Ripple - SEC END!

[Sayeds56]

The news says that the trial is over, Ripple needs to pay a fine of 125 million.
What are the prospects for Ripple in the future?

I think the future is bright. Especially when the SEC has given up on crypto. The agency even dropped its case against Binance's Paxos-issued BUSD stablecoin. ETH got lucky too. My guess is that Ripple (the company) will pay the fine using the stash of tokens it holds in its wallet. Market prices will drop temporarily, but things should be able to get better in the long-term (even though I'm not a fan of XRP's centralized nature).

Perhaps, now that the road is clear for XRP, Ripple will proceed with its ambitions of replacing SWIFT for global payments? One can only imagine. The future is unpredictable, so we can only hope for the best.

Certainly, the future should be bright now as all legal issue of XRP have been resolved with SEC. I have been investing and trading XRP since 2017 and it made nits all time high in 2018 (ATH) at $4 approximately, unfortunately it never went even close to this price again despite bullish markets of 2021 and 2024.

The news of its settlement with SEC should have triggered surge in its price but yet it is trading at 0.5742 which is disappoint for XRP holders. Let's watch and wait how it performs in coming days and weeks.

[el kaka22]

I still do not think that we are going to end up with a good price for Ripple at all, it is going to be quite tough and we are going to end up with a bad result. This should be very dangerous for people who keeps on investing into this and that can't be good for any investor. If you keep thinking that they are out and they can be finally free, you are not realizing what just happened. This is 125 million dollar fine, which they are going to pay from the money they made from you, nothing further than that. I think it is going to be not that easy to handle and we can't really consider that as a good thing, we can't make it work any other way.

So, we should probably consider that it is going to be tough to handle, and we can't really make it work if we keep trusting the people who take your money and gets sued. They may end up doing the same, do something illegal, and pay fines with your money and you shouldn't be doing that at all. We should consider that as reality.

[Abiky]

I think I've heard a user earlier which states that Trump is a big scam. I think he was referring on him and his promises about cryptos and Bitcoins. Imagine if he won and if it's true? That could cause a massive disappointment from the crypto community. That was also their fault anyways because they immediately believed on the guy despite knowing that he is involved on some anomalies before. With that being said, imagine if he also put a ban in cryptos?

Though it must not be a global one, rather it is only effective on the same country he is living. That would be a total disaster.

XRP on the other hand is a coin made by a bank, so no wonder why many banks warmly supports this coin. Despite of it, I don't think XRP can replace SWIFT because it is more established than it and we must not forget that XRP is still a crypto, I mean maybe some operations which are essential may not really be possible because of that fact.

If what you only want is a boom, then there are still cryptos which can possibly do that. It's not SEC that decides to give up on their agendas but it was XRP who courageously fought its battle and it's worth it because they finally won at the end.

Of course. We can never know for sure until Trump wins the election. If he backs down, the crypto community will vote for Democrats. As simple as that. I don't think he wants that to happen. Right? Crypto-friendly regulations would certainly benefit XRP in the long term. With the SEC backing down, the road is clear for XRP to reach new heights.

The most exciting thing would be the launch of a new stablecoin. Ripple (the company) could position itself as the leader in the stablecoins industry. Perhaps, this will become America's new CBDC? The stablecoin + the XRPL replacing SWIFT would result in higher market prices for the "cryptocurrency" over the long term. It would be the preferred coin of banks worldwide. Who knows what surprises we'll find in the future?

[mich]

Well we now know Ripple will pay $125 Million in fines from the ruling of the sec. But there is alot of things that is going to happen now.

https://www.coindesk.com/opinion/2024/08/16/whats-next-in-sec-v-ripple/

[betswift]

Well we now know Ripple will pay $125 Million in fines from the ruling of the sec. But there is alot of things that is going to happen now.

https://www.coindesk.com/opinion/2024/08/16/whats-next-in-sec-v-ripple/

Yeah, I like this mainly about this situation: "It's a key loss for the SEC because it takes the wind out of the SEC's sails in other cases where tokens are trading on exchanges, especially if they've been trading there for years".

[JamesDaniel90]

Have been investing in XRP just over a year now and to be honest I expected more price action from this news.

This was supposed to be a massive news, those who have been investing in XRP for over 4 or 5 years had been waiting for this news for years and it hardly went up at all.

I will continue to hold my XRP for the long term as feel the real price action will come in the next bull run in 2028/29.

I think it could potentially reach $3-5 in the next 12 months but that's not enough for me to sell I want $20+ and I think that will come in 4 years or so.

[betswift]

Have been investing in XRP just over a year now and to be honest I expected more price action from this news.

This was supposed to be a massive news, those who have been investing in XRP for over 4 or 5 years had been waiting for this news for years and it hardly went up at all.

I will continue to hold my XRP for the long term as feel the real price action will come in the next bull run in 2028/29.

I think it could potentially reach $3-5 in the next 12 months but that's not enough for me to sell I want $20+ and I think that will come in 4 years or so.

Hello! Going deep into the trenches of hodl, as I see I hope you will reach your goal.

[JamesDaniel90]

Have been investing in XRP just over a year now and to be honest I expected more price action from this news.

This was supposed to be a massive news, those who have been investing in XRP for over 4 or 5 years had been waiting for this news for years and it hardly went up at all.

I will continue to hold my XRP for the long term as feel the real price action will come in the next bull run in 2028/29.

I think it could potentially reach $3-5 in the next 12 months but that's not enough for me to sell I want $20+ and I think that will come in 4 years or so.

Hello! Going deep into the trenches of hodl, as I see I hope you will reach your goal.

XRP and Bitcoin are the only two I will hold long term, the rest I will take profits and sell over the next 12 months.

I know I am in the minority believing in XRP but I just have a feeling it will be big in a few years so I am just buying a small amount each month while price remains below $1.

[betswift]

Have been investing in XRP just over a year now and to be honest I expected more price action from this news.

This was supposed to be a massive news, those who have been investing in XRP for over 4 or 5 years had been waiting for this news for years and it hardly went up at all.

I will continue to hold my XRP for the long term as feel the real price action will come in the next bull run in 2028/29.

I think it could potentially reach $3-5 in the next 12 months but that's not enough for me to sell I want $20+ and I think that will come in 4 years or so.

Hello! Going deep into the trenches of hodl, as I see I hope you will reach your goal.

XRP and Bitcoin are the only two I will hold long term, the rest I will take profits and sell over the next 12 months.

I know I am in the minority believing in XRP but I just have a feeling it will be big in a few years so I am just buying a small amount each month while price remains below $1.

Everybody has coins and tokens to believe, and it's okay as long everybody is happy with what they get, in my opinion They are good, bad, the ugly, and everybody has their own opinion of each of them. Fingers crossed, you will stick to your plan and get what you intended to get.

[bitgolden]

I still do not think that we are going to end up with a good price for Ripple at all, it is going to be quite tough and we are going to end up with a bad result. This should be very dangerous for people who keeps on investing into this and that can't be good for any investor. If you keep thinking that they are out and they can be finally free, you are not realizing what just happened. This is 125 million dollar fine, which they are going to pay from the money they made from you, nothing further than that. I think it is going to be not that easy to handle and we can't really consider that as a good thing, we can't make it work any other way.

So, we should probably consider that it is going to be tough to handle, and we can't really make it work if we keep trusting the people who take your money and gets sued. They may end up doing the same, do something illegal, and pay fines with your money and you shouldn't be doing that at all. We should consider that as reality.

There is no doubt that they will not grow faster than the market, that much is known. The main reason is that they are a 10+ year old project with absolutely nothing new that is good, and the risks are just keep growing. Their only point was "lets use blockchain tech as fintech and move money around very cheaply" and that's what they did, that's it, nothing more. Which we all know is just a way for them to make money, and they are using us, so that much is for sure.

I think it's clear that we are going to face some issues, and a lot of people do not know what they are going to do about this, they hope for the best but we all know that it will not happen that easily. So, we need to be careful about these people, they still look quite shady. If they keep on doing these risky stuff then they are going to end up with a lot more problems and with that in mind that means it will also be prevented once again like you said. So I stay away from it and won't ever invest.

[mich]

Well and now there is possible chance this case is not coming to a end. The top lawyer for Ripple named Stuart Alderoty did say it is not a surprise for him if the sec does want to appeal the decision for $125 Million.

And the sec has 60 days if it wants to appeal the decision. https://u.today/ripples-top-lawyer-wont-be-surprised-if-sec-appeals

[Abiky]

Have been investing in XRP just over a year now and to be honest I expected more price action from this news.

This was supposed to be a massive news, those who have been investing in XRP for over 4 or 5 years had been waiting for this news for years and it hardly went up at all.

I will continue to hold my XRP for the long term as feel the real price action will come in the next bull run in 2028/29.

I think it could potentially reach $3-5 in the next 12 months but that's not enough for me to sell I want $20+ and I think that will come in 4 years or so.

I think the problem is the huge number of tokens in circulation. Aside from the fact that Ripple (the company) controls a large portion of the circulating supply, and the XRP Ledger itself is utterly-centralized. That's what is holding XRP back. Ripple should sell its holdings OTC, to save the cryptocurrency itself. By leaving everything in the hands of the community, the project will flourish like never before. Developers can decide to burn XRP per transaction to further boost its price. Or they could simply reduce inflation on the protocol.

I'm yet to see if XRP will have success with American regulators further down the road. The SEC may have backed down, but that doesn't mean it will be "reds and roses" from now on. What if Kamala Harris and her team win in November? Then, XRP and the rest of the crypto industry will experience more pain in the long run. The future can't be predicted, so lets hope for the best.