Debunking the Mystery Behind Ripple’s Alleged $1 Billion Stash
Ripple won a partial victory in its court case against the SEC, but it was still found guilty of some of the charges.
Ripple could be fined up to $1 billion, which could be a financial burden for the company.
It is unclear whether XRP has the funds to pay the fine.
Some investors are not concerned about the fine, as they believe that XRP is still a valuable asset.
XRP is still largely overbought, and it is likely to consolidate or enter a correction before moving further upwards
Ripple won a pretty astounding victory in court, putting an end to its overextended battle against the Securities and Exchange Commission (SEC) over the sale of some XRP.
Ripple and XRP dominated news outlets and media outlets for days on end, as XRP more than doubled in price