Ripple's digital currency XRP has risen 37% in the past 24 hours. However, the increase has not yet been sufficient to cover all the losses of the past few days.
After the United States Securities and Exchange Commission accused Ripple of illegally issuing the XRP, the token plummeted with the risk of being removed from major exchanges and banned from the U.S.
As a result, the currency fell ~ 64% to less than R $ 1.20. However, the recovery came quickly, with an increase of 37% in the last 24 hours. It is still not enough to cover the losses of those who bought high, but it is certainly a good profit for those buyers of downtown.
Enthusiasm is fueled by hopes that the asset will not come from other brokers and large funds. Even so, the outcome of the lawsuit against Ripple is still unpredictable and could generate more volatility according to the events of the coming weeks or months.
If you have the appetite and the profile to take very high risks, XRP seems like a good option right now.
Invest in cryptocurrencies with security, high liquidity and the lowest rates in the market.
NovaDAX: the most complete exchange in Brazil with more than 25 cryptocurrencies listed and the best customer service score.