It's getting tighter for Ripple
- Hard times for XRP investors
- Will the cryptocurrency still be able to recover or is it the beginning of the end?
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The last crypto bull run produced a loser: XRP. Because if you compare the top coins - based on market capitalization - XRP could not keep up with the other crypto currencies in terms of performance. And those who follow the current developments will probably have to come to the conclusion that the future will not bring any improvement for XRP. Because not only that the US Securities and Exchange Commission, the SEC, the US supervisory authority, has filed a lawsuit against Ripple, almost 30 crypto organizations have also decided to stop trading in XRP.
XRP Trust dissolved - Bakkt has also decided against Ripple
As already on Bitcoin-News.One mentioned, Grayscale Investments has also dissolved the XRP Trust.
In addition to Grayscale, Bakkt has also spoken out against Ripple. The bitcoin futures like payment company no longer has plans to support XRP. This was also confirmed by Gavin Michael, the Bakkt CEO. And finally, PayPal spoke out against XRP.
Ripple is now actually in a difficult situation from which - at least that currently seems to be the case - there is no way out. Of course, the court ultimately decides whether the SEC is right with its lawsuit - but the damage to its image caused by filing the lawsuit could cause lasting damage to XRP.
The Bitcoin-News.Prognosis: XRP is in a really difficult situation - if you have coins of the crypto currency Ripple, you should watch very carefully how the market is developing or whether there are new decisions regarding XRP from various crypto exchanges or providers gives.