r/XRP I ignore all the new crypto projects and 've been holding only xrp for a few years. Just a week after the US SEC lawsuit filing, the XRP (Ripple) price plunge to $0.171. Ripple, Inc. now awaits the decision on an order to dismiss the claims, which would translate into a court order stating that Ripple did not mislead its investors into buying a security. Looking at XRP as a vehicle for speculation, as some cryptocurrencies have become, there is an expectation of buying XRP, seeing a rise in the price and then selling for profit. Anybody whos buying and selling XRP in the United States would have to get a broker-dealer license.. Due to this, XRP (Ripple) has faced massive dumping by its former founders causing the price of the altcoin to plunge. On 22 December 2020, the SEC announced that it had "filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing . By April 2017, XRP rose to $0.05; the gradual climb soon continued as it reached $0.25 in May. Disclaimer. Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchenss quote: Being a writer is what I am, rather than what I do. Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration. Additionally, it requested an FOIA from the regulatory body to shed more light on the issue. Ripple will concentrate its efforts outside of the country if it loses its lawsuit, effectively operating as it has since the SEC sued it in 2020. Both parties were expected to file responsesto the motion, which Ripple primarily pursued. In an interview with CNBC, Cory Johnson, Ripples chief market strategist in defense of XRP stated: We absolutely are not a security. If the bulls can break above $0.38, then XRP could be heading toward higher levels in the near future. It uses a similar remittance process used by banks and financial middlemen like SWIFT for international money and security transfers. JP Morgans North America Equity Research also published a report earlier this month stating that the XRP asset is poised for significant adoption. [INVESTOR] Please join us in welcoming the XRPetc ETC Group physical XRP (Ticker: GXRP) to the London Stock Exchange on April 22, 2022. It is the native currency of the Ripple network, which is a decentralized payments platform that is designed to be faster and cheaper than traditional banking systems. For the most part, the cryptocurrency Ripple (XRP) doesn't encourage or advocate the use of Internet listings or exchanges, and it makes no claims about them. XRP recorded 15/30 (50%) green days with 2.78% price volatility over the last 30 days. XRP/USD trading may be done on a number of different exchanges on the internet. The swiftness of transactions surpasses other cryptocurrencies and beats that of SWIFT wire transfer, the commonly used system in traditional banking. Can XRP reach $1 soon? However, it is not so simple for XRP. David Schwartz On The Future Of The #XRPL #technology #RIPPLE #XRP #CRYPTO "What tends to happen with new technology is we first use it to make existing We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. SEC vs. Ripple: XRP Price Prediction After Lawsuit, SEC vs. Ripple Case will likely end in 2022, says Ripple CEO, Ripple Price Predictions by Cryptopolitan, Ripple price analysis: XRP skyrockets above $0.4126 as the market awakens. Its just we would no longer be a US taxpayer where we paid probably order magnitude of a couple hundred million dollars in taxes here in the United States and I just think that it doesnt serve the US agenda to drive us offshore., Featured Image: Shutterstock/lassedesignen, Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology, Bitcoin Ethereum Trading Due to the differences between Ripple XRP and other cryptocurrencies, it also has some advantages. With the Ripple network, banks can send money around the world in a faster, more cost-effective, and easier manner. The price of Ripple is expected to surge to a maximum price of $11.95. The SEC lawsuit complicates the whole issue even further. This is a significant coup for Ripple, demonstrating the companys commitment to building a full-scale Ripple payment network. The company has sold about $1.2 billion in XRP since then, according to Messari. OneCoins Founder Crypto Queen Already Dead? Bitcoin Reaching $25K Mark Setting an All-Time High in History, Crypto Weekly News: PayBito Halts XRP Trading, Cryptos New All-Time Highs, and More. The Relative Strength Index is declining and has moved below the 50 levels, indicating that bearish pressure might dominate in the short term. The SEC does not consider XRP tokens to be a traditional stock corporation, but rather a commodity token. What do you think about the claims XRP is a commodity and not a security? A Few Factors To Consider, How To Send Cardano From Ledger Nano S To Bittrex, How To Transfer Tokens From Kucoin To Metamask, How To Do Your Kucoin Taxes In A Simple And Straightforward Way. It's worth noting, though, that some of the experts think the coin will remain under $1 in 2025. Following the SECs action against Ripple, the price of XRP on Coinbase has taken a significant hit. Amicus isan individual or organization that is not a party to an action but who volunteers or is court-invited to advise on a matter before the court. Ripple Labs Inc. has previously filed a motion for summary judgment in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Visit our Bitcoin Markets tool to get real-time price updates, and head over to our Blockchain Explorer tool to view all previous BCH and BTC transactions. But unlike other cryptocurrencies like Bitcoin, XRP is not mined but minted. In the long-term projections, Ripples Network is expected to continue declining further and reach a low of $0.14 by 2025. This led to the value of XRP plummeting to as low as $0.166. As more customers use XRP in their payments flows, its clear there is real utility here. Visit our. Panellists differed on the matter in the discussion, and many of them expressed their opinions on Quora. If the Ripple platform enjoys mass adoption within the next few years, CryptoNewsZ predicts, XRP could rise to as high as $1.50 in 2025. It is essential for the whole of the industry to have a thorough understanding of any duties, and regulatory expectations set out by the SEC, the U.S. Commodity Futures Trading Commission (CFTC), and any other financial compliance agencies. The maximum price XRP can attain will be $7.13, with a price change of over 243% from the current price. This makes it a better alternative for banks to facilitate cross-border payments, as its XRP transactions are exceedingly fast. In a lawsuit filed earlier this year, investors claim that Ripple Labs Inc. misstated the benefits of XRP, a digital asset created by the company. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals. Indeed, theres LBRY CEO Jeremy Kauffman warns that the court decision threatens the entire U.S. cryptocurrency industry by setting a standard that would deem almost every cryptocurrency a security. As the community pushes for action: It will be good to see this snowball! Furthermore, as the network grows in size, the transaction cost increases. Coinbase has a long history of supporting the XRP community, and we will continue to do so as the situation changes. The Securities and Exchange Commission has sued Ripple, and the cryptocurrency exchange Coinbase has delisted Xrp. On Dec. 22, the US SEC filed a lawsuit against Ripple alleging that XRP was a security. In its preliminary reply to the lawsuit filed by SEC on Jan. 29, Ripple claimed that the SECs action is contrary to its mission to bring order to markets. Since the beginning of the week, the price of XRP has dropped by 1.51%. However, the exact status of the token may be, in the end, a matter of regulatory approval. At least I know what I'm betting against. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. The news about Ripple and XRP is generally positive, as the company seems to be making progress in its goal to make XRP a widely used currency. If the district court in California rejects the motion to dismiss the lawsuit and eventually decides that Ripple has been breaking the law by selling an unregistered security, the price of the third-largest cryptocurrency will be at risk. A small amount of XRP is taken during each transaction. However, many in the industry believe that cryptocurrencies act more like commodities than securities and would prefer them to be treated as such, subject to the Commodity Futures Trading Commissions rules. The first lawsuits against Ripple Labs Inc., developer of the Ripple payment protocol, were filed by investors about two years ago. The Stochastic RSI for the daily time frame is also at the bottom (18); thus, there is a huge potential for the upside as far as there is no negative news in the crypto space. However, the U.S. Securities and Exchange Commission can always argue its own case. The current CoinMarketCap ranking is #6, with a live market cap of $20,295,207,151 USD. When investing your capital is at risk. Ripples Q2 profits report revealed that even with XRPs price dropping, the demand for their On-Demand Liquidity service increased ninefold yearly. Whether it will reach new highs or continue to grow steadily remains to be seen, but there is no doubt that this crypto asset will continue to play an important role in global financial institutions. Ripple is expected to trade at a maximum price of $17.09. The lynchpin of the bill is the codification of the US Supreme Courts decades-old standard for determining when a financial offering is a security, i.e., theHoweytest. The court allowed the entities to file an amicus brief in favor of either Ripple or the SEC, and the last day was November 30, 2022. Ripple price analysis shows XRP has declined by 5.84% after giving away the January gains. Thanks, this is the answer I'm looking for. According toCoinpedia, even with the lawsuit hanging over its head, Ripple XRP will trade at an average of $20 in the next five years. According to areportby The Daily Hodl, on September 23, during aninterviewon CNBCs Crypto World, Garlinghouse said: You have to remember that 99.9% of XRP trading has nothing to do with Ripple the company. XRP price has experienced a sharp decline this year, and the massive sell-offs from investors holding more than 10 million to 100 million XRP is one of the primary factors behind it. But even a victory for Ripple in the case might not bring an end to its troubles with XRP. Panellists predict a median price of USD 3.61 and a median price of USD 2.98 by 2025, respectively. It has a circulating supply of 50,799,084,881 XRP coins and a max. XRP is a cryptocurrency that was created by Ripple. When Ripple launched its cross-border payment network in 2005, it used the XRP currency. Our site frequently provides you with hints for downloading the maximum quality video and image content, please kindly search and locate more informative video . Given how past developments or even announcements have led to an increase in the value of XRP, the currency might reach $2. ODL sales totaled an impressive $2.1 billion in Quarter 2 alone! The 76-year-old Howey Test doesnt seem helpful when applied to cryptocurrencies like XRP. Ripple will then rise in value to $2.45 in 2028, and $3.81 in 2030. With the use of the XRP token, the company intends to lower the cost of using Ripples network and increase transaction speed. Customer service and standards based on central bank criteria are different at each exchange when it comes to trading the XRP currency. Ripple continues to expand its operations to other regions like Asia. Some of them are: This is one of the most significant selling points of Ripple technology. Other cryptocurrencies are being accused of causing damage to the environment brought by their carbon emission, but XRP is free from blame. However, it returned in 2012 as Ripple and launched the XRP token soon after. In December 2020, Ripple was slapped by a lawsuit by the US SEC alleging that XRP is a security subject to the registration requirements of the federal securities laws. In the current market, there are 49,377,587,823 XRP. Coinbase is one of the most popular cryptocurrency exchanges, and listing XRP would likely increase its visibility and adoption. The XRP ledger, which was originally developed in 2011, is currently made up of XRP, which is the native asset. While the exact reason for the price decline is not clear, it is likely due to a combination of factors including the overall bearishness of the cryptocurrency market and concerns about the future of the Ripple network. AfterRipplefiled its redacted reply to the SECs opposition in court to the motion for summary judgment, theclosure of the caseappears to be on the horizon. This indicated that, for the first time, the companys XRP holdings were less than 50% of the overall supply. The price has been consolidating between $0.56 and $1.39. Ripple (XRP) is going through a series of attacks as it enters attack mode. With just an internet connection, you can complete various transactions. Ripple could surge to a maximum value of $1.89 during 2026. The maximum price of XRP in January 2024 will be more than $2. Its also possible that XRP will never be officially listed as a security or commodity. Upon the announcement,some exchanges delisted XRPfrom their platform. According to CoinQuora, if crypto stabilizes and returns to a bull market, the currency will reach $10 in 2022. things might go south for XRP. The SECs handling of the Ripple case has elicited strong public opposition. Ripple continues to be locked in a court case trying to establish the status of XRP. But at the dawn of 2020, dark clouds began to form and a bolt of lightning struck Ripples XRP. The upper resistance is around $0.38, while support is located near $0.3445. Could it be because Elon Musk has now joined Ripple and charged straight into the United States Securities and Exchange Commission (SEC)? Investing in or trading cryptoassets comes with a risk of financial loss. Based on their analysis and current XRP price prediction, the value of XRP is predicted to drop by -4.30% and reach $0.350809 by February 18, 2023. As SEC loses ground in its suit against Ripple, the odds are for a turnover of Ripples fortune. There are several reasons why experts believe that XRPs future performance is promising. But it will most likely not happen next year. The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. The upper resistance is $0.40, while the lower support is $0.30. Who is the owner? I think its very clear there is no investment contract If you get past the investment contract, which I think is hard, across the Howey Test, you have to meet all three prongs, and in the case of the XRP case, you cant meet all three prongs for sure. When news of Gary Genslers appointment as the new US SEC Chief,Ripple CEO Brad Garlinghouse expressed in a tweet that they are ready to work with the new SEC leadership. This was panned out in the case of the 2017 crypto industry bull run. XRP has fought for acceptance and is viewed as a wildcard in the world of crypto, possibly bouncing off its current lows. To be honest, first when I saw that video I thought he was crazy. Bottom Line. The website makes predictions based on the past performance of the coin and analyzes various technical indicators. Christine Vasileva is a financial news and business writer, tracking the latest developments in fintech and the effect of blockchain and crypto-assets on global business and finance. Ripples XRP tokens are estimated to be worth nearly $60 billion, and they will be valid for years to come. It provides products for asset exchange, payment settlement, and remittance processing. [The SEC is] dead wrong legally and factually.. Thats saying a downturn exposes those taking on excessive risk when times were good. Early 2021 was supposed to continue the rise in XRP value, but that could not happen due to the SECsannouncementof a lawsuit. No one at the Department of Justice has ever made a statement about whether XRP is safe to be classified as a security. As a consequence, a judgment of this kind would certainly result in XRP being treated in the same manner as conventional securities, which may restrict both its adoption and usage. The outcome of the lawsuit, as well as its effects on Ripple and XRP, will have a significant impact on the future. XRP is a Commodity - All The Money - What Price Can XRP Reach? According to a company statement, its new cross-border payment solution, xRapid, will allow banks to send money from one location to another. For this same reason, he noted: Ripple will likely prevail against the SEC claim Ripple must register its tokens like a security. Before 2017, the assets value hovered around $0.01, but this soon changed as the token began to gain wider coverage, and it also leveraged on the bull run of the crypto industry in that year. Next up, 40% in a year! Ripple plans to add functionality such as staking and yield-generating functionalities in the future. XRP forecast for 2028 also has a maximum price target of $3.94. What will happen to Xrp if it wins the lawsuit? Ripples legal representatives asked the district judge to dismiss the case on Dec. 4, 2019. If #XRP will be classified as a commodity then the price will hit $589+ in minutes! If Ripple breaks the crucial resistance level of $0.4100, that will be a sign to reconsider its previously bearish outlook, with it being the next key area at $0.34. The SECs argument that anything other than the *way* something is sold is a security is a big load of nonsense. No, not at all. Many of those holding the token also sold in panic. https://t.co/jKZwye17uZ. XRP can be used in the same way that any other digital currency is, whether for purchasing goods or investing in the future. Central banks can use a variety of secure, controlled, and flexible solutions to manage digital currencies. Instead, the Ripples are irrevocably destroyed. The limit for XRP coins is set at 100 billion coins created by the company. It also updates its prediction in real-time to reflect sudden market changes and news events. If its a commodity, it falls under ours.. Wild Predictions Call XRP to Break Above $500 The token could increase in value by as much as 25% based on Ripples lawsuit against the SEC. The Ripple price prediction for 2028 suggests XRP coin prices could potentially trade at a minimum price of $2.27 and an average value of $2.34. Put simply, Bitcoin and Ethereum are more like bank accounts. In 2018, a debate over XRP (Ripple) as security ensued following a statement issued by the US SEC. On the other hand, if Ripple is able to defend itself against the arguments presented by the SEC effectively, it may be considered a significant triumph for the firm as well as a favorable sentiment for XRP.

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