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XRP Price Surged About 40%, Analysts Divided On XRP's Future
Summary: According to Bitpush Data, XRP's price rose about 40% in one day. This week the United States Securities and Exchange Commission filed a complaint against Ripple and two of its executives, the price of XRP dropped to as low as $0.21. But because the market swayed severely to shorts, a short squeeze occurred on Dec. ...
According to Bitpush Data, XRP's price rose about 40% in one day.
This week the United States Securities and Exchange Commission filed a complaint against Ripple and two of its executives, the price of XRP dropped to as low as $0.21. But because the market swayed severely to shorts, a short squeeze occurred on Dec. 25.
However, analysts remain divided on XRP's future.
Twitter crypto analyst Credible Crypto wrote, “90% of Ripples customers are not in the US. 90+% of $XRP trading volume occurs on exchanges outside the US. $XRP is NOT a security in Singapore, the UK, Switzerland, and Japan. If you think the SEC case is sending $XRP to $0, you may not be thinking objectively. $XRP is global.”
Another cyrpto investor named Neko wrote, “This is true about the volume. But you also also forgetting that management of $XRP are US citizens and so is the corporation. If the SEC deems it a security, exchanges that interact with US clients will have to delist. I wouldn't say it's a 0 but it's still a big issue.”
By Liang Che
Tags: Ripple,SEC,XRP
Link: XRP Price Surged About 40%, Analysts Divided On XRP's Future [Copy]
