The value of the combined cryptocurrency market has surged to more than 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 take away 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, network and geography.
You will find a few things though that affect the price tag of XRP as liquidity, intraday volume, and whether it is bought or even sold during the week. Each one of these factors will affect the price tag you can expect to earn from trading in XRP.
Ripple In the News
The Ripple news aggregators are actually overflowing with stories as of late. Ripple is actually entwined with central banks and government commodity prices, international trade, stock markets, global economics, and central banks , government spending, and inflation.
Last year, 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 cryptocurrencies and bitcoin.
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.
Longer term, the market sentiment towards Ripple may be bearish as investors become weary of its legal prospects. It could then be predicted that short sellers will emerge with the short positions of theirs, driving up the spread even further. The market sentiment remains bullish at this point and the prices should begin to reverse. This is known as the “flip”.
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.
The key to the strength and market sentiment of Ripple ecosystem is the presence of a strong foundation. Without such a foundation, investors are likely to be attracted to strong currencies that have lower costs, greater liquidity and faster growth. However, this kind of investment is going to require an investor who has a specific idea of the way the protocol will function in the future and how they intend to manage their funds.