Ripple has been bouncing between the $1 - $0.5 levels since the SEC lawsuit FUD was released. These levels are considered as good zones to trade because of the purpose of the coin, make transactions and payments between institutions faster and cheaper than traditional methods.
After some time, it seems that Ripple may win the lawsuit. In this case, investors would start buying Ripple again as a sign of trust on the company integrity. We must remember that this coin is usually classified in the CeFi (Centralised Finances) category.
In conclusion, XRP at $0.6 should be something to keep the eye on.
After some time, it seems that Ripple may win the lawsuit. In this case, investors would start buying Ripple again as a sign of trust on the company integrity. We must remember that this coin is usually classified in the CeFi (Centralised Finances) category.
In conclusion, XRP at $0.6 should be something to keep the eye on.
