XRPLong
XRP SEC/ Exchange Ruling
Last week there was a media frenzy in support of an SEC legal representatives open court statement. There are numerous articles for you to find online on the topic.
In summary an SEC rep stated that the lawsuit was only implicating Ripple and its executives. Implying that exchanges and other 3rd-party sellers such as individuals (P2P) are, at least for now, permitted to trade XRP as a "non-security". The final determination is still to be made but in the interim period we have seen a pleasant rise in the price of XRP.
I as a pundit for XRP since late 2020 have previously posted I believe XRP is going to "moon". However, since the lawsuit, on 24 DEC 2020, the price of XRP as suffered immensely.
but as luck would have it we have been given an uncharacteristically volatile period of trading. Giving all traders ample opportunity to capitalise on this pair.
So I offer above one of my latests trades on this pair to simply illustrate that the waters are still active for those who would like to jump in. For those who are skeptical I wish you well, because the ease of profiting of this type of crypto manipulation/ herd trading and absolute volatility is unique and if you would test your might against it you may just reap some rewards.
In summary an SEC rep stated that the lawsuit was only implicating Ripple and its executives. Implying that exchanges and other 3rd-party sellers such as individuals (P2P) are, at least for now, permitted to trade XRP as a "non-security". The final determination is still to be made but in the interim period we have seen a pleasant rise in the price of XRP.
I as a pundit for XRP since late 2020 have previously posted I believe XRP is going to "moon". However, since the lawsuit, on 24 DEC 2020, the price of XRP as suffered immensely.
but as luck would have it we have been given an uncharacteristically volatile period of trading. Giving all traders ample opportunity to capitalise on this pair.
So I offer above one of my latests trades on this pair to simply illustrate that the waters are still active for those who would like to jump in. For those who are skeptical I wish you well, because the ease of profiting of this type of crypto manipulation/ herd trading and absolute volatility is unique and if you would test your might against it you may just reap some rewards.
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