The #XRP SEC lawsuit was nessary to allow time for Ripple to partner with financial institutions.
In order for XRP to work as cross border payments, each institution needs to hold a large amount of XRP. That way they wouldn’t need to keep converting their currency.
this means every partner would be holding a large bag of XRP and the price of XRP will have to be Extremely high in order for it to work with effecting price dramatically.
So the lawsuit is being used to clearify the law while giving time to implement the XRPL around the world. Once it is over, and the XRPL goes live, you will see #XRP jump in price overnight to $1000+. Maybe even $10,000+
this is just my opinion and not financial advice. 😉🚀
In order for XRP to work as cross border payments, each institution needs to hold a large amount of XRP. That way they wouldn’t need to keep converting their currency.
this means every partner would be holding a large bag of XRP and the price of XRP will have to be Extremely high in order for it to work with effecting price dramatically.
So the lawsuit is being used to clearify the law while giving time to implement the XRPL around the world. Once it is over, and the XRPL goes live, you will see #XRP jump in price overnight to $1000+. Maybe even $10,000+
this is just my opinion and not financial advice. 😉🚀
07:44 AM - Sep 25, 2022
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