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No, not at all. U.S. stocks opened higher Friday, with major benchmarks on track for modest weekly gains, as investors await data on the services sector of the economy. Currently, it is estimated that $10 trillion are processed each day across the world. According to the attorney based in Florida, the result of the lawsuit between Ripple and the SEC is being eagerly awaited across the sector, with Pickett highlighting that: If Ripple is successful in their lawsuit, it could help solidify XRPs legality in the US market, which would benefit its price.. However, if Ripple is successful in getting more banks to use its platform and currency, then it is likely that the price of XRP will continue to increase. It was created in 2004 as RipplePay, but the case of its innovation came too early for its time, as it made no significant mark then. Second, even if the SEC decides that XRP is a security, it could take a while for it to be listed on exchanges. TERMS AND CONDITIONS | CONTACT | ADVERTISE, Authenticator Alert Securing Your Crypto, Giddy Wallet Announces First-Ever Autogas Feature for Polygon, TRON Partners With Oraichain for AI Integration and HackaTRON Collaboration, Alpine Esports Signs QANplatform As Its Official Blockchain Partner To Support Fan Engagement, Team Performance and Operations, Huobi To Join BitTorrent Chains Layer Two Ecosystem, Metacade Presale Stage Five Selling Out As Strategic Partnership With MEXC Is Confirmed, Derby Stars Gallops Into a New Era of Horse Racing Game With Early Access Launch, Red-Hot Ethereum (ETH) Scaling Altcoin Launches New Airdrop Phase, Plans To Distribute 11,700,000 Tokens, Trader Who Called Exact Bitcoin Bottom Updates Outlook on Crypto Markets As Crucial Monthly Close Approaches, Shiba Inu Rival Burns 1,000,000,000,000,000 Tokens in Single Transaction in Push To Shrink Supply, Shiba Inu (SHIB) Rival Rallies Over 40% Prior to Announcement of Major Exchange Listing for Perpetual Contract. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology. According to another XRP twitter proponent, Jungle Inc, he believes the asset could rise as high as $692 per coin based on the expectation that all international payments in the future will use XRP. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. XRP: A Security or a Commodity? - Crypto.co BitStarz Player Lands $2,459,124 Record Win! ODL sales totaled an impressive $2.1 billion in Quarter 2 alone! The XRP native token is designed to act as a bridge between competing hard-to-understand currencies. A break of either one could signal an influx of volatility. This website uses cookies.