The lawsuit brought by the SEC against Ripple has affected the price of the digital currency XRP and the psyche of holders of the coin who are in doubt about the upcoming situation and legal hearings and how it will affect the coin.

Below we have quoted some opinions from analysts and experts in the crypto industry, who gave their opinions on the status of the digital currency Ripple and predictions about its future.

Ripple is a security currency:

Stephen Bally, an experienced expert in the legal aspects of the blockchain and crypto sectors, expressed about Ripple and its case with the SEC, stating:

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Ripple is a security currency.

Thus, his opinion agrees with the US Securities and Exchange Commission, which also sees the Ripple currency as a security currency, which Ripple denies and says that its currency is a tool like Bitcoin and Ethereum.

Some conclusions
1. XRP = Security
2. Craig Wright ≠ Satoshi
3. Bitcoin ≠ Ponzi
4. Cryptocurrency prices are manipulated
5. Rotten cord on a large scale
6. Ayn Rand is boring
7. printer money go brrrrrr good
8. Howey’s logical test
9. Herring = good
10. Hindsight is not 20/20

– Bali (@stephendpalley) Jan 23 2021

In his tweet, Bali also noted that Mr. Craig Wright is not Satoshi Nakamoto and Bitcoin is not a fraud, and also pointed to the fact that the crypto market is controlled, and that Tether is a corrupt currency.

Ripple will be from the past at the end of 2021:

Phil Liu, co-founder of New York-based cryptocurrency management firm Arca, predicts that XRP will become a relic of history by the end of this year, according to a report. mentioned The Wall Street Journal added:

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I think this thing will be a relic of history by the end of 2021.

As a reminder, in December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against the company behind the XRP coin, Ripple, the lawsuit states that the company’s CEO “Brad Garlinghouse” and its former president “Chris Larsen” personally obtained about $ 600 million in XRP sales Not registered.

Liu says that the lawsuit and the allegations contained in the SEC complaint, which were often talked about, are convincing, and that Ripple directly relies on its digital currency, XRP, as the company’s sole income.

Back in February 2020, Garlinghouse had previously told the Financial Times that Ripple would not be profitable without XRP sales, and his statement came at the time:

We will not be profitable without selling XRP

In late December, Liu predicted that Ripple would eventually become insolvent by the end of 2021 since the company had no alternative to XRP sales falling under the SEC’s sights.

Liu stated in this regard:

I don’t see a viable alternative to redeeming XRP sales except for exiting the US and excluding US investors from buying XRP.

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They will have to start from scratch, because all the profits of XRP will collapse since the biggest investment in it was given that it is a US-based company.

Ripple has an important date next February, when it will start its first public session with the SEC, according to the statements of “Garlinghouse” CEO of Ripple, there is no reason to be afraid or worried because Ripple will eventually win.

In conclusion, it can be said that the situation of the Ripple currency at the present time is thorny, away from intimidation, until its matters become clearer and the position of the SEC towards it becomes clear.

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