Unnecessary. 80% of the XRP tokens are held in escrow, and Ripple sells to institutions directly from that trove. That's why XRP has been flat for so long.
Thanks for this update on the SEC saga. No doubt that SEC´s current work on crypto will be detrimental on US status in the crypto market, pushing all innovation abroad.
Most xrp complainers havent been holding for 4+yrs. They hear the hype and buy and then nothing happens and they say it sucks its a scam blah blah blah. Time in the market always wins over time. Be patient
@@mikebaker5985 you are right Xrp and ripple are different. Ripple does not need Xrp to operate. Also Ripple has many banking partnerships but it’s a common misconception that banks are actually using RippleNet or XRP. In fact, most banks today are building instant payment infrastructure on a Ripple product called xCurrent that has no relationship to RippleNet or XRP
Great job analysing the suits and the various outcomes. It was a joy listening to this synopsis of some of the cases on the roaster and the focus on Ripple was great. Thanks.
Not sure why you are finding the judges ruling confusing. It is quite simple. Oranges are a commodity and can be freely traded but however if you entered into an investment contract with someone where you are looking to profit from their work then you are venturing into securities laws. So in conclusion it is not the asset be it a commodity, crypto are anything else. It is the investment package around it that makes a security. Selling on an exchange where the parties do not know each or have any contract is not a security transaction. I am from Ireland and even I can see that. Everything in Judge Torres ruling supports that and she can never say in every case crypto is not a security just like you can never say the selling of oranges will never ever be a security.
Awesome video! I'm super curious about what's new in the crypto world. Could you share any recent updates on Injective? I'd love to know how it might affect the market. Keep up the great work!
Slow and steady. The Ripple way. Just a matter of time before the crypto community hears about all the adoption and everything that's been built on the XRPL. Most people's info of XRP dates back from 2017.
1.2$ max for XRP this bullrun. Rotation will not include XRP this time unless we will have a second rotation to XRP only. The latter is highly unlikely
Wow. 😅. The XRPL is completely decentralized and if you want to build on the XRPL, you can and Ripple can’t stop you. Ripple, is not centralized. Don’t conflate the two.
@@dangeles95 Data collected on March 27, 2024. Binance controls the most XRP out of all exchanges, with two addresses in the top 10 holding a combined 4.34% of all coins in circulation. Still, Ripple is the largest holder of XRP, with the two addresses in the top 10 holding 3.5 billion XPR, or 6.38% of all circulating supply. Not to mention the 42 billion currently held in Ripple labs escrow accounts. That's why they say XRP isn't decentralized, because technically it's not. It's HIGHLY centralized and are the mercy of Ripple labs.
I'm just waiting for them to be able to discern which actually are scams, which are securities, those that are commodities, and those that are currency.
XRP is the only centralized regulatory compliant crypto available. It is directly partnered with central banks. If you don't do research and apply fundamentals you will lose.
It's because it's overvalued. It's top 10 because of hype and narrative, not use case and functionality. It'll take an additional $33 Billion to double in value. That means in order to turn $100 worth of XRP into $200 an additional $33 Billion would have to be invested into XRP! NO one in their right mind understanding investing would put a dime in XRP.
@@Eskeeter03 bro ur kinda slow. Not everything is about the market cap. Banks will use xrp as crypto currency dur its low costs etc and it will happen over time. The reason why xrp has not made any significant price changes yet is due to that lawsuit and sec still has over 40 days to appeal so anything except speculative rises in market won't happen until that appeal time has come to end.
Just wait for Garry Gensler's promotion SEC Chairman to US Treasury Secretary. It would be more beautiful for all, for crypto. 😉 Don't worry, Kamala Harris is "Crypto Friendly" , She is creating a group of experts for crypto like Gerry Gensler. 😁
If you did your research you would find ripple company release financial statements on the regular making it one of the more transparent companies in the entire market and has been working with regulators from the get-go…If you think your crypto project whatever it may be it’s going to get adoption without the blessing of governments and banks around the world and you really don’t understand how the world works
You gotta hand it to the XRP Army for their stamina, but it's not for me. Now we may also be adding Ton to the ever growning list of questionable projects.
Dare to prepare 🧗🏻♂️ Weimar Germany 1920s , Chile 🇨🇱 1973, Saigon 1975, USA/UK/EU banking crises 2008, Gold confiscation 1933 🥇 Silver 1934 🥈 Best to diversify away from fractional reserve banking system into decentralized crypto such as Bitcoin or Łitecoin to spread risk as well as secure your assets.
There seems to be nothing but over stock and therefore the value will never increase in addition if the government has anything to do with it, you can be sure you never going to get good returns!
Holding the $UDAO token goes beyond a mere financial investment it's a commitment to igniting the flame of knowledge and empowering education, paving the way for your personal and financial growth.
Ok, hear me out : There is a reason : 1. Why SEC went after Ripple. 2. Why XRP was in top #2 MC. 3. Why JP Morgan sent 15 Directors to Ripple office before the Lawsuit started. 4. Why Bitcoin and Ethereum get a Free Pass. 5. Why we do have VC's that pump whatever they like at current trend, increasing wealth for the people like Raoul Paul. From the very begining, the XRP community warned everyone that SEC will not stop at Ripple and will attack the rest... I'm really asking everyone to watch the upcoming documentary "XRP Unleashed". You will find the truth. When it comes to XRP, well : 1. It's the only coin with actual legal clarity. 2. It has no ICO. 3. Ripple stopped selling XRP since 2019 and trade only with ODL clients. 4. Ripple adoption is growing massively despite the Lawsuit. 5. XRP adoption and growth expanding. Open to it.
Bullshit. How much has it cost the tax payer to achieve that amount of "fines". He has also let major US Banks walk away with low fines and huge profits as a result
Yeah, maybe XRP will slowly go up in price; because anyone who held it dry like paint; is married to dust for life when they dump it; and dust never ends and will build up.
@@dangeles95 😂🤣😂 that make no sense sir, Ripple will continue to use retail for exit liquidity. Nobody using the XRPL on a large scale. Ripple sell on the open market causing constant sell pressure then buy it back in out it in Escrow. Ripple the company is better then Xrp, once I excepted the truth my damn near portfolio quadruple. JUST FOLLOW THE MONEY & TRANSACTION on blockchain
in order to make money from selling xrp,they need to make xrp successful,honestly,it's a smart move from ripple and good for the company,but that they're using xrp on the back of retail,it's kinda nonsense, the retail on xrp is shit,but the 99% of people complaining about the escrow selling,they buy shitcoins that have 10-20% of the total supply available and they can dump on you at every moment,but you're not complaining about that,you're complaining about a transparent coin with legal clarity and real use case,that makes sense 😉
and another thing,they have over 40 billion xrp in escrow and a few billions xrp individually,if they can make xrp successful and make it 10-20...100 dollars,do you really think they'll pass on that,trust me,they won't...at least i wouldn't...and either would you,you would make xrp as bigger as you could
Until the price doesn't move I'm not convinced about anything, the price has clearly been suppressed for so long, regardless of the lawsuit, a top 10 coin in the bullrun should be doing a lot better, seriously some of the worst meme coins have given better returns, it goes up like 2 cents and everyone gets excited then it just drops back down, it's overhyped and underperforming get a flipping move on with the case, otherwise it just feels like it's tying up $38B of value in the crypto space.
XRP will be outperformed by many other alts this cycle. There’s a lot of people holding, praying for a pump so they can reclaim some of their losses from the last cycle. That’s a lot of sell pressure if it begins to move anywhere significant. I doubt XRP will hit a new all time high this cycle. If you’re at a loss with XRP, it would be wise to swap it into a superior alt for this cycle to redeem more of your losses like near, pyth, sol, metis etc.
XRP will be outperformed by many other alts this cycle. There’s a lot of people holding, praying for a pump so they can reclaim some of their losses from the last cycle. That’s a lot of sell pressure if it begins to move anywhere significant. I doubt XRP will hit a new all time high this cycle. If you’re at a loss with XRP, it would be wise to swap it into a superior alt for this cycle to redeem more of your losses like near, pyth, sol, metis etc.
Top 10 in market cap throughout the course of its existence, one of the only coins with legal clarity, stayed in the top 10 during the bear market on top of SEC lawsuit,the market disagrees with your opinion
