But this sidechain is a lengthy undertaking with three phases. What if Ripple loses and XRP is deemed a security? So much so that currently XRP is the 3rd largest digital asset in the world while Ripple has plans for an IPO. While the exact reason for the price decline is not clear, it is likely due to a combination of factors including the overall bearishness of the cryptocurrency market and concerns about the future of the Ripple network. Ripple might surge to a maximum price of $0.62. Ripple is focused on a certain goal. Is there an investment of money with the expectation of future profits? No one at the Department of Justice has ever made a statement about whether XRP is safe to be classified as a security. However, Judge Phyllis J. Hamilton took the motion under submission and theres no fixed date for her announcement. According to SEC regulations, Xrp was classified as a security in part because it was used to finance Ripple, a retail financial platform. But the volatility has not stopped analysts from makingXRP predictionsbased on trends. On 22 December 2020, the SEC announced that it had "filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing . Specifically, the SEC claims that XRP isa securitywhose offer and sale can be made only pursuant to a statutory prospectus and an effective registration statement and that because Ripple did not file a registration statement its investors have a rescission right. However, even if Judge Hamilton dismisses the lawsuit, XRPs fate will still ultimately depend on the decisions taken by U.S. regulators SEC and CFTC. Otherwise, a bearish breakout should be expected, with price movements remaining range-bound until further indications arise.
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