- Mike Novogratz says XRP price tripled since the start of the US SEC lawsuit.
- He strongly believes that SEC couldn’t manage to suppress XRP price in any way.
- This is a testament to a resilient community with a common interest.
Ex-hedge manager Mike Novogratz is back again with what he observed about the XRP price of late. This time, he noted that despite the waves of the never-ending Ripple-SEC lawsuit, XRP price tripled this year.
Since the start of the lawsuit, XRP has maintained its price potential to the max. In fact, doing this has prevented it from decreasing in value according to Novogratz. He also stressed how XRP tied up its performance steadily is clear evidence of a resilient community that has a shared interest.
The value of $XRP has actually almost tripled since the SEC actions. It hasn’t plummeted. It’s a testament to the fact that once communities are formed with shared interest they are damn resilient. https://t.co/0IPcd8wyuN— Mike Novogratz (@novogratz) October 17, 2021
On this note, Novogratz believes that the Securities and Exchange Commission (SEC) couldn’t bring the XRP price down as people thought. Expanding further on the matter, the XRP community couldn’t remain silent on the tweet as they reacted with much enthusiasm.
Many applauded Novogratz for expressing what he feels, more especially about XRP. Also, the XRP Twitter (NYSE:TWTR) netizens reminded him about his previous statement that he can’t stand XRP but he owns Ripple equity.
As of now, the crypto world still keeps guessing about what the SEC lawsuit is going to bring. Whether the SEC will win the case over XRP or vice versa, all depends on time. We will stay focused on the matter and keep you updated on the lawsuit.