In 2020, a single SEC lawsuit sent $XRP plunging 70% in just a few days. And now Ripple is publicly backing SEC regulation? This apparent “olive branch” has left plenty of bullish shills dumbfounded.
The market is up just 2.9% over 24 hours, so clearly the slogan hasn’t stirred up much money. More than the vision of regulatory compliance, the market cares whether it can hold on to the additional $21 billion in market cap from 2023.
If trading volume can’t keep up, this positive news could easily turn into a “buy the rumor, sell the news” situation. I may be underestimating how appealing compliance is to institutions. For now, I’ll keep a close eye on turnover around 1.3—no chasing without a volume surge.
Come discuss the ins and outs of the $XRP battle in the comments. You can also earn rewards by participating in Write to Earn—better than listening to rumors in group chats.
Do you think Ripple is backing down and seeking peace, or paving the way for the next big rally? Comment 1 if you think it’s backing down, or 2 if you’re bullish.
#Write2Earn #BinanceSquare #XRP Regulation #TradingTournament
The market is up just 2.9% over 24 hours, so clearly the slogan hasn’t stirred up much money. More than the vision of regulatory compliance, the market cares whether it can hold on to the additional $21 billion in market cap from 2023.
If trading volume can’t keep up, this positive news could easily turn into a “buy the rumor, sell the news” situation. I may be underestimating how appealing compliance is to institutions. For now, I’ll keep a close eye on turnover around 1.3—no chasing without a volume surge.
Come discuss the ins and outs of the $XRP battle in the comments. You can also earn rewards by participating in Write to Earn—better than listening to rumors in group chats.
Do you think Ripple is backing down and seeking peace, or paving the way for the next big rally? Comment 1 if you think it’s backing down, or 2 if you’re bullish.
#Write2Earn #BinanceSquare #XRP Regulation #TradingTournament