XRP Wins Against The SEC: Price Implications vs. VC Spectra and Cardano
Ripple (XRP) has won the SEC lawsuit, which listed it as a security. However, the verdict this week announced that Ripple (XRP) is not a security. The crypto community received this news well, and Ripple (XRP) saw an immediate surge to its yearly high. Meanwhile, VC Spectra (SPCT) raised $2.4 million in a private presale. Will Cardano (ADA) be able to match the growth of Ripple (XRP) and VC Spectra (SPCT)? Let’s have a look.
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In a recent news flash on July 13, the court announced the verdict for XRP vs. SEC in the Securities Lawsuit. Ripple (XRP) was concluded not to be a security, sending shockwaves all over the crypto world.
The Ripple (XRP) token saw an immediate surge which sent it to a new yearly high of $0.82. At the same time, this is up by more than 150% since last year’s July.
The bullish trend that the news triggered is looking strong as Ripple (XRP) constantly moves high. RSI and EMA indicate an overbought position for Ripple (XRP), but since the news has just hit and there is a lot of volatility in the price, their estimations might not be accurate.
Analysts predict that Ripple (XRP) may go above the resistance region of $1 if it breaks out, but the chances of that happening are “pretty slim.”
VC Spectra (SPCT), a new asset management blockchain, has gathered much attention. The VC Spectra (SPCT) blockchain offers safe investments to generate sustainable income for people from all backgrounds, regardless of their financial position and expertise.
With its decentralized investment management system, VC Spectra (SPCT) includes its investors in all blockchain decisions. Furthermore, their investments are protected by venture capitalists and risk managers from VC Spectra (SPCT).
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