Ripple is on the agenda with its partial victory over the US Securities and Exchange Commission. This has created new excitement around the XRP token. Several exchanges relisted the token. So what awaits the XRP price next?
On XRP Injective?
This move is expected to increase the liquidity of XRP and USDT in the injective protocol. This news was shared on the official Injective Protocol Twitter account. Accordingly, it signals the resurgence of the XRP token in the crypto market.
Ripple was removed from various exchanges in 2020 after the lawsuit filed by the SEC. The token was claimed to be an unregistered security. However, it is clear that last week’s decision opened a new page for the token ahead of the bull market. Accordingly, many believe that XRP could become one of the prominent performers in the coming months.
What’s Next for Ripple?
However, it’s important to note that despite recent joys in the crypto community, the Ripple SEC case is far from over. The regulator took its fair share of victory in its decision last week. He will also take advantage of this to get back to court.
Last week, Judge Torress ruled that the sale of the XRP token to institutions is an investment contract. One of the main reasons the SEC went after Ripple and XRP was on the basis that the token passed the Howey Test. The court ruled that the sale of Ripple to institutional clients is an investment contract. This leaves a gap in Ripple’s victory. It can obviously see both parties back to court.
Reactions to the decision
Reacting to the latest ruling, SEC chairman Gary Gensler said: “We are pleased with this decision, which recognizes the importance of protecting investors – institutional investors – and the court action on fair reporting. However, we are disappointed with what he has to say about individual investors. Accordingly, we are still looking at it and evaluating that view.” says.
There are several indications that the Ripple case is far from over. Last week’s ruling revealed that XRP is not a security. But it also left room for more answers. Also, precedent cases like this will go all the way to the US Supreme Court. Also, it will take time to complete.
Consequently, given this adoption of XRP by injective, this trend is likely to continue to expand into other protocols. On the other hand, it is very likely that there will be a large demand for XRP from very large investors.
Is now the best time to buy Ripple?
Considering recent events, Ripple’s XRP is an attractive token to invest in. Especially since it’s still trading under $1. Also, crypto exchanges have reopened their doors to the token. Accordingly, the future for Ripple XRP looks promising.
However, when we look at cryptokoin.com, it is necessary to be objective. We recommend that you do your research before investing. There is a lot of excitement around Ripple XRP. However, it is difficult to recommend collective investments yet. It is best to diversify your portfolio. This way, you reduce the risk of losing big on a single crypto.
58597
