Surprising facts in Ripple 2020 report!
Is Ripple a good investment or is Ripple a bad choice? You can find the answer to this question on this page at www.hostagons.com/
Is Ripple recovering?
Ripple, a venture founded as a financial technology company with a capital of over 10 billion dollars, and in its report on the last quarter of 2020, announced that it has doubled its OTC sales to market participants in order to provide XRP liquidity..
In the last quarter of last year, Ripple sold a total of 76.27 million dollars to market participants. 3 of 2020. According to the report, these sales and leases are being made by the company as part of providing XRP liquidity to some Ripple partners and RippleNet members so they can improve their ODL transactions.
Due to Ripple’s lawsuit, 33 market participants took restrictive measures against XRP.
The report also states that the US Securities Exchange Commission SEC’s Ripple and two CEOs Brad Garlinghouse and a partner reveals that multiple platforms have started to take some restrictive measures against XRP after announcing that it is taking legal action against its founder and former CEO Chris Larsen. These platforms did not remove them from the list, but suspended trading of XRP pairs. Among them Bitstamp, Coinbase, Kraken etc.. and Grayscale, which has shut down its Grayscale XRP Trust.
However, Coinbase customers can use their XRP wallet to store coin or withdraw it to other platforms or wallets.
Generally, the report is of this type. mentions thirty-three companies.
2.6 billion XRP locked in escrow
Ripple, on the first day of each month, spends some of that money to cover its selling or operational expenses. issues one billion XRP tokens from its escrow wallet to use.
However, about eighty percent of that is usually locked up later. According to the report, 4 of 2020. In Q4, Ripple locked 2.6 billion XRP in escrow.
“4 of 2020. Three billion XRP was released from escrow (one billion each month) in line with previous quarters. In total, 2.6 billion XRP was returned and then placed in new escrow contracts.”
Source
Dark allegations about XRP!
The aftershocks of the lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple continue. Cryptocurrency exchanges are delisting Ripple’s XRP one by one. With the effect of all these negative developments, XRP is seriously losing value.
Before the lawsuit was filed, XRP was trading above 60 cents.. At the time of writing, it fell below 20 cents.. It even fell as low as 17 cents at one time.
SEC considers XRP a security. He accuses Ripple of issuing securities to the market without permission and license.. The debate over whether XRP is a security or not has long occupied the market.. The lawsuit filed by the SEC led to the beginning of dark days for Ripple.
The fact that XRP made a serious pump and reached 90 cents just before all these discussions caused serious doubts in the minds.
Please See: Ripple news, agenda and breaking news
I wonder if Ripple executives or some whales foreshadowed the SEC lawsuit and manipulated prices!
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In the chart below, we see the change in XRP prices since the beginning of 2020. Serious price movements in the last 1 year begin right before the SEC lawsuit.
Jed McCaleb, one of the former founders of Ripple, has a significant amount of XRP according to the report of WhaleAlert and has sold a significant amount of XRP throughout 2020.. McCaleb exchanged about 1.2 billion XRP for an average of 34 cents. McCaleb made about $411 million from this sale.
McCaleb still has over 3 billion XRP.. Were the former or new executives of Ripple aware of the lawsuit to be filed by the SEC? Only they can give clear answers to these questions.. But it’s also a fact that just before the SEC lawsuit, XRP prices went up to 90 cents, which is very suspicious.
Source
Please See: Current Ripple (XRP) Technical Analysis : XRP dollar parity and live price chart
The good and bad sides of Ripple
The 3rd largest cryptocurrency Ripple Those who criticize and supporters have strong arguments.. What are the good and bad sides of Ripple?
We can summarize the missions of the top 3 cryptocurrencies in the cryptocurrency markets as follows:
Bitcoin: Value accumulation tool and reserve
Ethereum: Universal computer. The host of dapps and tokens.
Ripple: International value exchange tool.
It is not a dream that top 3 cryptocurrencies can fulfill the above missions.. If a good global conjuncture is caught, the coins in the top 3 can easily fulfill their mission above.. This is due to the strengths of Ripple’s good and bad sides.
What are the disadvantages of Ripple?
1- XRP has an extremely centralized structure compared to other cryptocurrencies. XRP is the cryptocurrency of Ripple, a centralized company with a CEO, board of directors and headquarters.. Company decisions can have powerful consequences on the value of XRP, beyond the market.. As a matter of fact, years ago, Ripple co-founder Chris Larsen left Ripple due to disagreements and founded Ripple’s competitor, Stellar.
2- Only 44% of the XRP supply has been released and the remaining 66% is waiting to be released.. Naturally, there is always a fear of dumping in XRP.
3- Since there is a significant amount of XRP in circulation, prices react late to positive developments in the market.
4- Litigation against Ripple.
What are the advantages of Ripple?
1- It has a strong blockchain network and allows competitive international fund transfer.
2- Unlike Libra, Ripple managers get along well with regulatory and supervisory agencies.
3- Ripple SBI and MoneyGram like international financial institutions develops efficient business partnerships with companies.
4- Low XRP prices allow investors to buy XRP from the bottom.