![tetragon vs ripple tetragon vs ripple](https://i.ytimg.com/vi/e8nJZe9bC6o/maxresdefault.jpg)
“We are in a strong financial position to execute against our vision. Ripple CEO Brad Garlinghouse said that Ripple is positioned particularly well compared to some of its counterparts in the blockchain industry: SBI Holdings and Route 66 Ventures also participated in the investment.
TETRAGON VS RIPPLE SERIES
US-based fintech firm Ripple has scored another major investment – today, the company announced that it has raised a whopping $200 million in Series C funding in an investment round led by Tetragon. Despite seeing some use in cross-border transfers, XRP is the worst-performing top 10 cryptocurrency of 2019.Ripple secures $200 million Series C investment from Tetragon, SBI Holdings and Route 66 Ventures.eToro – The Best Platform To Buy RippleĮToro have proven themselves trustworthy within the industry over many years – we recommend you try them out. A favourable ruling could make it one of the best performers in May. With such high stakes, XRP makes for excellent crypto to watch in the short term. If XRP retests its recent high of $1.95 before the ruling, there would be an excellent chance to break past the $2 mark and possibly retest its all-time highs above the $3 price level if the verdict is favourable. Buying volumes are on the rise, too, an indicator that bulls are buying every dip in anticipation of more gains in the near term. It is making higher lows along the 50-day moving average. In the day charts, XRP is trading in a bullish channel. XRP Price actionįrom its price action, it is pretty clear that investors are expecting a favourable ruling on the 21 st. This ruling, too, saw the price of XRP rally, as it bolstered investor faith that Ripple’s chances of overcoming its legal troubles were high. Following this ruling, Tetragon was asked to pay Ripple $3.463 million in fees. The court ruled that the case, which centered on whether XRP was a security or not, was premature. Tetragon, a U.K-based investment firm, had sued Ripple for $175 million. In March, Ripple won a case against Tetragon, a factor that bolstered the hopes of the XRP community. This ruling saw the price of XRP rally by over 20% at the time. The judge ruled that the personal financial records for the two would not in any way strengthen the SEC’s financial motive approach to the case. On April 9th, the court ruled in favour of Ripple in a motion where the SEC wanted access to the Ripple founders’ personal financial records. Ripple’s Wins So Far Brad Garlinghouse and Chris Larsen financial records If previous rulings are anything to go by, then XRP investors have an excellent reason to be optimistic about May 21 st. Judge Sarah Netburn is expected to give her verdict on this issue soon. On April 30 th, the two parties held a conference on whether the SEC can send an MOU to foreign entities, including exchanges, for information about Ripple. The May 21 st conference is not the only one that XRP investors will be looking forward to in the coming days. In the short term, crypto experts estimate the Ripple XRP currency to keep rising, with a potential high of $3.5 in 2021.
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If the judge rules in favour of Ripple, it could give upside momentum to the price of XRP, as the rest of its positive rulings have done.Įxperts agree that XRP reaching $3 looks pretty likely after the 21st May. The conference will be vital to the price of XRP in the short term. Its subject matter will be the motion filed by the SEC seeking to compel Ripple to produce documents on legal advice it got with regards to XRP. The conference will be presided over by Magistrate Sarah Netburn. This is the date the court has scheduled for a conference between the Securities and Exchange Commission and Ripple XRP. If you are an XRP investor, you need to mark May 21 st, 2021, on your calendar.