XRP Price Dives After SEC Files Charges

[marcbitcoins]

The price was still holding to $0.3 for about weeks from now. Can we think that this remaining value is just a corporate holding shares so that the price will hold on or they still have loyal supporters who still hold and believe of the reliability of their platform and hoping that still it has a future?

[cryptomaniac_xxx]

The price was still sticking to $0.3 for about weeks from now. Can we think that this remaining value is just a corporate holding shares so that the price will hold or they still have loyal supporters who still hold and believe of the reliability of their platform and hoping that still it has a future?

We can't really tell it as this point, but one thing is for sure, there are still loyal supporters of XRP and will do everything to let the price go above waters as this point, win win situation for them. They can make profits and maybe they can trap more investors to invest. The case is still looming despite who are going to sit as SEC chair.

[decodx]

The price was still sticking to $0.3 for about weeks from now. Can we think that this remaining value is just a corporate holding shares so that the price will hold or they still have loyal supporters who still hold and believe of the reliability of their platform and hoping that still it has a future?

We can't really tell it as this point, but one thing is for sure, there are still loyal supporters of XRP and will do everything to let the price go above waters as this point, win win situation for them. They can make profits and maybe they can trap more investors to invest. The case is still looming despite who are going to sit as SEC chair.

I bet the price of the XRP at these rates can be sustained by the Ripple Corporation itself. I don't believe there's a large number of small, weak-handed investors who want to get out right now. Most xrp investors are large institutional investors, imho.

[bbc.reporter]

News update.

Kraken will remove XRP trading for its American users on January 29. This is not as bad as a delistment, however, this appears to show the negative sentiment of Kraken.

Also, good news. XRP is presently pumping hehehehe.



Kraken announced on Jan. 15 that it would halt trading in XRP for US residents. The company made the move because of the Securities and Exchange Commission (SEC) filing against Ripple Labs.

Source https://beincrypto.com/kraken-becomes-latest-exchange-to-halt-xrp-trading/

[JollyGood]

Plenty of exchanges are still trading with XRP pairs, the price is a steady +$0.25 so things are not too bad. This will be a long drawn out legal process so in the interim billions of USD$ of trading with XRP will continue on a daily basis.

[LittleJadiel]

It's RIPPLE vs SEC, and XRP is taking the toll. Ripple is going to fight until the very end but we've seen this film before, we're still not gonna like the ending.

[Dariusburst]

News update.

It appears that because of the new SEC appointees of the incoming Biden administration, Ripple might be saved and allowed to settle their case hehehe. Relist and pump?



Marc P. Berger, who was named Deputy Director of the Division of Enforcement at the US Securities and Exchange Commission (SEC) in August 2020, is leaving the agency before the end of the month, according to an SEC press release. He was appointed acting director of the division after Stephanie Avakian departed from the SEC in December.

Though Berger’s time in the top position was short, it bears at least one major highlight: the SEC’s $1.3 billion lawsuit against Ripple Labs, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen.

The lawsuit, which was unveiled at the tail end of Avakian’s tenure, alleges Ripple did not register the sale of XRP, the third-largest cryptocurrency by market capitalization.

Source https://decrypt.co/53897/sec-enforcer-behind-1-3-billion-ripple-lawsuit-stepping-down

Correct, I like the way that XRP teams stand up for themselves and try to fix the whole thing, the CEO most especially, that was when I noticed that XRP is going to escape the death trap, I'm just glad I'm still holding unto my XRP, if they eventually follow their aims XRP will moon big time

[Vishnu.Reang]

News update.

It appears that because of the new SEC appointees of the incoming Biden administration, Ripple might be saved and allowed to settle their case hehehe. Relist and pump?

I don't think that the change in presidency will have any impact on this case. SEC is not going to reverse their ruling, irrespective of whoever comes in to the administration. The only option left for XRP is to file an appeal against the ruling, which may take at least a year to process. Whales with large XRP holdings may attempt to do a few pump-and-dump cycles by spreading fake news on social media sites and compromised new sites such as Coin Telegraph, but we should be cautious about it. 

[Clement Kaliyar]

It appears that because of the new SEC appointees of the incoming Biden administration, Ripple might be saved and allowed to settle their case hehehe. Relist and pump?

It is highly unlikely that XRP will get away with the lawsuit even with the change in administration. Janet Yellen did not come out with a positive aspect as she had a negative thought on how cryptocurrency is used by terrorist and she echoed how they are planning to come out with regulations to combat that and the allegations and lawsuit against XRP is not small either.

[heztida3]

Similarly as large occasions, for example, splitting for instance most occasions causes an appreciation in cost of a cryptocurrecy, so does an awful news bring about a dive or an absolute breakdown, this claim will cut wave down and tbh I question they'll have the option to recuperate from it, a considerable amount of individuals have pulled out are as yet pulling out of the organization to cut their misfortunes, it's to be sure an awful period for big time swell holders.