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