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I just want to know your opinions with this news


https://www.forbes.com/sites/jonathanponciano/2020/12/22/sec-charges-ripple-with-selling-13-billion-in-unregistered-securities-xrp-loses-2-billion-in-market-value/

You can see that the impact of that news on the XRP market https://coinmarketcap.com/currencies/xrp/

That's more than enough to give you the right answer about the impact that happened with XRP market. Ripple could dead too.
The scam security coin must have sued by ripple.

https://news.bitcoin.com/crypto-billionaires-ripples-jed-mccaleb-worlds-40th-richest-person-cofounder-sells-29-million-xrp-last-week/

The quick rich scheme created by jed and makes he was being included as the world's list for richest person.

It's not anymore only shitcoin, it's scamcoin now.

I have everytime warned about xrp, it's a total fraud!





XRP is REKT!!!!!!

SELL NOW

Garlingcrook must be sued NOW for his fraud!

Ripple is REKT!

In the last 24 hours, it has been dumped by 23% and I assume it will go on like this till the end of the week. I say get out of it as soon as you can and do not wait for any miracle to happen now.

It was always known that XRP will end like this, after all, it was a centralized coin with zero transparency.

Maybe XRP truly decentralized probably could survive but there's reason why people calling out XRP as pseudo-decentralized coin and once sued like this it could be its doom.
No one really know for sure what's gonna happen to Ripple in the future but it's definitely not a good thing when you got sued by the SEC.
I mean, imagine getting sued by SEC.

To tell the truth, I am perplexed. The SEC seems to be going after the centralized coins with links to the mainstream banking sector, such as XRP and Libra/Diem. I was thinking that the SEC would first target the decentralized coins which would be difficult to trace back to the users. Is there any reason why they are targeting the centralized cryptocurrencies?

Thats true, It is already affecting the XRP price now Brad Garlinghouse of Ripple should leave the US if they want freedom, SEC was waging war against cryptocurrencies in their territory, I believe that the XRP price will be affected much by this problem, I'm glad that all my XRP holdings were sold already $0.60 cents I have a peace of mind now.

If XRP can't win against SEC and then say by for XRP. There will be a lot of exchange sites will be delisting XRP from their platform as it was an illegal security coin that can't comply with the US regulation.
It might be a very bad thing for ripple holders as their coins will become worthless.

As always negative news really affects the market and holders intended to dump their xrp because of the SEC issues and that's created a wave of negative reactions to everyone else and other holders selling it quick before it hit down hard under. I hope all well to people who bought it high and hoping they can recover all the FUD news lately.

What I can say is if Ripple goes down, DEFI tokens are next. Btw the number of small XRP addresses being created have not skipped a beat since yesterday's Ripple lawsuit announcement. However the number of larger tier addresses are shrinking with 18 less addresses with 10M+ tokens since the news broke.

24 hours after the news broke out Rippler is down 10% the dump is continuing it could go down to 10 cents again or even 5 cents, and some exchange might even delist it, Ripple should do something about it, they should issue an immediate announcement and find a way to calm down investors to avoid continuous dumping.

Well, it is a negative news and can also be seen as fud, and everyone in the crypto space knows that, once there is a negative news targeted towards a particular coin, panic will set in and emotions will take over and thus users will be forced to sell. With users selling in large amount, the price of the coin will suffer terribly. Therefore, bringing this idea to the case of Ripple, nobody knows how it will pan out but considering how big Ripple (XRP) platform is, there will likely be only penalties and how long this lingers will continue affecting the price until it is sorted out. Therefore in all ramifications, the price will keep dumping until something is done and since it is by SEC even top holders of XRP might be shaken.

Well, you can see for yourself here https://www.coingecko.com/en/coins/xrp/usd

https://i.imgur.com/WM3k6KC.png

As you can see, XRP is not doing well right now. Best case scenario - they're going to get away with little to no money lost but reputation damaged and worst case scenario - exchanges delist them, to be honest, I expect the latter. I'm not going to be surprised if that really happen.

Actually, they did an announcement and you may read it here:
[1] The SEC’s Attack on Crypto in the United States (https://ripple.com/insights/the-secs-attack-on-crypto-in-the-united-states/)

As the price is constantly declining, which deteriorates the market condition of XRP, and investors had no option but to sell it. Consequently, the complaint made a substantial implication to Ripple. Thus, they will probably struggle in rebuilding the trust of investors and recover.

It will get to worst situation if sec successfully suing them, however ripple will fight sec back. I dont understand why sec allow ripple did the wrong thing for 7 years and after many investor put a lot of money on this project they suing them. Its not fair and can harm investor.

The attack on XRP is an attack to all. This is why some other altcoin as are dumping as well because they knew, they could also be sued the same way as SEC did to Ripple.
Now that SEC  saw what could happen to prices, they will be doing this to all altcoins they possibly can.

Why now is just interesting because XRP had been awhile and are being listed just about anywhere.

An attack on XRP is not an attack on any crypto, XRP is not a cryptocurrency. Altcoins will recover from the small shock as it's clear that XRP had very negligible impact on legitimate cryptos.


XRP is the biggest scam in digital currency history and anyone halfway serious about cryptos understands this. This is a week of victory for crypto enthusiasts.

I had the same thought. I figured that Ripple would actually benefit from being centralized and used by financial institutions, but instead they got targeted.

Reading about the suit, it sounds like the SEC is targeting them on the basis of XRP representing an investment contract. I suppose a centralized exchange like Ripple made it easier for them to pursue legal action. I'll be curious to see how this plays out and what the implications are for the crypto industry. I imagine more scrutiny and legislation will be coming in the following years.

The market will experience a tumble no doubt, as you can already see that the price has dipping alot since the lawsuit began, investors are not sure of the future of the project, they panic sell their bags, nobody wants to stay in a sinking ship, better to sell now and buy back latter when things are back to normal.

We all know what is going to happen. In fact it is already happening. The price is already tanking down like crazy. Not sure what's going on, but it looks like there is going to be a huge legal battle before everything settles. And you know how people reacts to such negative news - "Dump every XRP they are holding".
Another reason why centralized coins are so fragile and shouldn't be bought as investment.

This news has created panic among the investors and the result is seen in the market price. No one can say when this panic sell will end. As everyone is more interested in selling their hodl xrp after this news, this attitude of traders in the hope of buying at a lower price later is having an effect on the market. I hope this condition of xrp will end soon and investors will be able to cover their losses.

Outcome of the case will decide future of Ripple as it might even go zero if SEC is successful but if the outcome is in the favour of Ripple then it will bounce back by providing huge return to those who have invested today but those who have already invested in Ripple when it was at ATH for the year will be at losing end so it's going to be a sleepless night for them whether to cashout or Ripple will bounce back. It's better to cashout of Ripple or else need to stay upto date by setting a red line for cashing out.

I don't see any point in selling XRP now that the coin has reached another support. It was necessary to either put a stop loss earlier, so as not to get such a loss from the price drop, or now put a stop loss at the level of 29 cents, in case this support does not keep the fall.

Cryptocurrency doesn't really have any value here since it is not a definitional term that is relevant from a regulatory point of view. this is relevant for the whole industry because it will evoke a definition of "security" as to be applied to the crypto sector. If XRP gets classified as a security then a lot of other cryptos will be as well.

Check out Chris Hoskinson's latest videos on the topic. He is saying the same thing. People saying that this is a good day for crypto do not grasp the significance of this event.

I have more than 1k XRp and now the value has dropped more than 60% of the value that UI bought. It is really frightening to hold it and wait for the next hold. If I want to sell it nor for a cut loss I think that it is too late.
really really surprised with the very dump dump price of this coin.

That depends on the news that will come from the battle between XRP and SEC. If the situation will be even worst than this time and there's no hope for XRP to exist in the market. People should aware about that if they are still holding this coin and they are putting themselves into the big risk. The ripple company can bankrupt anytime if more and more exchange sites will decide to delist ripple coin from their market.
So many eyes are still watching ripple right now

XRP is really shacking very strong with this lawsuit. Many investors and investment funds in America are selling off because they are afraid to involve to legal. But in my opinion, with very big Altcoin like XRP, it is very difficult to be delisted completely. And in the other side, this is the end time of the year, so this may be a must job to do of SEC to sum up one year and when beginning the new year, everything will be dealed.

But its not impossible for XRP to be delisted all. Whats your opinion if that happened? its must be very impactful to our crypto world

I am glad that the other cryptocurrencies are not much affected by the SEC lawsuit. And regarding XRP, this was something that was waiting to happen. The XRP market cap was always inflated, thanks to the promoters who kept away most of the tokens from the trading platforms. XRP has the potential to become one of the biggest scams in the history of cryptocurrency.

Yeah! it will be dropped as we've never seen before. The price will likely get its new all-time low if they don't fix this problem soon and that would be impossible too since they caught red-handed. People are starting to dump the price up to the point they never care if they get some huge loss when they first bought it. this is a catastrophe for Ripples right now. I hope this is the last bad news we witness this year.

They've bring a good pumped before this incident  take place.

A lots of possibilities  incase the team unable to things that might prevent permanent  dumped  coming  from every holders and traders who are still holding  this coin. This news  really  affects the market for this project,  tough call for now to every  people  both holders  and those who are planning  to take part or still  trying  to short this up.

I believe it all depends on the community no matter what happens. From the first day of Ripple it was always obvious that there was a "company" behind ripple, which means that unlike bitcoin or ethereum or most other projects, ripple was something that was managed by some people, it could be the CEO or it could be workers but basically this was just a company and not really a decentralized currency, plus it was obvious that the blockchain they used that would make their coins worth something was different from the blockchain their coins used.

So all of that aside, I could easily say that from day one of operation, ripple was already known to be a dangerous thing. What happened? People still used it and loved it and promoted it everyone, even went as far as saying bitcoin was worse and ripple was better. So I am not sure what will happen, maybe people can still love it even after Sec sues them, who knows what people can believe in.

It was not a question if but how soon the sale of magic fairy dust will come to a hold. Name one private company issuing money who did not get shut down. Liberty Reseve was founded in 2006 and dissolved in May 2013 after legal issues.
Bitcoin on other hand is legal, miners do mathematical work for which someone pays them. If someone does some work he excepts payment.
Miners do not transmit money only validating a transaction took place, different to Ripples node operators who do transmit and will face legal issues.

Agreed. Ripple has always been a major scam. Just like Tether is.

Both of them should go down to zero because they make crypto look terrible.

i think the reason why people still use it its because ripple is fast coin and they brag its speed compare to other crypto especially to slower coins like bitcoin . many people already call xrp a scam,  not a real crypto , centralized coin , etc . they can throw any negative words they can think of  but at the end there are still users left for ripple that serves as its community .

 they wont care to this news as long as the performance of ripple isnt affected they will continue to use ripple untill the end .

It looks like the dump is stopped and the XRP price has reached the bottom. If you decide to continue holding the coin, then you need to reduce the entry price by buying and selling at the rate of 10% of the total amount of your XRP. Given the volatility of this coin, you can get a profit of up to 30% on the transaction.

Ethereum is also unregistered security. I believe only coins with no pre-mine, no dev-fees, and use proof-of-work, cannot be sued by SEC.
IMO ICO/IEO, almost all are unregistered security.

Anyway, I think Ripple has to pay fines, just like EOS. As long as the network functionality is still up, I believe many people will still transact using XRP; thus, the value won't be zero.

YOU need to check what happens to other project that was attacked by SEC and determine the out come of XRP. according the news on ground. the sec has a court case with XRP and that does not means the project is a scam or dead. ripple might come up with a surprise and win the case. you never can tell. i strongly believed that ripple will pull out from this.

I had a drawn-out debate with Joel Katz in the ripple forum back in the day that Ripple/X was centralised because you had to be invited on to the UNL.

Bitcoin (and crypto) is open to anyone who can hash.

It now seems the SEC has taken the same view, though in a tangential way.

The SEC has hooked onto this as they can see XRP/RIPPLE has officeholders and clearance house etc.

This is all a consequence of the UNL invite structure

Well if things goes south with SEC doesn't matter how many hardcore supporter out there XRP gonna dumped to oblivion, even the most hardcore XRP supporters are seeking profit and if XRP got its death sentence its mean the end of XRP.
Sadly though, most of people who have no clue about this news thinks it's the best time for buying XRP. well, if ripple could overcome this situation it might be is but I don't think we ever gonna see its normal price anytime soon.

yes you're right, the best way to get out of this problem is to admit mistakes and pay dendan. as long as the ripple network remains operational, there will be time to go back up. making a self defense will only make this problem drag on. this is not good for the ripple market. will only make this problem drag on. this is not good for the ripple market.

panic selling will ensue until the SEC makes its latest statement about ripple. This case has huge implications for the future of Ripple, if the SEC wins their lawsuit this might be the end for Ripple. the ripple price could return to 0.1 or even below it. at worst they could be removed from the american market.

So far, the price of XRP continues to fall and big XRP holders are sharply selling their XRP and it is not known what will happen next with XRP, so at the moment it is better not to invest in XRP and it is possible that the SEC will be suing XRP for a long time and it is not known how it will all end, so it's better go past XRP.

I think the price of Ripple (XRP) will definitely continue to fall because SEC is suing Ripple and of course investor confidence will decrease, so many people will be afraid to invest in XRP for now until the problem is resolved and XRP gets a positive response again, then it will make investors return to invest in XRP and of course the price of XRP will also increase.

All of exchange sites could delist ripple. So many US exchange sites have prepared themselves to delist ripple if it's a security coin. These exchange sites are not wanna dealing with the illegal security coin like ripple that might put them all into the big risk caused by SEC can target those exchange sites.

Wow Imagine Ethereum losing %20-50 of its total value in a day and knowing that it is going to zero soon now that would be more exciting than watching a train wreck.

Imagine the Panic.

I bet Vitalik would suicide.

I just hope that XRP fate doesn't end like Centra.  If you remember Centra, the one advertised by Floyd Mayweather, the CEO was found guilty of the charges and was imprisoned, then the Centra project died and the Centra token became worthless.  If ripple doesn't fix this case or end up losing the case, there is a huge possibility that it will be dumped to oblivion.  Any thought about XRP being worthless if the ripple team loses the case?

By the looks of it SEC always attacks on the same thing, the "unregistered" part of the company. I hate ripple as much as anyone, I really want to see them bankrupted and ripple fully gone, however this is just a tactic by SEC to show how they have the power.

We have seen a ton of companies that got sued because they are unregistered, but the fact is, do you really register your currency? I understand that ripple the company should be registered and they are, they do a lot of business deals as well, that part is registered, but why register a currency? What should have they done? Just tell sec that they created a currency and some people are using it now? Obviously that wouldn't work and SEC is idiots to not realize that.

In all sense, I wanted Ripple to crash, this is not the reason why they should have crashed because this doesn't make sense, but good riddance in any case.

SEC won't stop with XRP but will also sue the rest including the ones we supported such as ETH. There will be more because they knew how weak holders are when it comes to price dumping.

XRP losing this lawsuit might also be the basis for other altcoins to lose, top altcoins are also security tokens.

I'm surprised how much the rate has dropped overnight. I wonder what will happen next, and what will be the news on this case, but all that can be observed now is only the price falling lower and lower. The lawsuit has already been filed, so Ripple is in for a tough time.

As we see, XRP market suffered a great loss due to SEC suing Ripple.  It is the developer's fault why they are at the current situation.  If the SEC won the case, it is possible that Ripple will have to fine a huge amount of money which can possibly lead to Developer dumping their  XRP holding thus, making XRP market to crash even more.

Yeah, just like Epstein  :D

Remember:
https://twitter.com/vitalikbuterin/status/1048082496233996294

The problem is that crypto's value is often detached from reality; even hacked projects, meaningless projects, illegal securities with massive pre-mine, can have relatively high prices.

No, that's not really an attack to all. This lawsuit is just specific for the Ripple. Don't think that because a lawsuit was filed to Ripple they're including in this battle bitcoin, ethereum and other big names in the market. That's not the reality of this. This is only a battle for XRP and if the market is going down because of it, remember that we are in a speculative market for which every news is affecting it.
As long as they haven't done anything malicious and suspicious that violates SEC's ruling, why they have to think of it?

There is a huge impact on XRP getting lawsuits from the SEC, as can be seen with several exchanges delisted XRP. Then the popularity of XRP also
dropped quite drastically,  we can see that the ranking XRP on the market cap site has decreased and makes XRP's position now in 7th place.
So the future of XRP is very worrying, and if it doesn't immediately resolve legal issues with the SEC. I can assure that XRP will continue to lose
investors trust.

If SEC decide to end this story bad when ripple will see a lot of red candles in the next few weeks

Although they slip in the 7th position still the price is still good compared when the news of SEC suing Ripple, still surviving so far we have not read any news that exchange is delisting Ripple, that's a positive news for Ripple and their investors, but for how long, good things will end for Ripple once the court drop a negative bomb, everything is hanging and it's to risky to ignore Ripple's position.

It seems that the SEC is not willing to reach an agreement (https://forkast.news/ripple-sec-settlement-xrp-prices/). My take is that they may use this case to set an example and encourage self regulation in the sector. While the lawyers have put forward a motion to dismiss (https://www.coindesk.com/ripple-chris-larsen-sec-motion-dismiss) (which could soar the price in won) the SEC probably considers that 1.3B in illegally sold securities - as per they definition - constitute to much of a risk to their standing.

I am no fan of Ripple and I think that whether they have committed this specific crime, they have been certainly creating dubious news and manipulating the public perception beyond what could be a reasonable marketing.

It is not a big surprise that Ripple is a heavily premined coin and i think that they have done the kind of activities that SEC is claiming, collecting money without registering as a security with them and i have no idea what will happen because when the news appeared the market crashed but then after sometime the market recovered strongly and i have no idea how that happened.

A glimpse of information that Ripple has won the lawsuit in court. This is what causes Ripple's price to increase. But there are also those who say the SEC's lawsuit against Ripple isn't over. Despite this, Ripple's market conditions are currently improving. They are targeting $ 2 in the near future.

Personally I still support XRP by keep holding the coins. Even though SEC suit against Ripple, this project keep building their purpose by continue make partnership with international bank that located offside USA. They also will develop NFT project. Ripple project already run more than 7 year, and they keep stronger by building new product.

just remember that XRP the coin has nothing to do with the technology they are building. anything that RIPPLE (the company) does is for their technology to make the standards for their networks which the coin (XRP) can totally be ignored and the company can actually use different tokens like ETH or anything.

XRP (coin) and Ripple (company) are different from each other. i think they purposely make it very confusing that's why some speculate XRP can go $100 when it fact, the development of RIpple has nothing to do with their coin. its all shit.

They need to keep going even though, there's a case against them by SEC, they are in a good position in the market and they need to sustain, it's surprising for a coin that is still in the top 10, even if the SEC has a case against, the community and the developers are in one in supporting XRP in the market, hopefully, the court will favor them, the price will pump if they win the case..