to pay a fine of 125 million.
What are the prospects for Ripple in the future?

I think the future is bright. Especially when the SEC has given up on crypto. The agency even dropped its case against Binance's Paxos-issued BUSD stablecoin. ETH got lucky too. My guess is that Ripple (the company) will pay the fine using the stash of tokens it holds in its wallet. Market prices will drop temporarily, but things should be able to get better in the long-term (even though I'm not a fan of XRP's centralized nature).

Perhaps, now that the road is clear for XRP, Ripple will proceed with its ambitions of replacing SWIFT for global payments? One can only imagine. The future is unpredictable, so we can only hope for the best.

Certainly, the future should be bright now as all legal issue of XRP have been resolved with SEC. I have been investing and trading XRP since 2017 and it made nits all time high in 2018 (ATH) at $4 approximately, unfortunately it never went even close to this price again despite bullish markets of 2021 and 2024.

The news of its settlement with SEC should have triggered surge in its price but yet it is trading at 0.5742 which is disappoint for XRP holders. Let's watch and wait how it performs in coming days and weeks.