However, recent developments have given hope to XRP holders and raised its prospects in the market. Let's take a closer look at what's been going on with XRP and what the future holds for this popular cryptocurrency. The SEC Lawsuit and Its Impact on XRP The SEC filed a lawsuit against Ripple in December 2020, alleging that the company and its executives had sold XRP as an unregistered security, violating federal securities laws. This news sent shockwaves through the cryptocurrency community, as XRP is the fourth largest cryptocurrency by market capitalization and has a large following. The price of XRP plummeted and many exchanges delisted the cryptocurrency, causing further harm to its value. XRP Community's Response The XRP community rallied behind the cryptocurrency and its parent company, Ripple, in response to the lawsuit. They created the hashtag #RelistXRP and organized campaigns to urge exchanges to relist XRP. This led to some success, with exchanges like...
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