Bitcoin Forum

Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.

Regards

You can read it here https://cointelegraph.com/news/xrp-price-plunges-21-in-two-days-as-sec-targets-ripple-what-s-next . It will be harder for xrp to recover from it's price right now otherwise they only making that fear to investors so they can buy XRP cheaper after they sell it .


The price decline is not related to holiday it is only because SEC is preparing a law suit for ripple .

The wonderful world of crypto my friend, wild swings in either direction are common place. In 20-30 years the volatility will be lessened but it’s a rollercoaster at times which is why long term investment is always best. Don’t panic when you’re down but don’t sell all when you’re up.

XRP is not a stable coin, If you looking for crypto without fluctuating movement then go to a stable coin.

You should understand about crypto price movement, a coin or token not from the stable coin will be always based on the supply and demand of the coins. If the demands of the coins increase on the market the price will be increased, try to learn about how the price move.

This is what I think the reason of what it shows lately. XRP holders are selling due to the fear of this news.

The bull might slowly fading away and not just XRP but the whole market if you can see it. This is not just about the holidays, maybe a lot are taking profit now and learned the lesson since 2017’s bull run so we cannot blame them for that. XRP is a pump and dump coin, be careful on trading with this coin because it is being controlled by someone.

According to news XRP will be facing a lawsuit. We can't deny that it has big effect, but people say that it will recover since XRP have faced similar issues before. I no longer hold XRP cause Im skeptic about the track of price. Its like a HYIP, lets just see with what the CEO will respond with this issue.

Ripple has faced a big problem with SEC and this will be a very big battle between ripple against the US SEC. That was also driving the price of ripple to go down so hard. Even bitcoin and ethereum have recoevered from its dump and ripple was still facing another bearish trend. This could be a big dump for ripple that will drive everyone to cash our their money from ripple

I was expecting a correction during the holidays but things are different this time around and XRP had a good rally and with bitcoin moving higher and showing no signs of slowing down we should expect the alts to go down as people will be booking their profits and investing back to bitcoin and it is prime to reach a much bigger valuation in the next one year.

Maybe they want to cash out the ripple into the real cryptocurrency (Bitcoin). https://whale-alert.io/transaction/ripple/EF7F3468930B3E34E0ACAC7B005CD8DE6890A58E3D985C584B31C9C25FEF038C

Take a seat and fasten your seat belt in the coster

It's not. People are starting to cashing out their money from ripple. They have no reason to hodl ripple anymore. The case with SEC has been decreasing the trust from the investors with ripple. it looks like this gonna be a disaster for ripple dude. I hope that people can realize about what kind of coin that they have been investing on it. This is a security coin. The time for the legal battle for ripple will come soon.

too many speculators, too greedy devs and whales just looking for profit. all of that is in the XRP market, so it's normal for the prices to fluctuate a lot. compared to other altcoins, maybe Only XRP always dump coins in the market when the price is going up.

Some news about RIPPLE

1. https://www.investing.com/news/cryptocurrency-news/sec-unveils-suit-against-ripple-calling-xrp-a-13b-unregistered-securities-offering-2374158
2. https://www.investing.com/news/cryptocurrency-news/xrp-plunges-30-in-bearish-trade-2374114
3. https://insidebitcoins.com/news/ripple-gears-up-for-possible-sec-lawsuit-over-xrps-status
5. https://www.investing.com/news/economy/blockchain-firm-ripple-plans-to-fight-approaching-us-sec-lawsuit-2373566

I'm not sure this problem can be solved quickly and give a bad effect to ripple price in the short term, there will be many processes to face this problem, more than that the CEO of Ripple intends to move the company to another place. But let we see, the market always gives surprises moreover Ripple is a centralized coin where they can manipulate the price well.

This is will be the same as KIN. Ripple will need a lot of time and funds to be used to fight SEC. This is not an easy task. If ripple will be losing in the battle against SEC and then it will have no future.
The future of ripple will be determined by this case. If ripple could not win and then it's the end for ripple.

With Ripple, there was a very bad news for them in yesterday when SEC unveils suit against Ripple, calling XRP a '$1.3B unregistered securities offering' and adding to take profit for Christmas and New Year of investors as you said. You can read this news here: https://cointelegraph.com/news/sec-unveils-1-3b-suit-against-ripple-over-xrp

They are down 9 cents and it will go down further we will see more of this news, they should address this issue ASAP or the losses will double, holders, will dump Ripple  SEC is just too powerful to ignore, remember they are the ones who stopped Libra from progressing, thi scould be the end of Ripple I hope not.

Ripple (XRP) is facing a lawsuit case now, it was SEC unveils suit against them calling XRP a '$1.3B unregistered securities offering'. And this is a big impact on the running price of Ripple (XRP) now. So the crashing of Ripple (XRP) price is not about the movement of the market instead of the impact of their case facing right now.

Ripple will die soon. There's no reason for this garbage security coin to exist anymore. Jed has been going out with all of his money that got from the ripple buyers.
it's sad to see that there are so many people who were being trapped at the pump for the flare tokens and they are not even cut loss their investment.
They got rekt.

To know why Ripple crashed you can read details: https://www.sec.gov/news/press-release/2020-338
a sad day for Ripple and the investors holding it. ???

Still a speculation but if they win the case or pay that amount charged by the SEC I think it will still remain but still I doubt if ever the team will not dump on buyers again. Better safe than sorry I think it's really good to just stay away from them now as the sentiments aren't favoring on the XRP token.

getting sued by SEC its only normal if people want to cash out as much as possible and as fast as possible. If SEC turns out to be winning then there's big chance that the XRP you're holding worth as much as dust though that's only if the worst scenario happens.
Not even bag holders have the courage to buy right now until all settled.

XRP is one of the most volatile cryptocurrencies, if we take the top 20 or 25 coins. The main reason is that only a small fraction of the XRP circulating supply is in free-float. Most of the remainder is kept in cold storage by the promoters. So despite having the market cap of around $17 billion, the amount of coins that are available for trading is very low. And this causes an increase in volatility.

It will take time for them to handle this lawsuit. This isn't just as much and want to remove it, it wouldn't be gone easy. It has to go through the process and they need to take care of it. I haven't seen any news lately on how they'll handle this issue. But the sudden dump of XRP's price is the collateral of this news and lawsuit that they're getting. It really can continue if no good actions from them will be shown and made and more delistings coming. SEC is SEC and it's really a powerful part of the government that can take down and implement rules.

wow, didnt expect the price decrease will be this fast. xrp holders are cashing out as the threat from SEC is real. if in case this will be delisted while the case is active, this will be doomed for quite a while. XRP team should be doing something to avoid this panic from their xrp holders. just like bitwise - https://www.coindesk.com/bitwise-liquidates-xrp-position-in-crypto-index-fund-following-sec-suit-against-ripple. they liquidated their xrp position and bought other assets instead. though it is only $9.3M worth of xrp but the impact to other institutions holding xrp may be alarming. who knows, not only them but others are secretly liquidating their xrp assets? this is a mess going on...

Those who are holding XRP should watch the development of the issues XRP is in danger but I don't think they will be out of business they might have a heavy fine but I don't think SEC will force them to be out of business I'm pretty sure their lawyers are working now and we will soon have an announcement coming from XRP developers, they should do this asap.

https://www.sec.gov/news/press-release/2020-338

Ripple has very big, real problems looming on the horizon. The prospect of a positive decision, for Ripple, looks very ghostly. In the course of the investigation, with a high probability, other illegal events will emerge. All together creates a negative trend for the project

News about Ripple and SEC is a new spotlight for cryptocurrency enthusiasts, especially Ripple holders, if there is no way out of this there is a possibility that Ripple price will continue to fall, this is because there are many investors who are disappointed and prefer to invest in other coins

It was fast that we can imagine because the news scattered quickly and it's a very serious news. Not just those FUD news that we see before and this time, this is for real. Two executives are having hard time right now to face this lawsuit. Even if Ripple will do something right now, they can't stop the panic that this news had caused. The only solution they can show to their investors and holders is to face and win this battle. That's all they need to show that they are serious with what they had started and protecting their investors.

Right now Ripple become hot news, because Ripple has been in lawsuits by the SEC and there is a possibility that Coinbase will delist Ripple.
Bad news is what makes Ripple prices fluctuating, So my advice is that you can sell the Ripple that you have if the estimated loss is not too
big if it is sold now. But if you are losing money selling Ripple now, then you should not sell the Ripple you own. It's better if you just hold on
to your Ripple, and wait for the Ripple price to recover. Since it is possible that the impact of the SEC lawsuit will not affect Ripple's price in
the long run, knowing that US Ripple holders are not that big.

Even before, I'd never trusted XRP. I once investing XRP because it is one of the top 5 listed coins in the market but I once then suffered losses in time and money waiting so long but then, its price never grow. I was been tricked and that is really a thing we have to expect in a centralized coin where prices are purely manipulated by the owner.

I expect nothing from XRP and it was wrong of having this on the top 5 coins knowing that it can't have such potentiality in real.

People started cashing in because they were worried that holding XRP for too long could cause big problems with their money, after hearing about the many rumors about the SEC lawsuit with XRP it made most XRP holders very concerned, moreover Coinbase immediately removed XRP from the List.

Its sec issue, XRP in trouble i thing, i just takeaway my cash from bloody ripple :(

If you are wondering why the market is going down in XRP it is because of the SEC as they said that it is not a cryptocurrency and the owners raised over $1.3 billion as unregistered offerings and it is not a good sign for them and with these the market started dropping while most of them thought that it will rally much further and if not for this citing by the SEC we might even see a much further rally. Things right now are not promising and hopefully everything holding the coin had the opportunity to book their profit.

That’s a big issue with XRP right now but its price is still actively doing great as of the moment and I’m sure many are a short player with XRP. The price is still volatile and with this pending case, we can’t still be sure about the future of XRP. If you’re a trader you have to see the opportunity to buy and sell with XRP, just be careful and always have your cut loss price.

I don't think those who are holding xrp have been able to sell it, because the dump has been so instantaneous!
its price has dropped 35% before anyone understands anything!
In the meantime, those who had placed order with stop-loss have been caught.
By the way, where do you find that coinbase removed $XRP from their list, I didn't hear anything like that.

What else you think they will do? Lose licence and move Coinbase exchange out of USA?  Of course they will remove it. They will remove many more coins they have listed in near future. All that was started with ICO are securities. All PoW coins that have dew tax or premine or some scammine are also securities.

what happen op it seems like you are late on the news . this isnt what you call a fluctuation but xrp is dumping as it still faces a major problem right now but its okay to wonder that why would a stable coin fluctuate right but xrp isnt actually a real stable coin .

 people cashing out and events such as holidays wont affect the value of a true stable coin. next time try to engage your self more on the forum or read more infos of the coins that you support so that you arent going to be late of what is happening . cheers  :)

Seems like you are the one is late on the news. Do you really know on what the actual even that happened on why XRP had plummet its price? If not then try to search up on google
and you will find out.

https://www.ft.com/content/25648f67-36bb-45f1-8e37-3dabd4c68e89
https://www.coindesk.com/bitstamp-to-halt-xrp-trading-deposits-in-us-due-to-sec-lawsuit
https://www.coindesk.com/xrp-price-liquidations-2020-airdrop-lawsuit-ripple-founders

This isnt something that do correlates with the holiday season cash out or profit taking but they do really face up some serious problems on here.

I don't think because of cashing out the price is fluctuating. Brother, you are on the crypto market here is nothing stable, every single coin price is moving which can be downward or upper. You have to understand this. The price fluctuates when the demand for the coin is high or low. So, this is not for casting, this is because of demand and supply of a good coin.

As far as I know one of founders od Ripple left the project long time and he got billions of Ripple which he is selling on daily bases. That guy is also founder of Stellar pretty big name in crypto world. Now is that all true beats me but thats the rumor.

You meant about JED but remember he is not the only one who actively selling his stakes to the market even the foundation itself is still doing it with the premined coin.
Ripple foundation was gradually liquidating its assets into the market.
This has become the main concern too. So many scammers in ripple foundation that only cares about the money. They never care with the community

This is very unfortunate for the XRP believers and collaborators.
I hope the team will not totally abandon this project and sell their holdings.
They were forging a lot of partnerships before, so hopefully, they will not ruin that trust.
But up until this SEC battle is over, we don't know what the future holds for this coin.

At the moment, the price of XRP has dropped due to the fact that SEC will be sued XRP and therefore many XRP holders are selling their XRP and therefore the price of XRP has dropped so much, but it is clear that many big players are still investing in XRP and therefore XRP below 0.2$ does not fall and this suggests that many big players still believe in XRP and therefore we should expect that everything will be fine with XRP, so for now we just need to wait for a decision from the SEC about XRP.

XRP is one of the gray projects! It has some good things, awesome ideas, a bit military/aggressive supporters, but also have a bad side! And for years I am watching drama around XRP, and to be honest I don't know what to think about XRP and XRP future! The recent SEC accusations and some announced trials put a shade over XRP, but what will be the outcome nobody can tell! In case of XRP win we can sure see some amazing price rise, if they don't win they will have problems!
As for me, I have some XRP and I am gambling with it! If I make something more I will see now at this price and leave something for holding! Who knows what future holds for XRP holders! I am not an optimist, but who knows... follow your heart and make your own decisions! Don't follow me or anyone else! Good luck all!

We can only wait for the start of the lawsuit in court, and depending on which side themis takes, the price of XRP will be either on the moon or at the bottom. And until that time, there will be no big price changes, because those who wanted to sell have already sold their coins, and those who wanted to buy have already bought.

If you are referring to Jed McCaleb, he conceived the project and then he came up with his own project. The lead developers made a huge profit with their centralized coin and so is the reason the SEC is after them and that is the main reason for their price fluctuation.

There was a class action lawsuit filed against them in the past and now the SEC are after them for selling securities and it is difficult to overcome the issues they are facing and with most of the exchanges delisting them, it is better to avoid investing.

There's a lot of bad news for XRP in this few months.
But in my opinion the main reason because of Xrp has more coin in circulating supply and the dev still has a lot more locked coin that can bump the marketcap.