The lawsuit against Ripple has significantly hindered the price surge during this bull market. Ripple founder, Brad Gardlinghouse, congratulated the entire Ripple Team for reaching the current point. Ripples net acquisitions, meanwhile, were reported to have decreased by roughly $100 million from the prior quarter. Although the allegations against Ripple Labs may be true, the news that the company is joining the Linux Foundation is a huge deal. So much so that currently XRP is the 3rd largest digital asset in the world while Ripple has plans for an IPO. what happens to my xrp if it is declared a security 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. For the past few days, the Ripple price is bullish. 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. Furthermore, the Ripple network could be used to process other types of transactions, such as currency exchange. Thanks, this is the answer I'm looking for. It has a total market cap of $83,260,210,209 with its price at $ 1.81 in recent data by Crypto.co. In its latest Q3 XRP Markets Report, the amount of XRP held across various Ripple wallets had dropped below 50 billion, or 50 percent of the outstanding supply, in the previous quarter. In the past, XRPs popularity and, by extension, its increase in value have been heavily influenced by the partnership with these traditional institutions. The release of the SECs document on XRP implies that the SEC has not concluded that the digital asset is a security. Ripple Labs would be required to give each holder one-third of a stake in the company if XRP became a security. Sostack and his legal team maintain, however, that Ripple is nevertheless liable due to ongoing sales of the XRP coins. B2BinPays New Partnership With the Athletic Club Is a Triumph for Ride With BitKeep and Seize the Opportunity as Arbitrum Argonaut Makes Aurora Labs Launches Turnkey Blockchain Solution for Businesses Transitioning to Web3. In his interview with Pompliano, Garlinghouse again talks about Ripples investigation into moving its business off-shore. On 22 December 2020, the SECannouncedthat 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 digital asset securities offering.. At the same time, some experts also project that the crypto asset can go higher if the cryptocurrency market continues its upward trend and Bitcoin reaches new all-time highs. This enables programmers to use the Ripple Ledger to execute Ethereum smart contracts. On January 19, Coinbase will cease to trade XRP. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. According to the SEC, Ripples platform, which allows retailers to transfer funds between vendors, made XRP a security. The allegations against Ripple Labs could signal a market shift toward a new wave of growth. Technically, the virtual asset is centralized, and its parent company, Ripple Lab, strives tocreate partnershipswith traditional financial institutions like banks. Don't wait! As a crypto liquidity platform built for the enterprise, it will unleash the potential to access deep liquidity within markets, accelerating the shift to crypto. The company sells its RippleNet technology to these institutions, thereby increasing the popularity of its native token, Ripple XRP. 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. It uses a similar remittance process used by banks and financial middlemen like SWIFT for international money and security transfers. While the people behind XRP and Ripple are the same, the two operate independently. 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. SEC says third-largest cryptocurrency was sold all wrong For now, however, Garlinghouse highlights whether or not XRP is ruled a security, the companys business would not be significantly altered either way. First, the SEC has not yet made a decision on whether or not digital assets like XRP are securities. "XRP is a raw good that trades in commerce and one XRP is treated as equivalent to every other XRP. Despite the fact that Ripple had some success during the hearings, the final result of the lawsuit is still unknown, which is very important to keep in mind. When cryptos are burned in a deflationary event, it leads to a scarcity of the coin, and the demand increases the value and price of the coin. Central banks can use a variety of secure, controlled, and flexible solutions to manage digital currencies. Following the lawsuit, XRP was faced with massive delisting from major exchanges and crypto businesses worldwide. But how realistic are these beliefs? To be reinstated, XRP must first be settled, which would open the door for cryptocurrency exchanges such as Coinbase to handle it. It is now the fourth largest coin in terms of market value, trailing only XRP and EOS. It has three primary advantages: it is free, open-source, permissionless, and decentralized, and it can settle transactions in 3-5 seconds. XRP (Ripple) has been popular with banks and other institutions. 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. Following the announcement, Ripples stock price rose by more than 20% on the day, and XRPs coin price also rose by more than 20%. 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. In a complaint filed with the Securities and Exchange Commission (SEC), Ripple is accused of concealing the existence of XRP. With XRP on the rise, is the SEC vs. Ripple on the road to settlement? The Securities and Exchange Commission has sued Ripple, and the cryptocurrency exchange Coinbase has delisted Xrp. U.S. stocks opened higher Friday, with major benchmarks on track for modest weekly gains, as investors await data on the services sector of the economy. What Would Happen if Ripple's XRP Token Was Classified as a Security On Dec. 22, the US SEC filed a lawsuit against Ripple alleging that XRP was a security. The current class-action suit accuses the blockchain company of misleading investors and selling them XRP in violation of U.S. federal law. Im just waiting to see if Jungles $692 price prediction will come true. Looking at the 4-hour price chart, a triangle pattern can be seen from which XRP may break either way. All rights reserved. The fact that the network is open source and XRP can be bought, ensures the independence of the two form each other. Satoshi Nakamoto: Will His Identity Soon Be Revealed? According to another XRP twitter proponent, Jungle Inc, he believes the asset could rise as high as $692 per coin based on the expectation that all international payments in the future will use XRP. In 2030, Ripple XRP price prediction has a minimum price of $6.92 and an average value of $7.16. The price of XRP is expected to be at least $0.41 in 2022, according to a technical analysis of the prices expected in that year. But what would happen to XRP price if the US court recognized the asset as a commodity and put an end to the ongoing lawsuit? XRP forecast for 2028 also has a maximum price target of $3.94. 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Mined cryptocurrencies have a limit to their supply like in the case of BTC (Bitcoin) with its maximum supply of 21 million only. This is because XRP is not yet regulated as a security or commodity. 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. The Road to Toppling Bitcoin Ripple (XRP) will be the best cryptocurrency to replace SWIFT in the near future due to its network. A validator's primary role is to guarantee that the network is stable and that it develops logically.