People think I'm nuts also. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . It will ultimately benefit both Ripple and XRP in the long run. Dogecoin Price Prediction: DOGE Remains Unchanged Despite Musks Tweets, Crypto Prices Are Dropping, But Technical Indicators Signal Bull Run Coming, Top 5 Meme Coins Expected To Make A Surprise Rally This Week, Best Cryptos To Buy Ahead Of The Next Bull Run, Ethereum Price Prediction - Could ETH Pass The $1700 Resistance Key Level. The Ugly Truth About Pump And Dump Schemes In Cryptocurrency. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. WebAt the end of 2020, the company faced an SEC lawsuit that put the Ripple future under threat. According to the graph, a bearish breakdown of the $0.3750 support zone would pull it down until the next support area of $0.3702 or $0.3620. Could Bitcoin Hit $200 Trillion Market Cap By 2032? Although XRP suffered a loss of nearly 60% in price after the lawsuit began, it has recovered despite being subject to scrutiny in the US market and exchanges becoming wary of accepting XRP trades. And even If you put 100 200 a month lets say you wait 10 years and it goes up x10 that's a great return on investment. This cookie is set by GDPR Cookie Consent plugin. XRP is the preferred choice for traders when it comes to exchanging currencies. XRPs performance wont only depend on the lawsuit, however. So if youre waiting to hear the outcome of the case to jump in, youre going to be too late. Despite a federal suit brought by the Securities and Exchange Commission accusing it of misleading investors about its XRP cryptocurrency, Ripple Labs obtained access to SEC documents. Despite the current market conditions, it is important to note that XRP has a bright future. 60 - 100 comment karma. It acts as a bridge between traditional fiat currencies and other cryptocurrencies. Im not even invested heavily in xrp, but I honestly think the signs are there as predictive programming. If Ripple is found to have sold XRP as an unregistered security, it would be required to register the token with the Securities and Exchange Commission (SEC). XRP Price Prediction 2022 By the end of 2022, the price of XRP is projected to be $1.76. The key feature that distinguishes Ripple blockchain is its build schematics. WebFind out Why XRP is Going to Explode in 2022 Ripple ( XRP ) showed significant growth in the past year. The crypto is currently trading at $0.374949, although significantly down from its 2018 all-time high of $3.84. According to him, it may be too late for those waiting for the outcome of the case before buying XRP because the ongoing lawsuit between Ripple and the SEC could eventually clarify the regulation of the XRP digital token, which is highly optimistic for the token. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. But it could also be a major boost for XRP specifically. I cant say. Started May 15, 2021, By The experts in the field of cryptocurrency have studied the price fluctuations and changes in XRP in recent years. Will The Price Of XRP Continue To Rise Or Crash To Zero? Ripple (XRP) has a large following among cryptocurrencies. What changed in 2 years made the SEC file a lawsuit against Ripple. The most secure way to store XRP is through hardware wallets, which are the most secure. Waiting to learn the outcome of a case is not a good idea. That's all I needed to hear. And yeah, you're absolutely right. This is not financial advice. So youre placing your bets right now, and if your bet pays off and XRP wins, XRP is going to rocket, and then everything else is at the mercy of the SEC, and we dont know whats going to happen., XRP/USD 4-hour chart | Source: TradingView. 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After the SEC filed its lawsuit against Ripple in December, the price of XRP fell by more than 60%, from close to US$0.60 the month before to US$0.25, and many exchanges delisted XRP. By burning the coin, the existing supply of the coin is reduced to only half of its original size, allowing it to be 50% more valuable. So, it looks like DeeMoney, a partner of Ripple, has entered into a partnership with Visa to fully integrate Visa Direct into its global payment platform. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Powered by Invision Community. And assuming that this is a favorable one for Ripple (i.e. On the other hand, if Ripple is cleared of any wrongdoing, the price could rise. DailyCoin is an online media outlet, with a focus to cover blockchain and crypto news, opinions, trends and helpful articles. He added that the business would leverage Ripples On-Demand Liquidity technology to streamline its cross-border payments. Analytical cookies are used to understand how visitors interact with the website. He also tweeted that Ripple's attorney will strongly recommend a settlement if the SEC accepts in writing that all current and future XRP transactions are not securities. This is not financial advice and Im not a financial advisor, XRP is suppressed due to Chinese New Year. Ripple has successfully positioned itself as a secure and scalable cryptocurrency in the market with its excellent features. This has led to a lot of uncertainty around XRPs status and future, as it could potentially be subject to penalties and fines if the SECs case is successful. It is an open-sourced, decentralized ledger powered by a community devoid of a central authority. This article is for information purposes only and should not be considered trading or investment advice. And if youre thinking about getting in on the action, it might be worth considering now while the price is still relatively low. Sign up for a Binance account here (Discount 10% trading fees):https://accounts.binance.com/en/register?ref=29171587, [Kyber Netwok] DMM Artk KyberSwap! His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. Ripple To Settle XRP Lawsuit. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. < As always, investors should do their own research before investing in any cryptocurrency. Credible Crypto, a popular pseudonymous crypto analyst and trader, has predicted that the price of XRP is poised to explode once the lawsuit between Ripple, This is a positive catalyst for XRP price as it would significantly increase the adoption rate. without having to pre-fund nostro accounts. XRP, the Ripple network's native token, can be used as an interexchange mediator. WebRemember, governments cannot control BTC and how people use it. Most experts believe that Ripples price will rise to $250 to $300 within ten years, according to current predictions. If this SEC lawsuit ends and I think it will, I dont know when but I think it will eventually end favorably for Ripple and XRP, and when it does end, XRP will essentially be the only crypto. Credible Crypto: XRP Will Explode after Ripple-SEC Lawsuit; You Will Be Too Late If You Wait for Outcome. So if youre waiting to hear the outcome of the case to jump in, youre going to be too late. If the lawsuit is successful, it will appear to be a positive development for Ripple Labs, as it will ensure that the company can continue to operate. With a market cap of at least $100 trillion, it is unlikely that XRP will ever reach this level, and it is unlikely to happen any time soon. However, the financial-oriented payment network increased its market cap during the emerging bull run. Most recently, MoneyGram has announced it will halt its partnership with Ripple, and the use of its XRP token, after the SEC launched its lawsuit. We focus on delivering fast and objective news about cryptocurrencies and crypto markets with a swirl of passion. Cybercriminals Target Crypto Investors With New MortalKombat Ransomware Are You Safe from the Latest Threat? If this SEC lawsuit ends and I think it will, I dont know when but I think it will end ultimately favorably for Ripple and XRP. Ripple Labs dominated the XRP pre-trial hearing last week, winning a major victory. According to the trader, the ongoing lawsuit between Ripple and the SEC could eventually provide regulatory clarity for the digital token XRP, which is relatively bullish for the embattled digital asset. -an asset with regulatory clarity to the United States. Ripple is a decentralized network that allows for fast, secure, and low-cost transactions. So well see how it plays out from here. XRP, the native token of Ripple, did not mimic its early 2018 rally when it surpassed $3. They have joined other well-known companies such as Binance US, Swipe, and OKCoin that have stopped transacting or using XRP, leaving US investors in limbo. According to the leading trader, the price of Ripple will skyrocket since the lawsuit with US Securities and Exchange Commission (SEC) is concluded. Additionally, its recent collaboration with the Japanese payment giant SBI has garnered the attention of various technical corporations across the South Pacific region. February 2023. Against this backdrop, G20 highlighted cryptos and underlined the need for a strong global regulatory framework. eToro have proven themselves trustworthy within the industry over many years we recommend you try them out. When it comes to cross-border transactions, Ripple is still the preferred choice of currency. Its high scalability and security are the significant reason why Ripple will explode in 2023 and is a popular choice among investors. Ripple blockchain supports tokens that represent fiat currency, commodities, and cryptos. Once the case is settled, you can expect the price of XRP to skyrocket. Our dedicated and motivated global team is here to deliver the highest quality content. Ripple successfully sits at the 8th position in the CoinMarketCap ranking with a market cap of $35 billion. 150 - 250 comment karma. Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Started March 12, 2019, By The Ripple platform enables you to conduct low-cost, long-distance transactions around the world, and XRP is the companys own digital currency. Ripple vs SEC lawsuit has kept the token under the headlines since December 2020. These cookies ensure basic functionalities and security features of the website, anonymously. It will almost certainly have a positive impact on XRP. Blockchain-powered Gaming Company, Affyn Adds New Virtual Lands To The NEXUS World Metaverse, Bitcoin Soars Over $25K and MEXC (MX) Hits Intra-Year High. Its utility is Bank to Bank transactions, big boy money! XRP has recently recorded a $600 million trading volume, and investors are now curious to know if the cryptocurrency can reach $10 in 2023. This growing list of partnerships and expansion will significantly affect the price of XRP. Necessary cookies are absolutely essential for the website to function properly. Is xrp token a good investment? Its value has plunged by over 4.5% over the past week, and the crypto has been struggling under the $0.3850 level while gaining support near $0.3750. 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