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

[goaldigger]

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?

It can be positive somehow since some hodlers will convert their XRP to BTC for sure but its hard to count the numbers honestly. However, this news and this case against XRP will affect the cryptomarket as a whole, and many will have doubts before trusting Cryptocurrency again. XRP was able to pump a little, but I guess the real bottom for XRP will happen once the case push through.

[kpierce77]

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.

XRP right now might be said to be in a pretty big problem, but that's only because they have HQ in the US right? and I think there is still some way XRP can go in this regard. but I'm also not really sure if that method will be easy, ofcourse it's normal where big exchanges start delisting, surely people will quickly sell them

[oHnK]

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?

However, this news and this case against XRP will affect the cryptomarket as a whole, and many will have doubts before trusting Cryptocurrency again.

This issue will be a consideration for many investors to believe in other cryptos, and XRP has a very big problem right now. When other exchangers follow Bitstamp's steps it will be a bloody day for XRP. Other crypto developers may have a lot to learn from this issue. Otherwise, it will be very difficult to restore investor confidence in other cryptos. Whether this problem has any good impact on Bitcoin, I don't think so. Even if investors in XRP move to BTC the percentage will be much lower than other interesting issues in BTC itself.

[trauchot]

Perhaps it is, but most likely still many XRP holders are selling their XRP and here of course we can understand why they do it, because it is not known how the whole situation with the SEC will be resolved and therefore now we can only guess what will happen next with XRP, but let's hope that everything will be fine with XRP.

[Nhor1011]

After a huge dump, can XRP rise up again? If yes, then it's a good time to buy when it falls hard. I still believe in XRP and what will the the problem now, it will end soon. So, much better to take advantage of the opportunity to buy xrp at low prices.

[Jating]

After a huge dump, can XRP rise up again? If yes, then it's a good time to buy when it falls hard. I still believe in XRP and what will the the problem now, it will end soon. So, much better to take advantage of the opportunity to buy xrp at low prices.

Of course, as we have seen, it dramatically rose above .30$ again after a hard fall. But there is a big risk here because of the negative news. Yes, take advantage of the opportunity to buy XRP at low price, but think of getting profits as soon as you can because the market conditions are not that stable.

Occasional pump and dump, so if you know what to do with this volatility then by all means take profits. But I would suggest not to hold for long until the dust settles.

[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.

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?

I still have no answer for that. I don't also have an idea to think of if they can expedite the process. I'm only relying to the news that the medias are coming out and that's why it's hard to put up a take on this. But if there's a possible way, only the SEC can give answer on it.

They can release a statement that everything is going fine and in the right due process. But if there's no other statements being released about the expedite, the Ripple management can't do anything with that. I also don't have idea how processes works in the US. That is why, we can only speculate and have a thought if there's a possibility and wait until news comes out about that idea.

[Shasha80]

I suggest that if we still HODL XRP immediately sell it, because after knowing that it turns out that Bitstamp will do halt XRP trading and deposits.
This made me even more confident that XRP's future would be destroyed, especially if XRP lost in court. Just now the XRP price in the market
continues to fall. I do not recommend investing in coins that are in trouble like XRP, it is very risky for now if holding XRP.

[TimeTeller]

I suggest that if we still HODL XRP immediately sell it, because after knowing that it turns out that Bitstamp will do halt XRP trading and deposits.
This made me even more confident that XRP's future would be destroyed, especially if XRP lost in court. Just now the XRP price in the market
continues to fall. I do not recommend investing in coins that are in trouble like XRP, it is very risky for now if holding XRP.

If the situation will not be handled by the XRP team, this will go in downward motion so fast.
We don't know what they are doing now, to prevent more chaos to their market.
I saw the other day that it went back to about $0.37 and thought that maybe something was happening behind the doors.
But it goes down again and we are now below 30cents. If we will hear more bad news from exchanges, expect that the value will go down.
Better cash out if you are still on the positive end as the lawsuit has no timeframe. You don't know when will this end.

[Nazmul012]

xrp already proved that its totally a shitcoin, no value or having no profit for hodling it.and after the annonucment of coinbase & bitstamp, xrp has proved so once again.the movement of xrp, was quite good.it was following bitcoin, hit around 65cent and made its investor happy.but finally it dumped incredibly that makes it into shitcoin.this is begging, dump may go deep and that's why people selling their coin

[mirakal]

lol, XRP now down again, yesterday it was pumping like crazy but anyone who are aware of the news and it's possible effect on its future already understands that any pump is just a bull trap, so I think the pump is over and XRP will slowly go down as people are slowly unloading their investment to look for other investment opportunities. They say, don't mess with the SEC and here it is now, we are witnessing what they can do.

[chanler]

The issue of delisting XRP on some exchanges may be the big reason for the more dump in XRP price. But as an XRP holder, I am still optimistic to hold than selling suddenly at a too cheap price. I prefer to hold until no hope than selling right now. I am not a typical person who is afraid of the losses. And I am aware of the risk and the potential of my crypto assets.

[JahriMeayer]

The game is almost over for xrp.although xrp team tried to pump their coin the day before yesterday but they failed.even whoever know the news of delisting, won't going to hold or buy back the xrp anymore.rather people still selling their xrp for reduce losses and that's why we may see the another dip drop for xrp.although some holders still hold their xrp for bull run but don't think, that possible within Q1 of next year

[tvplus006]

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.

These problems may end when Ripple moves its office to a more friendly country for the company. Chris Larsen has repeatedly spoken about this development, but ultimately much will depend on interaction with the Biden administration, which will have to rake in the legacy of outgoing SEC Chairman Jay Clayton.

[scottsanderman12]

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.

These problems may end when Ripple moves its office to a more friendly country for the company. Chris Larsen has repeatedly spoken about this development, but ultimately much will depend on interaction with the Biden administration, which will have to rake in the legacy of outgoing SEC Chairman Jay Clayton.

Your comment make sense.
I totally agree with you.

[dimonstration]

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.

Ripple team should plan ahead or earlier, it's not new that some altcoins even exchange were questioned by Sec in US. Other projects moved in different countries or countries that are not strict in crypto operation to operate their businesss, it may limit the use of US Citizen but they will have more room to do business and make plans to attract more countries if they will be staying in a country we're crypto is not much a problem as long as they are registered.

[South Park]

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.

I do not know if a dump like that will happen but I think there is the possibility for a dump that takes XRP back to the 0.1 dollar territory, and at that point some daring investors may try their luck, however I think that finally many of us are being vindicated, for years members of the forum have warned against XRP and its centralized nature and a great deal of people made fun of us and now we are seeing that we were right all along and unfortunately this means massive losses for those that are still holding the XRP coin.

[mirakal]

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.

I do not know if a dump like that will happen but I think there is the possibility for a dump that takes XRP back to the 0.1 dollar territory, and at that point some daring investors may try their luck, however I think that finally many of us are being vindicated, for years members of the forum have warned against XRP and its centralized nature and a great deal of people made fun of us and now we are seeing that we were right all along and unfortunately this means massive losses for those that are still holding the XRP coin.

Until they solve their problem, I don't think trusting XRP is a good idea.
They are now left behind, today ETH is pumping and most probably some altcoins will follow, but not the XRP as people already have doubts on the project.

We've seen it pumped, but I believe it was a manipulated pumped, and soon enough, the price will start to dump again.

[kapalmabur]

I believe Bitstamp issued this statement only temporarily,
because Ripple is not necessarily at fault in the SEC's decision, the hard dump occurs because Fud is too strong,
this is the rule in cryptocurrency, if Fud happens then dump occurs, if hype occurs fomo and pump occurs.

[bitcon]

Most likely, we simply do not know many details why the SEC pressed Ripple so sharply. In the near future this coin will have very difficult times, courts, and as we have seen more than once, the chances of winning are greater for the SEC than for the cryptocurrency project. It's time for Ripple to start negotiating.