Having grappled with the lawsuit filed by the US Securities and Exchange Commission (#SEC), Ripple brought nothing but harm to XRP investors in the first weeks . In the 73-page indictment prepared by the SEC, the news that Ripple executives were selling large amounts of XRP and such, shocked investors. Despite these, Ripple did not back down and declared that it will continue to work with XRP for the Ripple network.
🚨New Ripple Herald Before XRP Litigation Date
Ripple's official response to the court ahead of the lawsuit on February 22, 2021 actually initiated the initial mobility for the XRP price. XRP, which rose to $ 0.70 with this news, was later pulled to $ 0.35. Now, an important and big news about RippleNet has caused the price to rise again.
In the post published by Ripple, it was announced that RippleNet has officially received SOC 2 certification. This can be described as a certification that proves that RippleNet's products have the highest level of security and privacy. Ripple, which managed to get the highest grade in the audit conducted by an independent institution, actually gave an important message to the markets.
🚨What Does the SOC 2 License Mean?🚨
Ripple's core product and target market is known as cross-border payments with the global. A transfer that traditional competitors can do in 1 week can be completed in 1 day on RippleNet. In this way, RippleNet managed to acquire more than 300 important institutions and financial companies before the trial. However, after the trial, participation in RippleNet also stopped. Ripple has now demonstrated that it will continue to work on this issue by obtaining an important certification and has shown that it is quite ambitious.
XRP price also rose right after this development, attracting the interest towards ETH. XRP, which has risen 10% in the last 24 hours, is trading at $ 0.42. The main target of the XRP / USD trading pair is known as $ 0.70. The FOMO creation of this news could bring with it another sharp rise for XRP. However, it is necessary to be careful against hard sales.