Ripple CEO shares liquidity milestones, but are XRP holders being left behind
As 2021 draws to a close, year-end discussion threads are all the rage now. To everyone’s surprise, one person who remembered a tumultuous 2021 to voice his opinions vocally was none other than Ripple CEO Brad Garlinghouse.
New Year, old trial
“Proud to say it was @Ripplestrongest year on record (XRP-based on-demand liquidity payments represent 25% of dollar volume on RippleNet, and ODL txns are multiplied by 25 from Q3 2020 and 130% QoQ)… “
That said, however, it’s not all champagne and celebrations for the thousands of XRP holders. Their assets were either written off from major stock exchanges, did not experience an expected price hike, or were even frozen in retirement accounts.
Crypto lawyer John Deaton, representing tens of thousands of XRP holders in the SEC lawsuit against Ripple Labs, urged the court and regulators to draw a firm line between Ripple as a company and those who bought XRP for reasons other than investments.
A small percentage of #XRPHolders hold on #XRP in a retirement account by @iTrustCapital. Those #XRPHolders cannot sell, trade or convert their #XRP. It was frozen because of the token-related over-the-sea allegations #XRP himself. The Howey Court never said it was securities.
– John E Deaton (@ JohnEDeaton1) November 7, 2021
However, the holders of XRP and Ripple’s Garlinghouse are on the same page when it comes to who should ultimately unravel SEC v. Ripple. Executive urged,
“This holiday season, let’s take the time to reach out to our elected officials in Congress so that they understand the need to act now. I hope the industry gets answers instead of another lump of coal… ”
It is therefore safe to say that when SEC v. Ripple will resume in mid-January, XRP holders might think they have a lot more to lose than the CEO of Ripple.
Anything to soon be a “whale”?
At the time of going to press, XRP was trade at $ 0.9969, after experiencing a 3.53% increase in the past 24 hours. During the lawsuit, Ripple argued that the SEC’s actions negatively impacted the price of XRP, even though the company itself appeared to be doing quite well.
Surprisingly, one influencer who might be bullish on XRP is Mr. Whale.
Keep a close eye on $ XRP
We could see a major pump-up if we got out of this symmetrical wedge pattern.
Lots of whales are piling up, which could be a sign. pic.twitter.com/2HzfXdPkEo
– Mr. Whale (@CryptoWhale) 23 December 2021
In a recent tweet, the analyst claims that the price of XRP rose after Bitcoin, adding that the latest royal coin crash could mean more influx into altcoins.