As you know currently XRP is going through some difficulties with SEC.
SEC is a government oversight agency responsible for regulating the securities markets and protecting investors.
XRP was accused of printing extra amounts of XRP and selling it privately without investors' notice.
Because there is no actual proof of XRP being wrong, here are 3 main reasons why we think this coin is going to have a great take-off in the nearest future after SEC allegations are over.
1) SEC has charged 3 different Cryptocurrency companies in the past however none of them were proven guilty. Therefore, there is a high chance that a similar scenario is going to play out in this situation as well.
2) Ripple has a professional team of lawyers who are going to support XRP and protect its innocence at all costs.
3) The most interesting is that most of the exchanges removed Ripple from their currency pairs, which means the coin is not available for sale at the moment. However, a few days ago around 400,000,000+ XRP were transferred from unknown wallet to COINBASE Exchange.
Coinbase is one of the exchanges which prohibited buying/selling XRP on their platform. Now ask yourself, why would someone transfer such a large amount of Ripple to an exchange where it's not even tradeable? Seems fishy...
Here's proof of a couple of transactions made a few days ago:
Based on the given information It seems that XRP is going to have a pretty good take-off after the SEC case is over. This is not financial advice. However, if you want to gamble a little bit for a quite reasonable return now is the best time to get in. Once XRP sky-rockets don't be greedy and pull out as soon as your guts start telling you to do so.
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