COINBASE IS RE-LISTING XRP

US courts have determined that XRP is not a security; whether the SEC decides to argue this once more remains to be seen, but they wasted a lot of time and resources battling Ripple on this issue. Ultimately, the court ruled that the XRP asset is not a security. This is a huge story because the ramifications are so absurd. This is a circumstance where the news of the BlackRock Bitcoin ETF might be the spark, and I know that there have been many sparks recently. This ripple news is also far more than simply a spark.

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The head attorney for Coinbase, Paul Grewal, has stated that the company would re-list after reading Judge Torres' nuanced ruling and carefully considering their analysis. Coinbase is re-listing XRP and making a significant return to the US markets. I predict that most significant exchanges with exposure to the American market will re-open XRP trading to the public. The XRP asset will soon once again have extremely deep availability and liquidity throughout the whole US market. Investors have experienced quite an emotional roller coaster as they have watched all the dramatic events come to an end.

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A few days ago, the price of XRP increased dramatically, rising from roughly 45 cents to nearly $1. Huge volume as investors and traders alike rushed into XRP. Of course, XRP increased the value of the entire market. Not only did XRP take off, but several other altcoins also attracted a lot of offers. The market is taking note of this and stating that it is extremely significant information for both XRP and the overall cryptocurrency market. XRP increased as a result of this news, although Bitcoin didn't change all that much. Small currencies also experienced some excitement because it is implied that many altcoins won't be securities.

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If you recall, $KICK and KIN raised $100 million in an unauthorized security offering in June 2019 after reaching all-time highs and the 2017 boomkin. It achieved its All Time Low on October 20, 2020, almost a year and a half after its previous High. Three days later, the case was over, and Kim launched a massive rally that increased the stock price 50 times in six months. I don't believe XRP will increase by 50 times. Because of the SEC's lawsuit, XRP investors did not receive a fair shake during the last bull run. Despite being an asset that is so heavily invested in and adored throughout the whole cryptocurrency sector, XRP did not even come close to reaching its prior all-time highs. The inference is that because the SEC is now pursuing so many cryptocurrency networks, the selling of these on cryptocurrency exchanges does not qualify as the sale of securities. That indicates that the SEC has gone beyond its authority.

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