Ripple maintains a negative trend that has led to a loss of almost half of its price in the last 30 days, a disaster caused by a US Securities and Exchange Commission (SEC) lawsuit against the company that issues XRP.
There were a couple days with decent gains, but that just seemed to trigger new rounds of selloffs as worried investors who wish they got out earlier saw this as their chance to get out.
But generally speaking, the token has been declining since December when the public learned that the SEC was suing the company and its co-founders for selling XRP, which the government is considering an unregistered security.
Now as of today XRP has lost fourth place to Polkadot (DOT), whose market capitalization has exceeded $ 15 billion.
The day the news broke, the price of XRP was $0.48.
Today at the time of publishing, XRP is selling for $0.27
Their $25 Billion market cap now all the way down to $12 Billion.
But What If...
What if Ripple beats the lawsuit? Or better, it gets dropped as the new administration appoints new heads to the SEC and Justice Department.
Ripple has openly said they're even willing to settle right now.
Let's play devils advocate - imagine if someone were to stock up on XRP when it hits bottom, and then they win their lawsuit - you can bet that coin is going to shoot up like crazy and they're going to be pretty happy with their investment.
Of course, if the SEC takes this all the way and they lose in court, XRP will be worthless as the company would likely be finished.
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Author: Justin Derbek
New York News Desk
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