Should You Buy XRP While It's Under $1?
For nearly four years, crypto investors have waited for the big breakout moment for XRP (CRYPTO: XRP), which is still languishing under the $1 mark. And now that moment seems to have arrived. At the beginning of August, the long-running Securities and Exchange Commission (SEC) court case against Ripple (the company behind the XRP token) finally wrapped up, and it looks like the worst of XRP's regulatory headaches is over.
But that doesn't necessarily mean that XRP, which has uses in cross-border payments, is a no-brainer investment these days. There's a lot of noise out there, and not a lot of signal. So if you're thinking about buying XRP right now, here's what you need to know.
The SEC case hinged on a single question: Is XRP a security or a cryptocurrency? The SEC claimed it was a security, while Ripple claimed it was a cryptocurrency. The court essentially ruled that XRP is a security when sold to institutional investors, but a cryptocurrency when sold to retail investors.
Source Fool.com
