Any ideas on why XRPs price is fluctuating?

[Phantom Investor]

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

Regards

[Akiko]

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 .

[DeathAngel]

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.

[ryzaadit]

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.

[tabas]

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

It has dumped today and this is the reason why.

• Ripple's XRP Loses $2 Billion In Market Value After CEO Warns Of 'Shocking' SEC Suit
• Ripple is being sued by the SEC
  

And if this continues and won't be solved, we see a not so good 2021 for it.

[crzy]

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

Regards

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.

[fishbonez11]

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.

[CuriousGeorge]

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

Regards

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

[uray]

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

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.

[blue Snow]

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

Regards

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

[asriloni]

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

Regards

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.

[takngantuk]

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.

[Ridwan Fauzi]

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.

[shinratensei_]

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.

[maximumcoin]

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

Regards

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

[judeafante]

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

It has dumped today and this is the reason why.

• Ripple's XRP Loses $2 Billion In Market Value After CEO Warns Of 'Shocking' SEC Suit
• Ripple is being sued by the SEC
  

And if this continues and won't be solved, we see a not so good 2021 for it.

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.

[darkphoenix2610]

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.

[TastyChillySauce00]

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.

[namcunguyen]

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

Regards

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.

[rhomelmabini]

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.

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.