Long

XRP - A fundamental case for a long term bias/trade

Facts:
- SEC is suing Ripple Labs for the sale of unregistered securities
- XRP and Ripple are not the same. XRP is the coin, Ripple Labs is the company
- Unless Ripple Labs goes public, XRP it is not a security

Bullish news:

SBI, a Japanese company that has recently acquired multiple crypto exchanges in 2020 and initially invested in XRP with company SBI Ripple Asia in 2016, is interested in a crypto index that is majority XRP
SBI offers shareholders XRP as dividend payouts
SBI Ripple Asia is not being sued by the SEC

SBI Ripple Asia is very interested in using XRP as its blazing fast remittance currency, and MoneyTap (not a U.S. company) will be using it.
"Interbank transfer fees remained high in Japan and have not been changed for more than 40 years, which is unusual by international standards."
Japan's regulatory body FSA has already declared XRP is not a security.

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My published indicators: tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

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Related publications

XRP - These moves aren't ripples, they're tsunamis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

My published indicators: tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Also on:

Related publications

XRP - These moves aren't ripples, they're tsunamis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.