XRP Bull Run Kicks Off Following News About The SEC Exempting Ripple From Legal Action In The Event That XRP Is A Security

Ripple news today – XRP has been trading in green for the past few days now but the bulls haven’t run out of steam yet. In our previous XRP news, we noted that the price of XRP has hit a Golden Cross indicating that the bulls are now in full control of the market. There are many factors that are currently influencing the price of XRP allowing it to maintain the upward momentum. If it continues, the price of XRP will most likely hit the $0.50 level this week. This will pave a way for higher highs against the USD and BTC near-term. What are some of the factors that are contributing to a rise in the price of XRP? Is Ripple news affecting the rise in the price of XRP?

XRP News Today – XRP Price Prediction 2019 – XRP Predictions 2019 – Why Is XRP Rising?

In our last XRP news, we noted that a new move by the SEC was going to change the game for XRP and make the XRP 589 dollar prediction come to fulfillment. You see one of the biggest stumbling blocks for XRP and Ripple is the XRP SEC saga. Over the years, there have been many debates about the XRP security status. There are does believe that XRP is a security because the relationship between Ripple and the XRP token is too close and too shady. Even if the XRP protocol is expected to be decentralised, Ripple still has control of over 60% of the total XRP in circulation and news about the progress of Ripple often influences the XRP token price.

Ripple has tried to prove that it doesn’t control XRP. On more than one occasion, Ripple executives have said that they have no control over the price of XRP. They claim that even if the company falls tomorrow, the XRP token will still stand as an independent protocol. Initially, the XRP token was often interchanged with Ripple. However, Ripple launched a campaign last year in which it said that both words should not be used interchangeably as they don’t mean the same thing.

Despite all the effort that Ripple has been making sure that the XRP SEC saga comes to an end, there are still many institutions and retailers still do not want to have anything to do with XRP because they do not want to get into trouble with regulators.

Ripple News – XRP News Today – XRP To Reach Mass Adoption – XRP 598 Price Prediction is Nigh – Current Price Of XRP

Recently, one of the executives of the SEC said that the regulator is considering offering no action letters to certain cryptocurrency projects that are regulatory complaint even if they didn’t meet up with the requirements during the launch and first sale. This means that if the SEC declares XRP a security, it would not pursue any legal action against the company even if it declares XRP a security. If Ripple gets a no action letter from XRP, more investors will have interest in XRP. This will lead to an increase in adoption and a surge in price.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.244
-0.39%

At the time of writing, the price of XRP was $0.440781. This means that it is up by 0.06% against the USD and up by 2.74% against the price of BTC. The trading volume over a 24 hour period is $2,274,456,962 and the market capitalization is $18,593,033,899. Near-term, XRP will rise above $0.50. Before the end of the year. The price of the token can hit $1 according to the XRP price prediction 2019 on CryptoNewz.

As a digital asset investor, what do you think about the XRP 589 dollar price prediction 2019 in our XRP news today?

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.