XRP Surges 50% After Ripple Files SEC Response

[waybesuricata]

The last few months have been very challenging for XRP holders. The cryptocurrency plummeted in price while the other top cryptocurrencies by market cap experienced price growth not seen in years.

XRP’s price collapse was due to charges brought against Ripple Labs and two of its executives in December. The SEC charges include the sale of over $1 billion in unlicensed security based on their sales of XRP. The SEC alleges that XRP is a security, a designation not assigned to the top two cryptocurrencies, Bitcoin and Ether.

Source and continuation of the article: https://beincrypto.com/xrp-surges-50-after-ripple-files-sec-response/

[TomPluz]

There can be a rally for XRP from people who are expecting that eventually it can be vindicated in this case. Winning this case can prove to be a big breakthrough for XRP anc can certainly push the price to the moon, otherwise this can be crippling the whole network and can relegate it to the abyss. Such is the importance of making through this challenge unscathed.