The price of Ripple just shot up by 20% as a US judge ruled in their favour:
“XRP, as a digital token, is not in and of itself a "contract, transaction[,] or scheme" that embodies the Howey requirements of an investment contract.” - Judge Torres
This case dates back to 2020, so Ripple holders have had a long nerve-wracking wait for this day. The price got pummelled as Ripple got delisted from many exchanges, and the price jump after the ruling doesn't come close to getting Ripple holders back to where they were in 2020.
But perhaps this ruling is the start of a bull run for altcoins. Because if Ripple is not a security, maybe some of the other alts labelled by the SEC as securities are not securities either?
So... sell today, before the price crashes to zero? 😝
When do you think would be a good time to sell, or trade out?
Bitcoin is about to go on a run, and crash, then run probably through next year.
Depending on Ripple people, they might catapult off this... or may lag out, cause like, they are tired from legal battle
Ripple got delisted from a lot of exchanges. It's going to be hard for them to relist again despite them winning their lawsuit, so the upside is limited IMO.
It looks like exchanges are racing to put XRP back up.