Gaurav S. Iyer, IFCRead Full Bio At the end of last week, it looked like cryptocurrencies would outrun the storm of government regulations bearing down on them. But that analysis was all wrong—it’s now clear that we were sitting in the eye of the storm.

However, the momentary calm wasn’t so bad. It led to a short-lived rally in Ripple prices, which in turn revived some enthusiasm on Reddit and other discussion boards.

Then a barrage of bad news broke over the weekend. Not only did this snap the optimism, but it reminded us that governments are getting more active in the space, not less.

As a result, XRP prices fell 6.69% in the last 24 hours, putting the XRP to USD exchange rate at $1.36. Here are the specific issues at play: As you can see, I’m not a fountain of glorious Ripple news this morning.

However, I still believe in the long-term value underpinning XRP prices. We maintain our $10.00 Ripple price prediction for 2018. Read more from…

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