Gurus Share Their XRP Value Predictions For The New Year
The cryptocurrency market push more than $1 trillion comes as XRP, the digital token created by the company Ripple and the fourth largest cryptocurrency by value, added a staggering 30% over the last twenty four hours.
About Ripple (XRP)
RippleX makes it easy for entrepreneurs and developers to eliminate the pain and friction that comes with integrating blockchain technologies into the applications of theirs. Through tools, services and programs built on the XRP Ledger, RippleX enables developers and their users to send and receive payments across any currency, geography and network.
You will find a few things though that affect the price tag of XRP , for instance liquidity, intraday volume, and whether it is bought or perhaps sold during the week. Each one of these factors are going to affect the price tag you are able to expect to make from trading in XRP.
Ripple In the News
Several of probably the latest current Ripple news items of interest include unemployment figures, housing starts, new home sales, auto dealer reports, and mortgage applications.
Ripple’s objectives and its very own financial reality have compelled it to actively seek to offer and sell XRP as widely as possible, while controlling supply and demand in the resale market to manage and control liquidity for an imagined, future “use” case.
Ripple tried to settle charges of conducting unregistered securities transactions with the U.S. Securities and Exchange Commission (SEC) before the federal regulator sued it in December, CEO Brad Garlinghouse said Wednesday. In a Twitter thread, Garlinghouse addressed what he described as 5 “key questions” about the SEC’s suit against Ripple, though he warned that he was limited in what he could say as the case is actually ongoing.
At the end of 2020, Ripple hit back at the SEC, accusing the agency of creating more uncertainty because of the “dangerous lack of regulatory clarity for crypto in the U.S.” The company blasted the lawsuit, saying it affected “countless innocent XRP retail holders with no connection to Ripple.”
The SEC is actually taking the stance that Ripple engaged in this illegal securities offering from 2013 to the present, even though Ripple received legal advice as early as 2012 that under certain circumstances XRP could be considered an “investment contract” and therefore a security under the federal securities laws.
Given Ripple’s prominent business relationships and XRP’s market capitalization, the SEC’s case could have far-reaching implications. A flurry of moves by players in the crypto ecosystem since last week is indicative of the case’s seriousness. Buyer – and investor – beware.