Why XRP Crash?

[chichidori]

You should have read the news by now if XRP loses the case there is a big chance that it will also lose its value in the market some exchange are now delisting XRP to avoid any conflict, it will take a lot of guts to buy and hodl xrp in this time crisis but it will be rewarding if ripple wins the battle.

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[FaucetKING]

You ain't wrong.. XRP is driven by alot of whales and big investors which have relations that helped them deal with Moneygram! That's not by luck or by coincidence i think. I want to express that i dealt using XRP in the past and made a couple of transactions using their blockchain, it's a perfect blockchain but i'm not liking the people behind that project, no hard feelings even if the project is successful but my own feelings aren't good. They have alot of whales playing there and earning alot of funds, it's not me who's expressing the hate, ask each investor there and they will tell you that i am right.

It's mainly the trading outcome that made the market drop very hard. Traders are now selling to quit because of some troubles and a case is even opened against XRP in the USA. I was looking into their graph in the last days and saw some impressive movements but i did say in some recent comments that i don't trust XRP enough even if they are successful.
I don't think if they will be dumped more or that the community will keep the coins and buy more but i'm telling you guys that XRP is good but they are suspicious. Only invest what you can afford to lose.

[livingfree]

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.

When I've first heard of the news, I only thought it would impactfully be attached to XRP only not to the entire cryptocurrency market. The way the people have reacted on this is they are exaggerating the situation. They all connecting that this sue would be also part of the dump of the whole market but hey, no that's not going to happen.

Despite the huge down in percentage of XRP yesterday like around $0.25, well, today it has done great @ $0.33. Traders who bought at that dip can enjoy their profits today.

[Argoo]

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.

Apparently, the price of ethereum does not increase due to the fall in the ripple rate, because ripple has been largely used as a means of payment, and ethereum is not yet so used in this capacity. In addition, the issue of high transaction fees on the ethereum network is still not completely resolved, so people are looking for cryptocurrency with cheaper transactions.
An example from the SEC lawsuit against ripple and an instant significant drop in the price of this coin shows how vulnerable the cryptocurrency is and depends on the actions of states and their organizations.

[zaim7413]

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

The word "maybe" is an approximation that is not necessarily correct, moreover you also do not know the full truth about this, so it will be very difficult to put all the real events into our minds, even though the fear and exile from holding the token remains.

[Shallow]

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

Yes there is a reason and that reason came from SEC which is working on suing XRP and you know what happens when an entity such as SEC comes after a project; what actually happens is that, it brings about panic within the users and since no one can read the future to know how everything gets solved, the best thing to do at that point would be selling just in case everything goes against XRP, so that the users or holders won't lose a whole lot. Bad news like this one, is one of many factors which affects the entire market or a particular platform negatively depending on what the news is all about. Everyone will only but wish this gets solved as fast as possible before XRP loses a lot of its value.

[SquallLeonhart]

I also hope that people saw what Ripple did during this period as well. Not only they have publicly said that all the other cryptos are bad, and they are the only good one and the government should trust them and the other things were used for illegal things while xrp was used in accordance with the government and the government could ask anything they want about people and XRP would cooperate while no other coin would ever do that.

So basically, ripple said that they will screw us over USA wants to, plus all other coins sucked and crypto was bad. If you have seen this, and still somehow for some weird reason support XRP that means you are not a crypto person neither, no crypto person would allow this kind of talk towards crypto, you should have known that these guys are crooks and they would screw everyone over in a minute as long as that means either profit or saving their own ass.

[cryptomaniac_xxx]

Currently, we have seen the tip of the iceberg already,

(1) SEC filed a case on XRP
(2) Some small tier exchanges said that they are going to de list XRP
(3) Bitwise liquidating their XRP assets because of the fear of the lawsuit

I think this is the main reason of the sudden flash crash and it's getting worst the day. Of course, there are still going to see pump-and-dump here and there so many can still make money. But if you look at the long term, I would say that the future is bleak for XRP.

[sallybein987]

Experts are also sceptical due to the dubious business model and the lack of real results of integrating Ripple’s payment solutions into existing financial systems.

All this indicates that investing in XRP is a rather risky decision, which is better left to experienced traders and investors.

[sgenuine]

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

Retail investors were involved in the Scam and were deceived. XRP is an unregistered security that Ripple trades it illegally. It turns out that the organizers deliberately received more than $1.3 billion in funding from investors, knowing that in fact they are scammers.

[Shasha80]

There is a lot right now talking about XRP, probably because the XRP price has taken a surprisingly deep drop. Actually, there have been
many topics discussing the reasons for XRP crash, one of which is definitely related to lawsuits from the SEC. This panicked a lot of investors,
especially XRP holders from America. I'm sure 90% of them sell their XRP. Not to mention the effect of the rumors that Coinbase will delist XRP,
making XRP lose the trust of its investors.

[speedforce]

Currently, we have seen the tip of the iceberg already,

(1) SEC filed a case on XRP
(2) Some small tier exchanges said that they are going to de list XRP
(3) Bitwise liquidating their XRP assets because of the fear of the lawsuit

I think this is the main reason of the sudden flash crash and it's getting worst the day. Of course, there are still going to see pump-and-dump here and there so many can still make money. But if you look at the long term, I would say that the future is bleak for XRP.

This issues very bloody, many traders will profit from the issues while another was killed. For Newbie dont touch XRP trading in this time, better that invest to another top coin.

[pixie85]

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

First of all XRP is not following BTC. It is a cryptocurrency so it should but it barely does because of the path Ripple Labs took with this coin. It advertised it as a backup plan for BTC failure.

They treated Bitcoin like decentralization was its weak point and introduced their centralized coin as the one that will be supported by governments because it has a company running it and that company has faces, can be sued and all that.

As you can see the idea was ok in the beginning but decentralization seems to be winning. It's not only because decentralization is so much better but because ripple labs is playing dirty flooding the market with their premined coins so that they can give themselves bonuses.

[Xxmodded]

Most exactly reason why XRP crash because have any investigating from SEC or Securities and Exchange Commission from United State, they have big problem with cryptocurrency and almost United State people not allowing to invest on ICO project. Maybe last days for Securities and Exchange Commission director because today he will resign and have the other director who love with cryptocurrency and we hope could give positive way for bitcoin and altcoin in United State, almost when Securities and Exchange Commission make announcement with cryptocurrency always make bad impact price of some coin.

[TravelMug]

Currently, we have seen the tip of the iceberg already,

(1) SEC filed a case on XRP
(2) Some small tier exchanges said that they are going to de list XRP
(3) Bitwise liquidating their XRP assets because of the fear of the lawsuit

I think this is the main reason of the sudden flash crash and it's getting worst the day. Of course, there are still going to see pump-and-dump here and there so many can still make money. But if you look at the long term, I would say that the future is bleak for XRP.

This issues very bloody, many traders will profit from the issues while another was killed. For Newbie dont touch XRP trading in this time, better that invest to another top coin.

Pretty much this is the reasons for XRP sudden downfall, and then this:

https://www.coindesk.com/coinbase-delist-xrp-exchanges-dilemma

So expect that more big and reputable exchanges to follow suit and delist XRP, I think there is a pressure from US because of the SEC lawsuit against XRP. So this is going to be bloody and messy for XRP and it's holder if this news become reality in the next couple of days.

[asriloni]

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

did you watch the various news before? the  whales do nothin to the market. The main thing was SEC was suing ripple to the court as SEC found that XRP already violated the rules.
SEC was seeing ripple has been running illegal security token offering which is not allowed in US.
It has no correlation with the whales or something else. It's not also about the price manipulation. You should read the latest news again dude.

[Pamadar]

There is a lot right now talking about XRP, probably because the XRP price has taken a surprisingly deep drop.

That big dumped after huge pumped really been a talk now here and outside, many frustrated investors who bought when pumped happened are very dissapointed with how the market for this coin is moving right now,.

Actually, there have been many topics discussing the reasons for XRP crash, one of which is definitely related to lawsuits from the SEC.

Big impact to the price as SEC chasing this project really placing this coin in the deep.

his panicked a lot of investors, especially XRP holders from America. I'm sure 90% of them sell their XRP.

They need to comply knowing the possibilities of more dumped to take  place they are avoiding loses in the future.

Not to mention the effect of the rumors that Coinbase will delist XRP, making XRP lose the trust of its investors.

One by one, CEX opinions will make another huge impact if more reputable CEX adds up.

[Sithara007]

SEC ruling was not the only factor in this crash. It was the trigger, but a number of issues were looming with XRP for the past many years. And that is the reason when the crash occurred, the prices went down by this much. The market cap and exchange rate of XRP was kept at inflated levels, by keeping most of the total supply away from the trading platforms. This created an artificial scarcity, pushing up the prices. This strategy was not always sustainable, as seen from the current crash.

[btc_angela]

SEC ruling was not the only factor in this crash. It was the trigger, but a number of issues were looming with XRP for the past many years. And that is the reason when the crash occurred, the prices went down by this much. The market cap and exchange rate of XRP was kept at inflated levels, by keeping most of the total supply away from the trading platforms. This created an artificial scarcity, pushing up the prices. This strategy was not always sustainable, as seen from the current crash.

Yes its the trigger that has the effect of a domino falling down, that's why the price really goes down the pipe. There are a lot of promises that it could reach as high as $1.00. Actually if went as high as $0.90 if I'm not mistaken and the future looks bright for XRP.

However, when the news of SEC filing case against them, it crumbles, but it is not done yet. It recovered somewhat from $0.30, but still far cry from its previous all time high while other coins are heading on a bullish trend entering 2021.

[virasisog]

SEC ruling was not the only factor in this crash. It was the trigger, but a number of issues were looming with XRP for the past many years. And that is the reason when the crash occurred, the prices went down by this much. The market cap and exchange rate of XRP was kept at inflated levels, by keeping most of the total supply away from the trading platforms. This created an artificial scarcity, pushing up the prices. This strategy was not always sustainable, as seen from the current crash.

Yes its the trigger that has the effect of a domino falling down, that's why the price really goes down the pipe. There are a lot of promises that it could reach as high as $1.00. Actually if went as high as $0.90 if I'm not mistaken and the future looks bright for XRP.

However, when the news of SEC filing case against them, it crumbles, but it is not done yet. It recovered somewhat from $0.30, but still far cry from its previous all time high while other coins are heading on a bullish trend entering 2021.

I've been hearing humor that SEC filing a lawsuit against Ripple is a plot to let the price crash to it's lowest. The recent news about SEC and Ripple had a huge impact to XRP and it even lead for some trading sites to delist XRP to avoid getting involved with XRP's law suit. It will be difficult for XRP to recover due to this news, I am wondering what will happen to XRP once they are found guilty of what they are accused of.