With the total market cap of all cryptocurrencies now exceeding $1 trillion, Ripple‘s price is also rising as it recovers from a Christmas week crash.
About Ripple (XRP)
RippleX makes it easy for developers and entrepreneurs to take out 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 the users of theirs to send and receive payments across any currency, geography and network.
Why don’t we take a look at several of the factors that influence XRP and just how you can make use of those factors to get the best deal. XRP is actually a favorite of crypto traders, perhaps because it offers reliable liquidity and low cost.
Ripple In the News
Moreover, many helpful articles on Ripple XRP news events and undertakings are available in the news section also. The current price quotes for a lot of other cryptocurrencies could also be found here.
Among the things that affect the cost of XRP is the overall sentiment of the community towards it. A crucial aspect of cryptocurrency trading is actually determining the direction of the current trend and how investors are feeling about it. Sentiment refers to the overall attitude of the folks toward something which can either bring bad or good news. And with cryptos, sentiment can range from wildly optimistic to very pessimistic.
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 five “key questions” about the SEC’s suit against Ripple, even thought he warned he was limited in what he could say as the situation is ongoing.
On Jan. 7, 2020, Stuart Alderoty, general counsel at Ripple Inc., pointed out that legal processes take time. Garlinghouse commented: “Things may seem quiet, but there is plenty happening behind the scenes. We’ll be filing our initial response within weeks.”
The SEC is 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.
While the bull market in cryptocurrencies will go on to exist, Ripple market participants must be very careful to look beyond the short term price predictions and consider the long term potential of the currencies involved.