Ripple provided an official response to the US SEC’s legal claims. Let’s figure out whether they are willing to recognize XRP as a security; how XRP sales by the company and its founders Brad Garlinghouse and Chris Larsen are going. This document has already been called a harsh response, and it has triggered the XRP price recovery.
The second driver was the XRP WallStreetBets pump, scheduled for 1 February. As a result we saw a 130 percent increase at some point with the potential to reach $1 in the next few days. But the history of pumps is quite unreliable, and we’re gonna find out the real price after it’s over.
see also:
Litecoin explosive growth. First target LTC is $300. Litecoin 2021 price prediction –
Polkadot to surge 500%! DOT altcoin review: why its price will keep rising up to $100 –
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