RIPPLE (XRP) AND CRYPTO CURRENCY

What we know so far: XRP IS AND HAS BEEN EXPANDING LIKE NO OTHER CRYPTO CORPORATION!

"Blockchain payments startup Ripple is looking to make new investments and acquisitions, with a few deals reportedly underway, according to the company CEO. This announcement comes in light of Ripple’s Q2 report, which detailed the company’s total sales of its native token XRP increasing by nearly 48 percent to $251 million." ~ coindesk.com

XRP already has operations in Mumbai, New York, Dubai, Brazil, London, Singapore and most notably Japan. As well as partners like Google Ventures, SBI group and MoneyGram among many more.

There is no Crypto Currency positioned better than Ripple! The clear advantage Ripple has on Bitcoin is infrastructure, while the open source approach the creators of bitcoin decided to implement makes it more adaptable, Ripple has become a multi-billion dollar organization seeking regulation and implementation globally.

When you add the operational reach of Ripple with the fact that usage of the system which caters to helping financial institutions and citizens execute global transfers that can take up to 3 days in 3 seconds on average.

Every Crypto Currency seems to have pitfalls that hinder them from taking the lead in this space. For XRP, Escrow account releases(more commonly known as "dumping") and the vast amount of tokens that the founders of Ripple currently possess has been a subject of scrutiny. I myself am concerned with those practices. But if you do your due diligence on different investment opportunities in the crypto space, I am confident that you would strongly consider adding XRP to your portfolio.

December 2020 when the SEC filed suit against Ripple Labs alleging that they violated federal securities laws by selling XRP to both institutional and retail customers. Last July, New York Judge Analisa Torres' ruled that the sale of XRP on exchanges and through algorithms did not violate U.S. law, only Ripple’s institutional sales of XRP did.

The price of XRP is currently priced as of May 27, 2024 is .53 cents, with SEC Lawsuits in the past the last hurdle for RIPPLE seems to be an XRP ETF listing. Which has been used as a sign of successfully being considered a commodity by the SEC.
As usage increases over the next few years the price of each coin will almost certainly increase as well.

RIPPLE HEADLINES:

Nasdaq "XRP News Today: Ripple Benefits from SEC’s ETF Decision; Eyes on Coinbase Appeal" - May 25, 2024

Nasdaq "XRP News Today: Speculation on SEC Appeal, XRP’s ETF Future Hangs in Balance" - May 21, 2024

COINDESK "SEC Seeks $1.95B Fine in Final Judgment Against Ripple" - MARCH 26, 2024

COINDESK "SEC’s Motion to Appeal Loss in Ripple Case Is Denied - CoinDesk" - October 03, 2023

INVESTOPEDIA "What Does The 'XRP Not A Security' Ruling Mean For Other Cryptocurrencies?" - July 15, 2023

RISK DISCLAIMER THIS IS NOT FINANACIAL ADVICE, ALWAYS SEEK ADVICE FROM A LICENSED FINANCIAL PROFESSIONAL.

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