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- A renowned German financial institution has explained why XRP is not a security, claiming the asset does not fit the criteria used for tokenized traditional stocks.
- This video has attracted mixed reactions from the XRP community, as some prominent members accuse mainstream media of ignoring the asset.
XRP has emerged at the centre of a recent discussion by renowned German venture capital company Tokentus Investment AG. In the latest video uploaded on its official YouTube Channel, the institution explained that XRP remains one of the few cryptos that have been legally clarified as not securities.
In an attempt to explain the role of XRP and its current status in the “lens of the existing laws,” Tokentus stressed the difference between tokenized stocks and cryptos, claiming that tokenizing a traditional stock would make it a security. According to the company, XRP does not in any way fit this criteria.
Fascinatingly, this video adds an extra explanation to the security status of the asset after the US Securities and Exchange Commission (SEC) withdrew its lawsuit against Ripple, as indicated in our recent coverage.
Previous Tokentus’ Video Analyzing the Price of XRP
Prior to this video, Tokentus had published a presentation featuring a comprehensive price analysis of XRP, stating that the asset could surge by 2000% to hit $10. In that video, the CEO of the institution, Oliver Michel, cited the historical movements of the asset, including the 2014 and 2017 cycles, where XRP surged by 4,300%.
According to the CEO, a similar breakout could occur this cycle, however, it would be less explosive. Specifically, Michel predicted that the asset could surge by 20-fold. As explained in our last analysis, the potential approval of the XRP Exchange Traded Fund (ETF) is expected to be a catalyst for this predicted run.
Following this report, a pocket of XRP enthusiasts rekindled alleged speculations that there is a media war against the asset. A popular XRP influencer identified as “Digital Asset Investor”, for instance, shared Tokentus’s XRP video and captioned it as “German financial news educating their audience on XRP while CBDC tries to pretend it doesn’t exist. We see you.”
Previously, a community commentator called Ashley Prosper argued that there was a coordinated attack on XRP. In that post, Prosper listed six main indicators to justify his claim. Firstly, he mentioned the lack of coverage despite the asset being the biggest news in the past three years. Secondly, he pointed out a synchronized Fear, Uncertainty, and Doubt (FUD) against XRP.
Thirdly, Prosper mentioned the discussion between private entities like JPMorgan and the US Securities and Exchange Commission (SEC) regarding XRP. Furthermore, he highlighted the economic implications of the battle between Ripple and the SEC. According to him, this has led to billions of dollars in losses for XRP investors.
Finally, Prosper pointed out the series of coordinated attacks targeting prominent XRP community members.
Following Tokentus’ video, XRP recorded an impressive surge of 8% on its weekly price chart, trading at $2.4 at press time. According to our recent analysis, XRP has the potential to hit $38 in a conservative estimate.
