XRP rally continues, should investors take cautionary measures now?
The decision by investors to stick with XRP is a testament to the renewed trust that is now associated with the ongoing lawsuit between the United States Securities and Exchange Commission and blockchain payments firm Ripple Labs Inc, as concernsAccumulating XRP now comes with minimal regulatory risk, and top digital currency trading platforms have helped complement this move by relisting the token.
There is a unique rule in the trading world, and that involves a consistent interchange between price growth and price falls. With XRP growing as high as 70% in the past week, there is a high probability that the coin may reverse its growth in the near term. Additionally, legal experts with a focus on crypto have warned that the Ripple lawsuit is not completely over and, as such, more headwinds may lie ahead.
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