What will happen to XRP market now that SEC is suing Ripple?

[MarcAss]

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/

[shinratensei_]

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.

[AliErkic]

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

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

Will Ripple XRP be the number one cryptocurrency before the end of the year?

Never, it's a scamcoin launched by some greedy idiots. When pockets are filled and ripple has no use case for greedy devs to make money it will be abandoned and xrp shitcoin will be dead. Better sell it off before xrp dies. GET OUT!

Centralized ripple shitcoin is coming to an end soon. I hope all people will get out before it's too late and avoid huge losses.

If I hear Rippel I say: AVOID THIS SHITCOIN!!

GET OUT!! XRP IS SHITCOIN!!!!!!

XRP is REKT!!!!!!

SELL NOW

Garlingcrook must be sued NOW for his fraud!

[pakhitheboss]

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.

[poodle63]

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.

[bryant.coleman]

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?

[masterrex]

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/

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.

[Iyeman]

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/

The big question is why now it should be earlier it is obviously a security token because of it's centralized nature, this could force XRP out of business as you can see price is going down, it's only a charge if they cannot defend themselves well this is disaster for their business, now there is a hanging Damocles on XRP and holders will now have second thought if they still want to HODL Ripple.

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.

[raidarksword]

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.

[eucalyptus]

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.

[judeafante]

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/

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.

[Chuky92]

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.

[meanwords]

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



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.

[plvbob0070]

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/

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.

Actually, they did an announcement and you may read it here:
[1] The SEC’s 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.

[devollito]

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.

[cabron]

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.

[tk808]

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.

[DogeCoinBandit]

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?

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.

[Bitstar_coin]

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.

[adzino]

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/

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.