XRP Price Dives After SEC Files Charges

[rahmatullah9305]

To be honest, I'm not very good at all these legal matters but I still believe that everything will be fine for ripple I think the ripple team already knew about this outcome in advance and now when they are still caught, they somehow pay off and everything will be fine.

Yes, if we look at the history of the development of Ripple, it is very clear that the teams that are in Ripple are very smart people who can solve all things and problems, moreover it is very serious for them to solve.

[poodle63]

This is what we have been saying for sometime that XRP is a security and this could be the beginning of the end for XRP, I have a feeling Binance is likely going to delist it because Binance too have her own issue boiling underground with SEC, and they need to clean house and by doing so, means delisting projects that is perceived to be XRP. I believe XRP will fight this but likely going to lose

This is just a prediction still, I believe that XRP won't go down because of SEC, there will be more diving in value because of weak investors but XRP can beat this difficulty, it's time to actually see how strong XRP can be, if they win this fight XRP will be even better, let's wait to see what comes next

You actually underestimate SEC when it comes to filing charge like this. If you know centra that succesfully raises funds in an ICO back then you will know that project vanish to thin air after being  sued by SEC as fraudulent. regarding XRP we don't really know whether it's really gonna survive or not until we know the result of this problem. Most of people are just speculating that XRP gonna back up but they actually don't even have a clue.

[cryptoaddictchie]

Delisted from 3 unknown and might be unbanked exchanges is nothing,

Its not just nothing when the price plummeted so big. The fud on these news slightly affect the xrp market especially the SEC news are everywhere. But with the recovered price I think this just means a playsafe fud for those institutional player to drop the price a bit. I dont know but this political affair of SEC might also rigged maybe.

[JollyGood]

It means that with all the negative press this whole court case against Ripple will bring people should (logically thinking) avoid anything to do with XRP but that is not how business works. Many people will buy XRP when they see it as a low price because they would anticipate the price will go up at some point.

The court case and the following appeal will take a long time to be finally concluded until then there is money to be made by trading XRP so people will continue trying to make a profit and exchanges will continue to have XRP pairs so they can make money too.

The value of XRP fell by more than 30% on the news.[/i]

does that guarantee that the XRP price would drop? In that case it means that it's not smart to invest to Ripple? now i see what's the reason
of the -30% price drop of the ripple.

[DIA7]

It's confusing that xrp gained back 0.1$  since it dipped to 0.26$ yesterday to 0.36$ today  despite it's getting delisted from some exchanges are delisting it from total 192 lists to less then 140lists.

If Coinbase delists Ripple it will be a big blow for it.
I don't think it's good to invest in it anymore especially when they are (ripple creatures) admitting to keeping prices little bit high just to keep dumping and fill their pockets.

[kpierce77]

It's confusing that xrp gained back 0.1$  since it dipped to 0.26$ yesterday to 0.36$ today  despite it's getting delisted from some exchanges are delisting it from total 192 lists to less then 140lists.

If Coinbase delists Ripple it will be a big blow for it.
I don't think it's good to invest in it anymore especially when they are (ripple creatures) admitting to keeping prices little bit high just to keep dumping and fill their pockets.

I read a piece of news this morning, there are several possibilities as well as solutions that will be taken such as moving the Ripple HQ outside the US, so they can make a deal that is more in line with the regulations. The CEO of Ripple also seems to be saying that it is likely due to the political situation in the US which is currently undergoing a transition, but I'm not really sure about that

[darkphoenix2610]

Ripple is facing a new lawsuit the price drove to really low and makes some investors panic. There are also exchanges that started to delisted Ripple (XRP) doubting Ripple can come back. https://crypto.co/technology/bitwise-sells-xrp-holdings-as-ripple-faces-a-new-lawsuit/. Well, let's see who will win between US SEC and Ripple.

[trauchot]

Of course, the price of Ripple has dropped a lot, but it is clear that many big players do not want Ripple to fall in price very much, and therefore some big players are constantly buying Ripple and perhaps this is good, because when the SEC receives its own from Ripple, then most likely Ripple will start again grow in value and we will see new heights.

[Jating]

Ripple is facing a new lawsuit the price drove to really low and makes some investors panic. There are also exchanges that started to delisted Ripple (XRP) doubting Ripple can come back. https://crypto.co/technology/bitwise-sells-xrp-holdings-as-ripple-faces-a-new-lawsuit/. Well, let's see who will win between US SEC and Ripple.

I haven't seen US SEC losses it's ground to any crypto project, so although Ripple is too big, I think I will say that they have a very slim chances against the lawsuit against them. US SEC will not file this case if it is not air tight. Remember Telegram? well they SEC halted their ICO and they have to pay in millions in fine.

So I think this will be the same here, if found guilty in violation they have will have to shell out money and pay the government and then we will see how it goes.

[fishbonez11]

Of course, the price of Ripple has dropped a lot, but it is clear that many big players do not want Ripple to fall in price very much, and therefore some big players are constantly buying Ripple and perhaps this is good, because when the SEC receives its own from Ripple, then most likely Ripple will start again grow in value and we will see new heights.

Looks like XRP price have recovered a little. Some says that XRP can still go on since they have faced similar issues before. This day XRP have gain 37% rise from yesterdays. Personally, I am not fan of this kind of coin, you can gain big amount for a day but also can be lost in a day. Almost a scam, this is only for high risk taker.

[plr]

I haven't seen US SEC losses it's ground to any crypto project, so although Ripple is too big, I think I will say that they have a very slim chances against the lawsuit against them. US SEC will not file this case if it is not air tight. Remember Telegram? well they SEC halted their ICO and they have to pay in millions in fine.

So I think this will be the same here, if found guilty in violation they have will have to shell out money and pay the government and then we will see how it goes.

I sold all my XRP upon reading the news, SEC is just to big for Ripple to handle, I don't know how they can handle this, but this is probably one of the biggest news this 2021 and it could top big news like all time high and the crash of Bitcoin because of the pandemic.

[leea-1334]

Aaand thanks to Bitcoin's new ATH which is happening in these last few hours,,, we are seeing a huge pump in XRP. I guess whoever thought it was a good idea to buy at the XRP dip this week is going to be happy. I saw 33% but now looks like almost 40% gains will be concluded by the end of the day.

[decodx]

XRP trading and deposits to be halted for US customers... I bet other exchanges will follow as well.


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

[bitcon]

The situation for investors at the moment is very scary. It is obvious that the token has now significantly lost its value, but there has not been a trial yet. Therefore, the recovery of Ripple's positions will not happen in the near future. More and more companies are refusing to work with company.

[Saisher]

To be honest, I'm not very good at all these legal matters but I still believe that everything will be fine for ripple I think the ripple team already knew about this outcome in advance and now when they are still caught, they somehow pay off and everything will be fine.

I am not also good in legal matters but we know SEC they always make sure the case is airtight and they can prove their case, Ripple has been to a lot but so far this is the biggest issue that they've faced because they are up against a regulating body, who is capable of stopping progress for any project or companies, they have to brace themselves here.

[MCobian]

If you look at the massive news regarding the lawsuits by the SEC against XRP, it looks like the future of XRP will be threatened.
As we all know the rumors of Coinbase delisting XRP have sounded everywhere on various social media. This is not a good thing
for XRP, no wonder the price of XRP continues to decline in the market. I also predict that if XRP loses in court, it is certain that
almost all popular exchanges will delist XRP.

[Rengga Jati]

At the time of creating this thread the XRP price is $0.34

The price dropped again, it is only around $0.30 now. The drop is quite big, it already declined to $0.28 and rise a bit to $30 now. SEC lawsuit makes XRP holders feel afraid, moreover some major exchanges consider delisting XRP. But I think it won't last a long time, the XRP team should do something to recover the situation. I keep holding my XRP and never think to join panicking selling. 

[Jating]

At the time of creating this thread the XRP price is $0.34

The price dropped again, it is only around $0.30 now. The drop is quite big, it already declined to $0.28 and rise a bit to $30 now. SEC lawsuit makes XRP holders feel afraid, moreover some major exchanges consider delisting XRP. But I think it won't last a long time, the XRP team should do something to recover the situation. I keep holding my XRP and never think to join panicking selling. 

Yeah, there's a lot of uncertainty right now, so if you are a XRP holder, you better think ahead whether to withdraw your assets or convert them to other alts or bitcoin. There is also news that Bitstamp is requiring their US customers to withdraw as well because of this lawsuit coming from SEC.

So I'm expecting a see saw price of XRP now, very volatile and will fluctuates if there is a negative news that will come out again.

[JollyGood]

It really will be along drawn out process and anything could happen in court and during the appeal. Ripple and those behind the project have billions of USD$ to defend themselves so they will not hesitate to spend it on the best legal team that money can buy.

Hoping that XRP will win it in court, XRP is quite a good project and is also in the top 10 list on CMC. I really regret this incident, but I will try to take the risk to buy some XRP at the current low.

[bbc.reporter]

@JollyGood. Ripple's investors similar to Andreessen Horowitz and CME Ventures might also have the political connections to help them avoid an unfavorable verdict or there might only be a settlement on the case without a trial.

Also, I reckon we should hope that Ripple settles or avoids the charge because the case might become a legal precedent to use against everything else in the cryptospace.