Cryptocurrency Ripple XRP is a Good Investment Below $0.75
May 15, 2018 11:24 am
Ripple XRP is a Better Investment Under $0.75, Here’s Why
Ripple’s successful partnership assured investors that it would go above $3. It hasn’t happened yet. However, it’s still mid of the year, and it is plausible it will occur before the year ends.
Professional traders and Investors have remained wary about Ripple, and they have not jumped in. It appears that Ripple’s XRP price is precisely where they needed it to be. There’s no doubt that Ripple (XRP) is a good bargain as things stand right now still is it that great when you take everything into account?
It’s in a problem with Security Exchange Commission (SEC) since its status as a security stay dubious. Ripple lab think that the lawsuit and the dispute are just tactics to keep people distant from the coin and make the project look bad.
Ripple’s present condition could appear problematic. Still, if the Security Exchange Commission (SEC) affirms that Ripple isn’t security after all then all bets are off. It will give it the reliability it requires to rise and be accepted and traded in every major digital currency exchange in the world including Coinbase and Gemini.
Therefore that could be the reason Coinbase has not yet listed it so far. If Ripple is announced security that would be terrible news not just for XRP but every crypto coin available around the world today. It would undermine investors’ belief and wreck the market. It would put the whole blockchain technology into question.
As the Security Exchange Commission (SEC) is informed of that, they’re unlike to attempt such a hardline approach. Furthermore, cryptocurrency enthusiasts and lobbyist with influence upon the government will take a stand, and so will the financial institutions and big banks they have already adopted any digital currency to make their business easier lately. But the Security Exchange Commission will also need to see some confidence sign from the investor community.
All the fearmongering works for those institutions as it keeps the prices down so that they can participate in at their convenience. Once the Banks get their hands on Ripple’s XRP derivatives, options, and futures, you will see the market rise with their and governments blessings. Please take note: in 3 to 5 years, if you purchase any cryptocurrency you will be buying them from banks.