Why XRP Crash?

[DanielBroonze]

When the Whole market Especially BTC Is Stable While XRP Feels Bloodish. Any Reason?

[Maxstl007]

It's normal if any altcoin loses its value at the point of time because it isn't altcoin season yet and also XRP airdrop is over, many who invested because of the airdrop are dumping, one more thing, the news about SEC bouncing on XRP may fear many too, not 100% sure this is just a guess, don't worry too much recovery is possible

[Genemind]

It's normal if any altcoin loses its value at the point of time because it isn't altcoin season yet and also XRP airdrop is over, many who invested because of the airdrop are dumping, one more thing, the news about SEC bouncing on XRP may fear many too, not 100% sure this is just a guess, don't worry too much recovery is possible

It actual the main reason why XRP price dropped almost 30℅ innjust a few days after the news came out that SEC will sue  XRP, since they think XRP is selling unregistered securities. Not to mention some platforms delistng XRP to avoid any legal obligations once XRP losses the case.

[Jawhead999]

Actually you can googling easily to search a news related to anything you want. You can read in this article [1] it's possible XRP is crashes due to faces lawsuit or sue from US. Anyway XRP aren't worth to take top 4 places in entire cryptocurrencies, since it's not decentralized as cryptocurrencies should be.

[1] https://www.aljazeera.com/economy/2020/12/22/ripple-says-it-faces-sec-lawsuit-as-cryptocurrency-xrp-drops

[Blitzboy]

SEC Sues Ripple Over XRP Cryptocurrency

The news is here. They claims that the ripple violate investor-protection laws. Combine with the latest airdrop, Ripple can not stand before a big storm like this. But I believe it will become stronger when it overcome this crisis. To me, ripple has long a strong and trust asset in the crypto world. Even if it is centralized, ripple and xrp are better than any bank

[raidarksword]

If you didn't read news it's because of SEC intervention and sues on XRP. Many people got FUD and got panic selling faster than anyone else or else they will be a pretty lose and i cannot blame people who panic selling because they fear of losing more if they will strongly hold their assets. This adversaries will make XRP more strong it's just a matter of time.

[azisjz4]

There are many reasons why the price of XRP has dropped. One of them is the existence of legal attacks from the SEC and XRP in delistions from 3 exchanges. For a comparison of the two opinions of each party You can check twitter SEC [https://twitter.com/SEC_News]and CEO Ripple Brad Garlinghouse [https://twitter.com/bgarlinghouse].. The result of the case that happened to Ripple, currently many people predict XRP Price Could Plunge Towards $ 0.2 and Will Major Exchanges Delist XRP (https://coinpedia.org/news/xrp-price-plunge-will-major-exchanges-delist-xrp/)

[Psynthax]

It's obvious the crash is becasue the news about SEC suing ripple and the people cashing out after airdrop snapshot. What I wonder though, why ETH gets dumped as well in my opinion if people switching over from XRP the other good choice is ETH which should go up a little consdiering that XRP is former 3rd highest market cap alt but I guess I'm wrong.
Also, you need to note that this problem regarding SEC suing ripple gonna be a serious problem.

[meanwords]

What do you mean the market is stable? you can see in CMC that there's an ongoing bloodbath going on in the market right now. Almost all cryptocurrencies in the top 100 are down by more than 5% or even 10%. Aside from that, XRP is having a dispute with SEC. They just had the worst luck this month because they did some shady things this past few years and they are paying the price.

[cilgindansci]

XRP is facing a huge problem. Problems experienced with SEC can't be overcome easily. This situation can destabilize them. If this problem is not resolved, it will negatively affect all cryptocurrency markets  

[Tash]

............ it will negatively affect all cryptocurrency markets  

Garbage, not the whole crypt market is a illegal security like xrp.
Every company in the past who offered money was eventually shut down, some operated for as long as 11 years. Took 6 years for xrp before sledgehammer come down.
Cleaning up the cryptomarket is a good thing, about time.

[livingfree]

Be aware of the news that's circulating with the coin you invest like XRP. It's been all in the crypto news and even mainstream media that SEC has filed a lawsuit against the executives of Ripple.

The news affected much XRPs price and that's why you're moved to see it while bitcoin and the others are stable in these times.

If this problem is not resolved, it will negatively affect all cryptocurrency markets 

No, this is only for XRP. Its market cap could go eventually to bitcoin.

[newwest]

XRP is facing a huge problem. Problems experienced with SEC can't be overcome easily. This situation can destabilize them. If this problem is not resolved, it will negatively affect all cryptocurrency markets  

Seems now XRP might not be back above 0.5$ soon. And it is falling like 30% +. SO those who had believed it could cross 5$ as well now would be worrying a lot because reaching 1$ in coming time itself will be the big ask from here. Bitcoin may continue to rally but XRP might not be rising but instead due to SEC it may continue to fall.

[qory]

There are some topics about why it crashed. Try to look at this topic https://bitcointalk.org/index.php?topic=5302710.0 It's nice that I trust some users before who says that don't trust Ripple since it's a centralized coin.

[SATWAT]

Be aware of the news that's circulating with the coin you invest like XRP. It's been all in the crypto news and even mainstream media that SEC has filed a lawsuit against the executives of Ripple.

The news affected much XRPs price and that's why you're moved to see it while bitcoin and the others are stable in these times.

If this problem is not resolved, it will negatively affect all cryptocurrency markets 

No, this is only for XRP. Its market cap could go eventually to bitcoin.

This is really good point XRP sue is not related to cryptocurrencies surely its not going to have any side effect on overall market because currently market is doing some good and can rise some more in future even xrp issues not solved.

[bitkanu]

XRP is facing a huge problem. Problems experienced with SEC can't be overcome easily. This situation can destabilize them. If this problem is not resolved, it will negatively affect all cryptocurrency markets  

I thought that this problem will not give a huge impact to another cyrpto currency that can't be classified as the security coin. This is an old problem and so many parties aware about the ripple coin was filling all of the requirements to be called as security coin but this is the worst than security coin.

[Lantind]

When the Whole market Especially BTC Is Stable While XRP Feels Bloodish. Any Reason?

The XRP token is in big trouble with the SEC, so it will continue to be thrown away by a large number of holders, because there used to be a lot of people who liked this token, but when they know that this token is in trouble, everyone will throw it away the price is bloody.

[paglarhat]

I don't understand exactly why XRP was dumped.
Maybe there is bad news in the media about XRP.
I have held some XRP so I need a clear idea about this.
If anyone knows, please let me know.

[kevinzxz]

When the Whole market Especially BTC Is Stable While XRP Feels Bloodish. Any Reason?

it happened as a result of SEC suing Ripple

source : https://cointelegraph.com/news/sec-set-to-sue-ripple-with-xrp-in-the-crosshairs

but Ripple CEO assures shareholders and the industry that the company will win the case brought by the United States SEC

source : https://cointelegraph.com/news/ripple-ceo-garlinghouse-responds-to-sec-complaint-against-xrp

because 95% of Ripple’s customers are not from the US

source : https://cointelegraph.com/news/95-of-ripple-s-customers-are-not-from-the-us-ceo-garglinghouse-says

I hope this problem will be resolved quickly and of course that the price of Ripple starts to recover again, so that investors who invest in XRP will return to profit and everyone will believe to investing in XRP again.

[samerfarari122]

maybe this is because lot of people holding it and thinking it will get ath this season and so on whale seen it and did the manipulation to dump to the price so those who seen the fear will definitely dump it anyway