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

[ScamViruS]

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.

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.

[Wysi]

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.

[tvplus006]

whenever there is negative news there is bound to be a sell-off, and I'm sure this applies to ripple as well. today the ripple has dropped below 0.5$ and this will probably get worse. You have ripple on your portfolio, Better sell it before it's too late. this could be a huge dump if the problem hasn't found a solution.

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.

[Bergluft]

An attack on XRP is not an attack on any crypto, XRP is not a cryptocurrency.

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.

[kawetsriyanto]

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.

[TastyChillySauce00]

whenever there is negative news there is bound to be a sell-off, and I'm sure this applies to ripple as well. today the ripple has dropped below 0.5$ and this will probably get worse. You have ripple on your portfolio, Better sell it before it's too late. this could be a huge dump if the problem hasn't found a solution.

what you said came true, currently the price of XRP has fallen very deep. today the price of XRP is below 0.3 $, lucky I sold it while the price was still around 0.5 $. this will probably continue, until next year.

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

[maximumcoin]

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/

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.

[Koutami]

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/

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

[bryant.coleman]

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.

[yazher]

whenever there is negative news there is bound to be a sell-off, and I'm sure this applies to ripple as well. today the ripple has dropped below 0.5$ and this will probably get worse. You have ripple on your portfolio, Better sell it before it's too late. this could be a huge dump if the problem hasn't found a solution.

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.

[Pamadar]

whenever there is negative news there is bound to be a sell-off, and I'm sure this applies to ripple as well. today the ripple has dropped below 0.5$ and this will probably get worse. You have ripple on your portfolio, Better sell it before it's too late. this could be a huge dump if the problem hasn't found a solution.

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.

[el kaka22]

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.

[Tash]

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.

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.

[mindrust]

An attack on XRP is not an attack on any crypto, XRP is not a cryptocurrency.

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.

[shoreno]

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.

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 .

[tvplus006]

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.

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.

[mu_enrico]

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.

[BayAngelo]

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.

[jubalix]

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

[Psynthax]

I think panic selling will continue that will result in dumps untill major whales with extra holdings or people that just dont care are left and obviously there will be hardcore supporters that would keep holding in hopes of recovery and everything back to normal.

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.