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Ripple: Loyal fan base campaigns for XRP rehabilitation


 

A social media campaign by the XRP Army aims to motivate the crypto exchanges to resume trading in XRP. Many had canceled their Ripple offer in the face of the SEC lawsuit. There is already a first resumption.

In the course of the legal dispute between Ripple and the SEC, a large number of crypto exchanges suspended trading in XRP. Nevertheless, the price has recently increased significantly, while the prices of other cryptocurrencies tended to turn down. One reason for this could be a campaign that loyal Ripple fans started under the hashtag #RelistXRP. The aim is to ensure that trading with XRP is possible again. The fan base is also called “XRP Army” by the scene. She feels that it is unfair that the exchanges have removed Ripple (XRP) from their ranges due to the legal tussle with the SEC.


In her opinion, the ongoing legal process should not affect trading in digital asset. Even if it is not a crypto exchange, the loss of business partner MoneyGram Ripple certainly hurt one of the most. The hope of a resumption of business relations is still there if the dispute with the SEC turns for the better.

Ripple recently advertised itself and touted its network as the ideal solution for the cross-border use of CBDCs. It is argued that Ripple's network is playing a critical role in changing the dynamics of cross-border payments.

SBI Holdings is loyal to Ripple

Ripple CEO Brad Garlinghouse is always calm in the face of the legal dispute. He recently stated that the legal proceedings would have no impact on business with business partners in Asia. Ripple partners in Asia like SBI Holdings have retained their support despite the difficult legal battle . 

In Japan, XRP continues to be traded on crypto exchanges, where it is explicitly registered as “cryptocurrency assets” rather than “securities”. The dispute with the US Securities and Exchange Commission is precisely about this controversial point. The latter had recently exacerbated their lawsuit, claiming that Garlinghouse and co-founder Larsen generated $ 159 million and $ 450 million in revenue from their XRP sales, respectively, after the lawsuit was filed.

The RelistXRP initiative has already reported its first success on Twitter. As a screenshot shows, the Swiss crypto exchange Lyyke is the first to resume trading with XRP. Registered users received an email announcing this step. Now the community is waiting for more trading venues to emulate lykke.

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