Greetings to all readers of this great platform, especially for those who make life within the great community of #ProjectHOPE, in the present opportunity I want to share once again with you information that goes related to the blockchain, in which I bring a specific case referred to the problem faced again by Ripple and the collapse of the XRP token once again, mainly due to the actions of the SEC against a possible appeal in court.
 Screenshot taken at: Binance |
|---|
The reality of Ripple and XRP is that its problems do not end, to enter in context of the subject we must remember the legal problems it was going through, since a few years ago it had a lawsuit by the SEC where they were accused of not being a cryptocurrency, but a securities asset, so it had to be listed by the stock exchange and with permission from the SEC to do so, on the other hand, this lawsuit was being appealed by Ripple demonstrating that they are not securities assets.
The trial really lasted a long time, but a few days ago I informed you in one of my publications, here I share the link :,where the end of the trial was reached and with it the victory of Ripple, this is where the explosion of the price of XRP was reached where it reached a really good price, increasing by about 70% for those days, from there looking to stabilize and continue.
But as they say over there, there is always some problem that does not let everything go well, yesterday the crypto market had a big crash, which has as main figure the BTC down 10% with it the whole market in general and XRP is no exception, as it also suffered its great impact due to this, but it was added a second causal which really hurt much more the project and the price of XRP, where you can see the loss of 20% of its value.
Well what happened is that the SEC requested an appeal of the trial and it had a great impact yesterday, when the judge decided to receive the arguments of the same and give Ripple a date for its defense once again before September 1, really this situation has greatly impacted the price of XRP and once again falling sharply with 2 negative and forceful situations, you really have to be cautious at the present time and wait a little that can happen.
Regardless of the challenges they face, I am confident that XRP will ultimately overcome them. To me, this seems like a strategy to allow Ripple to expand further. Both the company and the community are well aware of this. What's interesting is that people continue to accumulate XRP regardless of the circumstances. Personally, I have been staking my holdings on various exchanges where I store them, ensuring their security for the future.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit