Ripple (XRP) Posts Double-Digit Price Gain as U.S. Maintains Positive Stance on Cryptocurrencies
Despite being embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC), XRP investors appear confident in the cryptocurrency’s prospects. XRP has separated itself from many of the other top coins with a strong 13% increase over the past 24 hours as the SEC’s case against Ripple moves closer to resolution.
How and Where to Buy Ripple in Sweden
Cryptocurrency brokers and exchanges are the most reliable platforms to buy Ripple. To get started, register an account by providing a username, email address and phone number — a process that typically takes only a few minutes. Once your account has been verified according to KYC requirements, you can begin trading.
Using regulated platforms is recommended, since decentralized exchanges are often unregulated and carry a higher risk of loss. Below are two reputable platforms where you can trade XRP easily.
What Is Ripple and Why Is It Rising?
XRP is one of the most well-known cryptocurrencies and serves a clear use case. It competes directly with the SWIFT network, the dominant global banking messaging system. Ripple’s price growth stalled after it became the subject of a legal dispute in the United States. The SEC alleges that Ripple sold its token, XRP, without registering it as a security, which would be a violation of U.S. securities law.
If Ripple successfully resolves its legal issues, XRP could become one of the strongest assets in the market because the outcome would remove significant regulatory uncertainty surrounding the project.
Should I Buy XRP Today?
Cross-border payments form a substantial industry, and Ripple aims to provide the infrastructure to make those transactions nearly instant and inexpensive. Investing in XRP now requires careful monitoring of the U.S. lawsuit, as the legal outcome is likely to have a major influence on future price movement. If the case is decided in Ripple’s favor, the price could potentially double or triple from current levels. At the time of writing, XRP is trading around $1 per coin.
This situation also presents a unique opportunity for investors to capitalize on price volatility.
Weekly chart for Ripple. Source: CoinMarketCap