#BinanceSquare
XRP
1.8955
-0.87%
#XRP , the cryptocurrency associated with Ripple, burst onto the market with the promise of revolutionizing international transfers. Its technology, fast and economical, seemed destined to change the game. However, the years following its launch were marked by a notable stagnation.
What caused this long slumber? Mainly two factors: the legal battles with the SEC and the massive sales of XRP by Ripple. The U.S. Securities and Exchange Commission accused Ripple of selling XRP as an unregistered security, creating significant uncertainty in the market. At the same time, the continuous sales of XRP by the parent company exerted downward pressure on the price.