Any ideas on why XRPs price is fluctuating?

[Psynthax]

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.

[bryant.coleman]

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.

[tabas]

~

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.

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.

[AmoreJaz]

~

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.

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...

[smyslov]

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.

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.

[DrBeer]

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

[marilynmanson21]

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

[tabas]

~

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.

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...

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.

[MCobian]

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.

[Yamifoud]

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.

[magnum cyber]

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.

[Koutami]

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

Regards

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

[ene1980]

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.

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.

[samcrypto]

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

Regards

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

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.

[LittleBitFunny]

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.

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.

[Febo]

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.

[shoreno]

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  

[dunfida]

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 wander 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.

[HerbertMarcel]

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.

[JooBra]

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.