Ripple XRP Rallied 8% this morning. I think the markets are pretty close to believing that a settlement in the case will come today. If not be very close.

My worry is that the settlement doesn’t come and Ripple falls. However, I do think that the drop in other cryptos may be simply down to profit-taking ready for today. We could see Ripple fly, or it could just stop dead.

Ripple Could Seek IPO

Ripple is rumoured to be eyeing an IPO on the stock market following in Coinbase‘s footsteps if the SEC settlement comes. This will further rally the price of XRP. However, as with all things IPO I would stay out of it from a trading perspective till it’s priced properly. The problem with IPO’s is that really you need to buy quickly and sell quickly on the day of the IPO. I prefer a more measured trading method.

Looking at the Coinbase IPO. It’s just too unpredictable to trade.

This is typical IPO behaviour. I will be looking to invest in Coinbase but I need a couple of weeks of data, maybe longer to see where it’s fair price is.

Ripple making waves… here we go.

https://www.ukbitcoinblog.com/general-info/ripple-xrp-rallies-its-another-day-in-the-case/