Ripple’s XRP soars 30% - why you should be supporting Ripple, regardless of your opinion on XRP

I’m sure most of you here have seen XRP’s staggering performance today. The reason for this post is because most people on this sub dislike XRP due to its centralised nature. However, the following reason - in my opinion - is why everyone should be cheering for Ripple in the ongoing lawsuit, no matter your opinion on XRP.

Let’s face it, XRP holders have had a rough few years after the lawsuit was announced in December 2020. However, as the years have gone on, we have seen countless amazing projects enter and drop out of the top 10 - Chainlink, Monero, Tezos - to name a few. Guess which coin has amazingly retained its top 10 spot, despite having the SEC on its back? You guessed it: XRP.

Regardless of whether you hold, love or hate XRP, Ripple are doing what pretty much all of us would love to do, and that’s give a huge middle finger to the SEC. One must realise that an SEC victory will put so many other projects under scrutiny, and this will not favour crypto well as a whole. We will witness many of our favourite projects being placed under the microscope of the regulators. However, if the lawsuit ends with a Ripple victory, it may potentially set up crypto for a (mini) bull run, as regulators are forced to lay off as we see some sort of regulatory clarity in our beloved industry. The crypto industry as a whole is likely to piggy-back off the success of the lawsuit, should we see a favourable victory. No one wants to be in Ripple’s position, but I’m sure we can all appreciate that Ripple has taken one for the team and is fighting one of the most important battles - not just for themselves, but for the entire crypto industry.

Tldr: FUCK THE SEC