This story was originally published here.
Over the last few weeks, cryptocurrencies, like Ripple (XRP) rallied to historic highs. However, don’t be so quick to invest. At least, not until the smoke clears. After slipping from about 63 cents to a recent low of 26 cents, XRP could see lower lows.
If you really want to buy, wait for the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple to blow over.
Cryptocurrency exchanges have been parting ways with XRP after the SEC filed a lawsuit against the coin’s issuer, Ripple Labs. Coinbase even suspended trading on XRP last week. Kraken also froze XRP trading in the U.S. following the suit, as well.
In addition, XPR investors were advised to settle their positions in the coin to avoid any disruption by 5 p.m. PST Friday, Jan. 29. In addition, we have to consider that institutions aren’t likely to touch the coin until the legal issues have been resolved.
All thanks to an SEC lawsuit that alleges XRP has always been a security rather than a currancy, and that it should have been registered with the commission… Story continues here.
Sponsored:
[BUY ALERT] Details on Four Altcoins With 10X Potential
Hello Reader,
I’ll keep this brief…
My new business partner and I have just found four altcoins that are poised for a major breakout.
We’re predicting these four altcoins will blow past the coveted 1,000% over the next 12 to 24 months.
And it’s all thanks to a massive technology upgrade called “The Awakening.”
Virtually every major corporation and government agency is investing billions to prepare for this Awakening.
I’m talking about Apple, Microsoft, Google, Amazon, Facebook, and the departments of Defense and Homeland Security, to name a few.
We’ve located four small altcoins that we predict will be the biggest winners from this technology upgrade.
And if you take a small stake right now, you may never have to worry about money again.
If you want to learn more about the Awakening and details on the four altcoins that could absolutely soar because of it…
Talk to you soon,
Matt McCall
Senior Investment Strategist, InvestorPlace
P.S. If you watch the video all the way to the end, you’ll receive the name and ticker symbol to our favorite altcoin for free. Watch this recording while you still can.
