Ripple’s XRP token has recorded nice gains recently, rising close to 20% within 24 hours. When explaining this price rally, analysts pointed to several factors, including rumors that major digital currency exchange Coinbase will soon list the XRP token for trading.
SEC Complaint against Ripple may cause the first financial collapse in crypto universe
The last days of 2020 saw the U.S. SEC complaint against Ripple Labs Inc. alleging that its XRP is actually a security. A regulatory attack on the entire crypto scene, some analysts argue. Once the 3rd-largest crypto, XRP's market cap plummeted from more than $26 billion to less than $10 billion. Some crypto exchanges such as Coinbase, OKCoin, or Crypto.com have suspended trading in XRP. Is it the end of days for XRP and the crypto bull-run?