Is This One Catalyst for XRP a Sell-the-News Event?
XRP (CRYPTO: XRP) just got a catalyst that was originally anticipated for mid-April. It was very positive, and the impact will resonate for years to come.But it's often the case in the financial markets that it's wise to sell an asset upon receiving significant news, as many catalysts are anticipated by investors who are only concerned with the asset's future performance. Is that going to be true this time around, or is XRP going to be worth holding for the long run?The biggest risk facing XRP during the past four years has been the lawsuit brought by the Securities and Exchange Commission (SEC) alleging that Ripple, the company that issues the coin, had conducted an unregistered securities offering. The crux of the SEC's argument was that Ripple should have filed the paperwork asking for permission to sell it, rather than simply advancing without asking.Continue reading
XRP (CRYPTO: XRP) just got a catalyst that was originally anticipated for mid-April. It was very positive, and the impact will resonate for years to come.
But it's often the case in the financial markets that it's wise to sell an asset upon receiving significant news, as many catalysts are anticipated by investors who are only concerned with the asset's future performance. Is that going to be true this time around, or is XRP going to be worth holding for the long run?
The biggest risk facing XRP during the past four years has been the lawsuit brought by the Securities and Exchange Commission (SEC) alleging that Ripple, the company that issues the coin, had conducted an unregistered securities offering. The crux of the SEC's argument was that Ripple should have filed the paperwork asking for permission to sell it, rather than simply advancing without asking.
