The reason behind the XRP's 2nd wave of hard dump!

[Eedward]

#XRP dumping due to this reason.

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

[ryzaadit]

A hard dump will be coming!

When other exchange following the step-like "Bitstamp", I could be buying a few XRP when the hard dumping coming! I will be waiting for under 1 cent ~LOL come on give us some blood market on XRP.

[mersal]

#XRP dumping due to this reason.

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

This is just the beginning probably the real dump is yet to be felt, already coinbase announced that they are delisting XRP so which is the reason for this initial dum but we will see the bleeding region only when the delisting takes place. People from countries other than US is still holding it can be realized in the next week.

[Zeehaxan]

#XRP dumping due to this reason.

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

It was always on the cards, many other exchanges are also expected to do the same so we can expect turbulent times ahead for xrp and its holders.

[Gozie51]

I think this is just a beginning of ripple dump because  more whales are going to scare up and dump. Fud creation or the reality of the situation can cause more of negative action against  the coin. When exchanges begin to make negative statement about it, we know that it is more serious issue for management.

[tsaroz]

The current dump is due to the SEC's lawsuit against Ripple. They have termed Ripple as a security and claims Ripple has collected a large amount without abiding by the law set by itself. Many of the financial institutions from US government acts like a mafia group and the current claim is surely due to Ripple leaving US without settling the finance.

[ardentvolcanoes]

The bounce was good opportunity for people to exit because i do not think xrp is going to get out of this negativity any time soon so a dump was always expected after the bounce.

Chances that there's a big whale or whales who are trying to do an exit that's why we still seeing some slight pumped after experiencing that huge

dumped few days back, it's an opportunity for them to get some decent profits before completely dumped everything. Needs to be extra careful

and keep monitoring if you still have some coins inside your wallet.

[disconnectme]

Even before this SEC news that declared XRP a security, I have predicted the price would go down after the Airdrop. Things are not looking good for XRP now and it is better to short it or sell because more and more exchanges are going to delist it, I just hope some people have not bet their house on XRP going to $3

[jossiel]

They had it only for the US customers. I get the idea that exchanges will stop trading operation for their users that are residing in the US because the lawsuit is specific from that country. It is bitstamp and one of the largest exchange that we have. What if other big exchanges also announce the same thing.

Even if the announcement would only halt trading for XRP on US users, still that's a huge loss for the XRPs market. A market that will be halt because of the lawsuit and might be followed by several delisting for the safety of the exchanges that supports it.

[CaVO32]

They had it only for the US customers. I get the idea that exchanges will stop trading operation for their users that are residing in the US because the lawsuit is specific from that country. It is bitstamp and one of the largest exchange that we have. What if other big exchanges also announce the same thing.

Even if the announcement would only halt trading for XRP on US users, still that's a huge loss for the XRPs market. A market that will be halt because of the lawsuit and might be followed by several delisting for the safety of the exchanges that supports it.

This lawsuit is really big blow to XRP market. Won't be surprised if other exchanges will follow thru like Binance.US. I am wondering, is there a way for the XRP team to resolve this faster? I mean, can they make a deal with the SEC so as not to prolong this lawsuit?

[Iron Fist]

This lawsuit is really big blow to XRP market. Won't be surprised if other exchanges will follow thru like Binance.US. I am wondering, is there a way for the XRP team to resolve this faster? I mean, can they make a deal with the SEC so as not to prolong this lawsuit?

They could plead guilty and, I suppose, settle with the SEC. I don't know how much it would cost them, though.

[Globb0]

Do sec say what they really want out of it?

or is it just to sue someone's arses off?

Money money money

[electronicash]

Do sec say what they really want out of it?

or is it just to sue someone's arses off?

Money money money

they want control of xrp. if garlinghouse and his team get out of US i guess they will not be bound anymore of their laws. but this is just me assuming.

obviously they can only control what they could and right now its just the trading on US base exchanges.

[Globb0]

Do sec say what they really want out of it?

or is it just to sue someone's arses off?

Money money money

they want control of xrp. if garlinghouse and his team get out of US i guess they will not be bound anymore of their laws. but this is just me assuming.

obviously they can only control what they could and right now its just the trading on US base exchanges.

Oh so they could theoretically take it over some how?

Make it establishment?

[JeffBrad12]

#XRP dumping due to this reason.

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

It might not only become the reason but it looks like coinbase will be doing the same thing too soon. The next waves of dump will be happening. This is a long-term battle and i could expect the biggest crypto exchange site like coinbase and some US exchange sites like bittrex and polo were thinking the same thing too. It might possible there will be massive halt for trading XRP in various US based exchange sites.
The chart looks very parabolic at this moment.

[pixie85]

The bounce was good opportunity for people to exit because i do not think xrp is going to get out of this negativity any time soon so a dump was always expected after the bounce.

That whole month long pump of XRP was a bounce back because it's been in a downtrend for years.

If you held XRP since it was trading for 1USD or more and you did not sold when it went to 0.6 again you probably missed your last chance to get rid of this bag.

It really looked like a dying coin to me because it was high in 2017 but it barely moved up when bitcoin begun to recover in 2019. Even bitcoin breaking is ATH did not make XRP recover 50% of its bear market loss. This coin is going to need a miracle.

[shinratensei_]

they want control of xrp. if garlinghouse and his team get out of US i guess they will not be bound anymore of their laws. but this is just me assuming.

obviously they can only control what they could and right now its just the trading on US base exchanges.

It will not solve the problem. The court is the only party who can solve this problem if ripple will be winning the battle but when SEC will become a party who will be winning it and then end for ripple.
Did you watch kimdotcom's case?
wherever ripple moving its HQ and this company must have faced the legal action from SEC.

[takngantuk]

I knew the effects of the SEC suit were enormous. After Coinbase Rumors will remove XRP, and most recently Bitstamp started to put restrictions. after this I doubt that anyone will want to stick with XRP. the sell wave will not be contained, it will be a collapse for XRP.

[Iron Fist]

the sell wave will not be contained, it will be a collapse for XRP.

On the contrary. The sell wave is likely to continue as many investors will want to exit xrp. I wonder if this will be positive for a bitcoin bull run?

[Kupid002]

the sell wave will not be contained, it will be a collapse for XRP.

On the contrary. The sell wave is likely to continue as many investors will want to exit xrp. I wonder if this will be positive for a bitcoin bull run?

That's normal panic selling from those who buy XRP in high price but if you believe in long term plan of this coins then staying it in your wallet is the best for now ,and not to sell it to others  that also waiting to buy more XRP at  cheaper price for those weak hands.

But if you believe that the price will continue to drop then you can cutloss and rebuy back again in the price you think it will be filled. in that case you will have more XRP than what you have right now.