1Anno·

Ripple's XRP on the verge of a new upswing? $XRP (+0,05%)

Ripple's cryptocurrency XRP has been among the top ten by market capitalization since 2013. Once in second place behind Ether, it is currently in 7th place, but XRP's performance has been weak recently.

One of the main reasons for this is the long-standing legal dispute with the US SEC. Since the end of 2020, the lawsuit over the sale of unregistered securities has impacted price performance.

A token unlock was carried out on July 1, bringing one billion new tokens onto the market. Of the total of 100 billion XRP, around 55.7 billion are currently in circulation.

Some experts expect the legal dispute to be resolved soon. As a compromise, Ripple has proposed a fine of up to three billion dollars.

Institutional investors and ETFs are still waiting, but Ripple President Monica Long emphasizes that XRP is well positioned due to its longevity and high trading volume.

BeInCrypto reports that the lawsuit could potentially end in July, which would be a positive development for XRP. According to Crypto Magazine such a decision could raise the price of XRP to 1 US dollar.

Sources:

8 Commenti

Utente eliminato

1Anno

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JtoTheB@JtoTheB

1Anno

@PowerWordChill It's more about an opportunity to make a trade instead of investing for the long term. It's something for the gambling portfolio.
I agree with you in the long term. However, as is the case in the crypto world, the coin doesn't always need a functioning business case 😉

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MoneyIncinerator@DoppelSchlechtMinus

1Anno

@PowerWordChill There are several banks that work with Ripple for international transfers and thus also generate volume in XRP. Ripple is also currently working on partnerships for a stable coin. So it may not be the most exciting crypto project, but the potential is there.

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IndexInvestorX@IndexInvestorX

1Anno

@PowerWordChill More than 200 banks and payment service providers have partnered with Ripple

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IndexInvestorX@IndexInvestorX

1Anno

@PowerWordChill A colleague who works with various banks once told me that the Ripple network is already being used by many banks. But I can't tell you any more than that. It remains speculation, of course.

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1Anno

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FAT C.@FAT_CAT_Money

11Mes

@PowerWordChill Austria is not considered a pioneer in introducing advanced technology.

Asian banks, for example, are ahead of EU banks in many ways.
Familiarize yourself with SBI Asia.

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BoersePG@BoersePG

11Mes

@PowerWordChill Well, here in Austria we live by the motto: That's how we've always done it, and that's that. After that we would still light a fire with a wooden stick...

... Austria, that is.

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