Bitcoin Forum

#XRP dumping due to this reason.

https://twitter.com/Bitstamp/status/1342506058397474822

A hard dump will be coming!

When other exchange following the step-like "Bitstamp", I could be buying a few XRP when the hard dumping coming! I will be waiting for under 1 cent ~LOL come on give us some blood market on XRP. ;D

This is just the beginning probably the real dump is yet to be felt, already coinbase announced that they are delisting XRP so which is the reason for this initial dum but we will see the bleeding region only when the delisting takes place. People from countries other than US is still holding it can be realized in the next week.

It was always on the cards, many other exchanges are also expected to do the same so we can expect turbulent times ahead for xrp and its holders.

I think this is just a beginning of ripple dump because  more whales are going to scare up and dump. Fud creation or the reality of the situation can cause more of negative action against  the coin. When exchanges begin to make negative statement about it, we know that it is more serious issue for management.

The current dump is due to the SEC's lawsuit against Ripple. They have termed Ripple as a security and claims Ripple has collected a large amount without abiding by the law set by itself. Many of the financial institutions from US government acts like a mafia group and the current claim is surely due to Ripple leaving US without settling the finance.

Chances that there's a big whale or whales who are trying to do an exit that's why we still seeing some slight pumped after experiencing that huge

dumped few days back, it's an opportunity for them to get some decent profits before completely dumped everything. Needs to be extra careful

and keep monitoring if you still have some coins inside your wallet.

Even before this SEC news that declared XRP a security, I have predicted the price would go down after the Airdrop. Things are not looking good for XRP now and it is better to short it or sell because more and more exchanges are going to delist it, I just hope some people have not bet their house on XRP going to $3

They had it only for the US customers. I get the idea that exchanges will stop trading operation for their users that are residing in the US because the lawsuit is specific from that country. It is bitstamp and one of the largest exchange that we have. What if other big exchanges also announce the same thing.

Even if the announcement would only halt trading for XRP on US users, still that's a huge loss for the XRPs market. A market that will be halt because of the lawsuit and might be followed by several delisting for the safety of the exchanges that supports it.

This lawsuit is really big blow to XRP market. Won't be surprised if other exchanges will follow thru like Binance.US. I am wondering, is there a way for the XRP team to resolve this faster? I mean, can they make a deal with the SEC so as not to prolong this lawsuit?

They could plead guilty and, I suppose, settle with the SEC. I don't know how much it would cost them, though.

Do sec say what they really want out of it?

or is it just to sue someone's arses off?

Money money money

they want control of xrp. if garlinghouse and his team get out of US i guess they will not be bound anymore of their laws. but this is just me assuming.

obviously they can only control what they could and right now its just the trading on US base exchanges.

Oh so they could theoretically take it over some how?

Make it establishment?

It might not only become the reason but it looks like coinbase will be doing the same thing too soon. The next waves of dump will be happening. This is a long-term battle and i could expect the biggest crypto exchange site like coinbase and some US exchange sites like bittrex and polo were thinking the same thing too. It might possible there will be massive halt for trading XRP in various US based exchange sites.
The chart looks very parabolic at this moment.

That whole month long pump of XRP was a bounce back because it's been in a downtrend for years.

If you held XRP since it was trading for 1USD or more and you did not sold when it went to 0.6 again you probably missed your last chance to get rid of this bag.

It really looked like a dying coin to me because it was high in 2017 but it barely moved up when bitcoin begun to recover in 2019. Even bitcoin breaking is ATH did not make XRP recover 50% of its bear market loss. This coin is going to need a miracle.

It will not solve the problem. The court is the only party who can solve this problem if ripple will be winning the battle but when SEC will become a party who will be winning it and then end for ripple.
Did you watch kimdotcom's case?
wherever ripple moving its HQ and this company must have faced the legal action from SEC.

I knew the effects of the SEC suit were enormous. After Coinbase Rumors will remove XRP, and most recently Bitstamp started to put restrictions. after this I doubt that anyone will want to stick with XRP. the sell wave will not be contained, it will be a collapse for XRP.

On the contrary. The sell wave is likely to continue as many investors will want to exit xrp. I wonder if this will be positive for a bitcoin bull run?

That's normal panic selling from those who buy XRP in high price but if you believe in long term plan of this coins then staying it in your wallet is the best for now ,and not to sell it to others  that also waiting to buy more XRP at  cheaper price for those weak hands.

But if you believe that the price will continue to drop then you can cutloss and rebuy back again in the price you think it will be filled. in that case you will have more XRP than what you have right now.

It can be positive somehow since some hodlers will convert their XRP to BTC for sure but its hard to count the numbers honestly. However, this news and this case against XRP will affect the cryptomarket as a whole, and many will have doubts before trusting Cryptocurrency again. XRP was able to pump a little, but I guess the real bottom for XRP will happen once the case push through.

XRP right now might be said to be in a pretty big problem, but that's only because they have HQ in the US right? and I think there is still some way XRP can go in this regard. but I'm also not really sure if that method will be easy, ofcourse it's normal where big exchanges start delisting, surely people will quickly sell them

This issue will be a consideration for many investors to believe in other cryptos, and XRP has a very big problem right now. When other exchangers follow Bitstamp's steps it will be a bloody day for XRP. Other crypto developers may have a lot to learn from this issue. Otherwise, it will be very difficult to restore investor confidence in other cryptos. Whether this problem has any good impact on Bitcoin, I don't think so. Even if investors in XRP move to BTC the percentage will be much lower than other interesting issues in BTC itself.

Perhaps it is, but most likely still many XRP holders are selling their XRP and here of course we can understand why they do it, because it is not known how the whole situation with the SEC will be resolved and therefore now we can only guess what will happen next with XRP, but let's hope that everything will be fine with XRP.

After a huge dump, can XRP rise up again? If yes, then it's a good time to buy when it falls hard. I still believe in XRP and what will the the problem now, it will end soon. So, much better to take advantage of the opportunity to buy xrp at low prices.

Of course, as we have seen, it dramatically rose above .30$ again after a hard fall. But there is a big risk here because of the negative news. Yes, take advantage of the opportunity to buy XRP at low price, but think of getting profits as soon as you can because the market conditions are not that stable.

Occasional pump and dump, so if you know what to do with this volatility then by all means take profits. But I would suggest not to hold for long until the dust settles.

I still have no answer for that. I don't also have an idea to think of if they can expedite the process. I'm only relying to the news that the medias are coming out and that's why it's hard to put up a take on this. But if there's a possible way, only the SEC can give answer on it.

They can release a statement that everything is going fine and in the right due process. But if there's no other statements being released about the expedite, the Ripple management can't do anything with that. I also don't have idea how processes works in the US. That is why, we can only speculate and have a thought if there's a possibility and wait until news comes out about that idea.

I suggest that if we still HODL XRP immediately sell it, because after knowing that it turns out that Bitstamp will do halt XRP trading and deposits.
This made me even more confident that XRP's future would be destroyed, especially if XRP lost in court. Just now the XRP price in the market
continues to fall. I do not recommend investing in coins that are in trouble like XRP, it is very risky for now if holding XRP.

If the situation will not be handled by the XRP team, this will go in downward motion so fast.
We don't know what they are doing now, to prevent more chaos to their market.
I saw the other day that it went back to about $0.37 and thought that maybe something was happening behind the doors.
But it goes down again and we are now below 30cents. If we will hear more bad news from exchanges, expect that the value will go down.
Better cash out if you are still on the positive end as the lawsuit has no timeframe. You don't know when will this end.

xrp already proved that its totally a shitcoin, no value or having no profit for hodling it.and after the annonucment of coinbase & bitstamp, xrp has proved so once again.the movement of xrp, was quite good.it was following bitcoin, hit around 65cent and made its investor happy.but finally it dumped incredibly that makes it into shitcoin.this is begging, dump may go deep and that's why people selling their coin

lol, XRP now down again, yesterday it was pumping like crazy but anyone who are aware of the news and it's possible effect on its future already understands that any pump is just a bull trap, so I think the pump is over and XRP will slowly go down as people are slowly unloading their investment to look for other investment opportunities. They say, don't mess with the SEC and here it is now, we are witnessing what they can do.

The issue of delisting XRP on some exchanges may be the big reason for the more dump in XRP price. But as an XRP holder, I am still optimistic to hold than selling suddenly at a too cheap price. I prefer to hold until no hope than selling right now. I am not a typical person who is afraid of the losses. And I am aware of the risk and the potential of my crypto assets.

The game is almost over for xrp.although xrp team tried to pump their coin the day before yesterday but they failed.even whoever know the news of delisting, won't going to hold or buy back the xrp anymore.rather people still selling their xrp for reduce losses and that's why we may see the another dip drop for xrp.although some holders still hold their xrp for bull run but don't think, that possible within Q1 of next year

These problems may end when Ripple moves its office to a more friendly country for the company. Chris Larsen has repeatedly spoken about this development, but ultimately much will depend on interaction with the Biden administration, which will have to rake in the legacy of outgoing SEC Chairman Jay Clayton.

Your comment make sense.
I totally agree with you.

Ripple team should plan ahead or earlier, it's not new that some altcoins even exchange were questioned by Sec in US. Other projects moved in different countries or countries that are not strict in crypto operation to operate their businesss, it may limit the use of US Citizen but they will have more room to do business and make plans to attract more countries if they will be staying in a country we're crypto is not much a problem as long as they are registered.

I do not know if a dump like that will happen but I think there is the possibility for a dump that takes XRP back to the 0.1 dollar territory, and at that point some daring investors may try their luck, however I think that finally many of us are being vindicated, for years members of the forum have warned against XRP and its centralized nature and a great deal of people made fun of us and now we are seeing that we were right all along and unfortunately this means massive losses for those that are still holding the XRP coin.

Until they solve their problem, I don't think trusting XRP is a good idea.
They are now left behind, today ETH is pumping and most probably some altcoins will follow, but not the XRP as people already have doubts on the project.

We've seen it pumped, but I believe it was a manipulated pumped, and soon enough, the price will start to dump again.

I believe Bitstamp issued this statement only temporarily,
because Ripple is not necessarily at fault in the SEC's decision, the hard dump occurs because Fud is too strong,
this is the rule in cryptocurrency, if Fud happens then dump occurs, if hype occurs fomo and pump occurs.

Most likely, we simply do not know many details why the SEC pressed Ripple so sharply. In the near future this coin will have very difficult times, courts, and as we have seen more than once, the chances of winning are greater for the SEC than for the cryptocurrency project. It's time for Ripple to start negotiating.

Moving onto another country wouldn't be a good idea. Just you look that the charges were directly into two people and if they try to flee instead of facing the lawsuit, they could get into a deeper trouble. I mean a bigger problem that they should regret doing.

They couldn't just grow their business if there's a pending case and they've chose to move into another country instead of solving it. That's not a good option for them if they are ever going to that by chance.

Looks like not only Bitstamp is halting the trade on XRP Coinbase has also just announced on Twitter that they will be suspending XRP trade on 19 of January so it's going to be a bad news for the holders and this will spark more dumping on XRP that will lead to a dip in their prices and maybe the rise of other cryptos like Bitcoin Ethereum and Litecoin.

Xrp wenr below so fast and xrp team was unable to do anything when xrp is a centralized platform. Although xrp start raising but I think hold xrp may more risky, should sell it cause dump is just a start only.can't imagine what will happened on up next but we may the witness of all time low, of xrp.so can't recommend xrp even whoever thinking to buy the xrp with cheap for long hold cause it may wrong step

They have not declared it as a security. They are alleging its a security, of which Ripple says is wrong and will prove it in court. Every other country in the world recognises XRP as a currency.

Recently, XRP has been looking like tough days as more and more exchanges are delisting XRP due to these issues. Yup, whether this is only temporary or forever. But what is certain is that this condition will certainly not be good. In addition, the price is getting worse. But here it is different, many XRP holders still hold fast and believe that XRP can get through this, both with the developer or not. what about the XRP community itself?

the main reason for the decline in current XRP prices is serious demands from the SEC and of course this has put XRP holders in a very big shock and we can see how now the trading market is starting to take steps to stop even removing XRP from their list of coins and coinbase looks like it will being a trading market doing that on January 15th they're going to wipe out XRP completely and I think XRP will sink in and just become history.

The last bounce was a good opportunity to exit from the long position, some traders were able to get our before it explodes. Maybe in a few months, the SEC and Ripple team will make a balanced agreement and the court rumors will fly away. From the trading perspective, that time will be the next opportunity for making 2 steps forward and 1 step back. The XRP case will be the main barrier to the uptrend but the XRP traders will handle it if they can see a recovery signal on charts of XRP pairs.

We knew this was coming, it was impossible that after the SEC made this announcement that people and now exchanges would not take actions against XRP, and this only shows once again the problem with any centralized form of money, you need to trust that whoever has the power over that form of money does not cheat you and with so much money at stake it is simply impossible to expect that the people in those positions do not abuse their power for their own benefit, which shows once again the superiority of bitcoin over forms of money which are centralized.

And the problem here is that XRP followers have no idea what the XRP team is doing right now to rectify this terrible mess they are in. Got a link from their twitter about their official statement regarding this situation. However, they said that they will be addressing this issue in few weeks. Let's see.

https://ripple.com/insights/our-statement-to-recent-market-participant-activity/

This is terrible because XRP makes the perfect trick. several banks have collaborated with xrp and it is proven that they have fooled the world bankers. >:(

Xrp was devastated, in this case I don't think Xrp has much of a chance while we see there are lots of rumors about SEC and XRp issues. after the bistamp then Okcoin, Coinbase and some other exchanges may suspend Xrp soon.

I think several exchanges already suspended or are on their way to suspend the ability to trade XRP in their platforms, exchanges are like any other business and they do not want to get in trouble with the SEC either and they are getting rid of XRP, in a way I am sorry for XRP holders but we have been telling them for years they were taking a massive risk and now they are facing the consequences, so while hey have the right to be mad about what XRP has being doing behind their backs they have no one to blame but themselves for their lack of foresight.

Alot of exchange site have already suspended XRP trading on there platform but it not because they dont want to get into trouble with the SEC cause they are actually preventing themselves from lost since the future of XRP is not certain. However, it only the CEX exchange that will be scared not to get into trouble with the SEC.

With such actions, those exchange are not willing to take the risk, they'll suspend the activity of this coin inside their service as they don't want to have any problem with SEC.

This massive dump will continue, without any action coming from the team. This problem will be a long term concern, investors are also
frustrated with hw things works for now.

The value after the pump since the airdrop are now went back and still holding to it's current
value and it's a risk if you'll going to take your entry.

Litecoin now is occupying the spot where they are holding for a long period of time, Ripple is still holding on we'll know in a couple months if investors decide to hang on and continue to support Ripple, but if Ripple happens to fall in the top 10 then we can conclude that it's losing support from majority of investors and Ripple could be out of the business this year.

Reasons?

Are you seriously?

Every day some platform delists Ripple, it is obvious that the "waves" of dumps will not stop as long as news of this kind is released.
And the larger the exchange, the stronger the effect. Even if in some cases this only applies to users from the United States.

We have known for a long time that the whales in ripple are quite big, so even if they want to get out the question is if they can do it at all? If they tried to sell even a portion of their coins with the lack of demand and the fact that exchanges are suspending the trading of XRP everywhere this means they could crash the price of the coin, a crash that if it were to happen could spell the end of XRP as no one will trust in that coin ever again after such a massive crash.

So what do they have to do?

Just stand there and play like the band on the Titanic while all the rats scurry away.


It seems lose lose for them.

It seems that is what's happening, they are trying to fight it out in the court but it's going to be a very long battle ahead if they believe that they have a chance in the court, then why not do buy support, investors are watching on every move coming from SEC and Ripple and every news will have an impact on the price and the standing of Ripple in the market.

Honestly, I was surprised to see that the xrp price has rebounded so much. We'll see what happens after all that fiasco with the SEC indictment.