The value of the combined cryptocurrency market has surged to over one trillion as prices rise across the board. The surge over one trillion comes as smaller cryptocurrencies, including ethereum, Ripple‘s XRP, cardano and stellar, all make significant gains.
About Ripple (XRP)
RippleX makes it easy for developers and entrepreneurs 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 the users of theirs to send and receive payments across any currency, geography and network.
You will discover some things though that affect the cost of XRP , for example liquidity, intraday volume, and whether it’s bought or perhaps sold during the week. All these factors are going to affect the price you are able to expect to make from trading in XRP.
Ripple In the News
Moreover, many useful articles on Ripple news events and undertakings are available in the news section also. The present price quotes for a lot of other cryptocurrencies may also be found here.
year which is Last, a number of high-profile investors, led by the famed Paul Tudor Jones, began to name bitcoin as an emerging inflation hedge, using to it protect against what they see as the damage being done to the stability of the dollar by unprecedented government spending and money printing. This support helped institutional investors and Wall Street giants soften their sceptical view of bitcoin and cryptocurrencies.
Ripple has publicly decried the SEC charges and has an initial hearing scheduled for later next month.
Longer term, the market sentiment towards Ripple may be bearish as investors become weary of its legal prospects. It may then be predicted that short sellers will emerge with their short positions, driving up the spread even further. The market sentiment remains bullish at this point and the prices should begin to reverse. This is called the “flip”.
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.
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 actually indicative of the case’s seriousness. Buyer – and investor – beware.