Here’s Why Despite SEC Charges, XRP Will Soar Again Someday

2020-12-31 23:00

XRP is suffering currently, even while Bitcoin trades well above its former all-time high. The reason for the altcoin’s struggles is due to the SEC slapping the coin’s parent company and its top executives with a lawsuit.

The crypto community has been quick to point the finger to laugh, despite its dangerous implications for the greater industry. Others call for the token to collapse to near zero, but one trader says that XRP will soar again someday regardless of the situation with the SEC. Here’s why.

XRP Could Recover With Next Altcoin Season, Trader Claims

Bitcoin is trading at well over $28,000 as 2020 comes to a close. Crypto investors have long been salivating not just over the top-ranked asset by market cap reaching a new all-time high, but for the “alt season” that was expected to arrive soon after.

During the last market cycle, as soon as Bitcoin’s bull market was confirmed with a new high over the 2013 peak, altcoins skyrocketed in value.

Related Reading | Analyst Who Called Coinbase XRP Delisting Says SEC Is “Investigating” Other Altcoins

Bitcoin regained the center stage once again as the asset went fully parabolic, and made mainstream media headlines in 2017. Again, the asset peaked, and the altcoin season that arrived right after was the stuff legends are made of. Ethereum spiked to over $1,400 and XRP to more than $3 per token.

Then, even “abandoned coins” exploded by 100,000% in weeks, including projects with no working product, no teams, no social footprint, or worse. Even outright scams like Bitconnect ballooned in price as dumb money came pouring in.

The SEC lawsuit has not been friendly to XRP | XRPUSD on TradingView.com

This time around, dumb money has yet to pour in and the capital that is coming in is institutional money focused on Bitcoin alone. Altcoins aside from maybe Ethereum and DeFi tokens have basically been ignored.

Related Reading | Bitcoin Dominance Doji: Why 2021 Could Spell Doom For Altcoins

That trend won’t last forever, and when altcoin season returns, that’s when one top trader says that even XRP will see upside again.

For now, Bitcoin dominance could be signaling that altcoins are doomed in general, so there’s a chance that the altcoin season this trader is calling for never actually arrives, leaving XRP and others to die a slow death in the wake of Bitcoin’s next bull run.

Featured image from Deposit Photos, Charts from TradingView.com

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Ripple (XRP) на Currencies.ru

$ 1.1164 (-0.90%)
Объем 24H $6.775b
Изменеия 24h: -1.71 %, 7d: 59.37 %
Cегодня L: $1.0851 - H: $1.132
Капитализация $63.559b Rank 6
Цена в час новости $ 0.2174 (413.52%)

xrp sec struggles due reason altcoin slapping

Источник: newsbtc.com

xrp sec → Результатов: 126


XRP готовится бросить вызов $0,60, торгуясь в рамках бычьего канала

По мере того, как усиливаются дискуссии вокруг крайнего срока подачи апелляции SEC, цена XRP начала расти в рамках бычьего канала. Достигнет ли она отметки $0,60? С приближением крайнего срока подачи SEC важнейшего заявления Form-C по продолжающемуся делу Ripple цена токена XRP демонстрирует бычий рост.

2024-10-18 17:58


XRP снова в центре внимания: конфликт между SEC и Bitnomial

Является ли XRP ценной бумагой? SEC всё ещё утверждает, что да. На днях биржа Bitnomial подала в суд на SEC, заявив, что комиссия превышает свои полномочия в вопросах регулирования фьючерсных контрактов на XRP.

2024-10-11 09:52


SEC: Ripple использовала торговых ботов для манипулирования ценой XRP

Комиссия по ценным бумагам и биржам США (SEC) предполагает, что компания Ripple использовала торговых ботов от GSR Markets для фальсификации торговой активности и поддержания курса XRP.

2024-3-2 13:28


By The Numbers: Deciphering XRP’s Lost Momentum Amid The SEC Lawsuit

The US Securities and Exchange Commission’s (SEC) legal tussle with Ripple over the XRP token may have significantly set its trajectory back in the US market. Crypto lawyer John Deaton explained this in an X (formerly known as Twiter) post uploaded earlier today, shedding light on the ramifications of the SEC’s lawsuit on XRP’s potential adoption in the US.

2023-8-23 00:00


Адвокат XRP: Апелляция SEC не повлияет на Ripple

Адвокат XRP Джон Дитон заявил, что апелляция Комиссии по ценным бумагам и биржам США (SEC) против решения суда о том, что XRP не является ценной бумагой, не станет серьезной неудачей для Ripple. По его словам, даже если SEC подаст апелляцию в суд второй инстанции, то процесс может занять до двух лет, а тем временем решение… Сообщение Адвокат XRP: Апелляция SEC не повлияет на Ripple появились сначала на Hash Telegraph.

2023-7-23 12:44


XRP начал дорожать на фоне важной судебной победы Ripple над SEC

Крипторынок с воодушевлением отреагировал на решение суда по иску Комиссии по ценным бумагам и биржам США (SEC) к компании Ripple. Цена XRP сразу подскочила до $0,59 и продолжает расти.

2023-7-14 20:37


Майкл Сэйлор назвал XRP и ETH неэтичными криптовалютами

Сооснователь MicroStrategy прокомментировал судебное разбирательство компании Ripple с Комиссией по ценным бумагам и биржам США (SEC), назвав XRP незарегистрированной ценной бумагой, а эфир — неэтичной криптовалютой.

2022-12-7 14:20


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