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

[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.

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.

Moving onto another country wouldn't be a good idea. Just you look that the charges were directly into two people and if they try to flee instead of facing the lawsuit, they could get into a deeper trouble. I mean a bigger problem that they should regret doing.

They couldn't just grow their business if there's a pending case and they've chose to move into another country instead of solving it. That's not a good option for them if they are ever going to that by chance.

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[DIA7]

Looks like not only Bitstamp is halting the trade on XRP Coinbase has also just announced on Twitter that they will be suspending XRP trade on 19 of January so it's going to be a bad news for the holders and this will spark more dumping on XRP that will lead to a dip in their prices and maybe the rise of other cryptos like Bitcoin Ethereum and Litecoin.

[Justin999]

Xrp wenr below so fast and xrp team was unable to do anything when xrp is a centralized platform. Although xrp start raising but I think hold xrp may more risky, should sell it cause dump is just a start only.can't imagine what will happened on up next but we may the witness of all time low, of xrp.so can't recommend xrp even whoever thinking to buy the xrp with cheap for long hold cause it may wrong step

[Houdini76]

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

They have not declared it as a security. They are alleging its a security, of which Ripple says is wrong and will prove it in court. Every other country in the world recognises XRP as a currency.

[kawetsriyanto]

Recently, XRP has been looking like tough days as more and more exchanges are delisting XRP due to these issues. Yup, whether this is only temporary or forever. But what is certain is that this condition will certainly not be good. In addition, the price is getting worse. But here it is different, many XRP holders still hold fast and believe that XRP can get through this, both with the developer or not. what about the XRP community itself?

[Roidz]

Recently, XRP has been looking like tough days as more and more exchanges are delisting XRP due to these issues. Yup, whether this is only temporary or forever. But what is certain is that this condition will certainly not be good. In addition, the price is getting worse. But here it is different, many XRP holders still hold fast and believe that XRP can get through this, both with the developer or not. what about the XRP community itself?

the main reason for the decline in current XRP prices is serious demands from the SEC and of course this has put XRP holders in a very big shock and we can see how now the trading market is starting to take steps to stop even removing XRP from their list of coins and coinbase looks like it will being a trading market doing that on January 15th they're going to wipe out XRP completely and I think XRP will sink in and just become history.

[seleme]

The last bounce was a good opportunity to exit from the long position, some traders were able to get our before it explodes. Maybe in a few months, the SEC and Ripple team will make a balanced agreement and the court rumors will fly away. From the trading perspective, that time will be the next opportunity for making 2 steps forward and 1 step back. The XRP case will be the main barrier to the uptrend but the XRP traders will handle it if they can see a recovery signal on charts of XRP pairs.

[South Park]

Looks like not only Bitstamp is halting the trade on XRP Coinbase has also just announced on Twitter that they will be suspending XRP trade on 19 of January so it's going to be a bad news for the holders and this will spark more dumping on XRP that will lead to a dip in their prices and maybe the rise of other cryptos like Bitcoin Ethereum and Litecoin.

We knew this was coming, it was impossible that after the SEC made this announcement that people and now exchanges would not take actions against XRP, and this only shows once again the problem with any centralized form of money, you need to trust that whoever has the power over that form of money does not cheat you and with so much money at stake it is simply impossible to expect that the people in those positions do not abuse their power for their own benefit, which shows once again the superiority of bitcoin over forms of money which are centralized.

[tippytoes]

Recently, XRP has been looking like tough days as more and more exchanges are delisting XRP due to these issues. Yup, whether this is only temporary or forever. But what is certain is that this condition will certainly not be good. In addition, the price is getting worse. But here it is different, many XRP holders still hold fast and believe that XRP can get through this, both with the developer or not. what about the XRP community itself?

And the problem here is that XRP followers have no idea what the XRP team is doing right now to rectify this terrible mess they are in. Got a link from their twitter about their official statement regarding this situation. However, they said that they will be addressing this issue in few weeks. Let's see.

https://ripple.com/insights/our-statement-to-recent-market-participant-activity/

[asyakashi]

This is terrible because XRP makes the perfect trick. several banks have collaborated with xrp and it is proven that they have fooled the world bankers.

[pandanaran]

Xrp was devastated, in this case I don't think Xrp has much of a chance while we see there are lots of rumors about SEC and XRp issues. after the bistamp then Okcoin, Coinbase and some other exchanges may suspend Xrp soon.

[South Park]

Xrp was devastated, in this case I don't think Xrp has much of a chance while we see there are lots of rumors about SEC and XRp issues. after the bistamp then Okcoin, Coinbase and some other exchanges may suspend Xrp soon.

I think several exchanges already suspended or are on their way to suspend the ability to trade XRP in their platforms, exchanges are like any other business and they do not want to get in trouble with the SEC either and they are getting rid of XRP, in a way I am sorry for XRP holders but we have been telling them for years they were taking a massive risk and now they are facing the consequences, so while hey have the right to be mad about what XRP has being doing behind their backs they have no one to blame but themselves for their lack of foresight.

[suzanne5223]

Xrp was devastated, in this case I don't think Xrp has much of a chance while we see there are lots of rumors about SEC and XRp issues. after the bistamp then Okcoin, Coinbase and some other exchanges may suspend Xrp soon.

I think several exchanges already suspended or are on their way to suspend the ability to trade XRP in their platforms, exchanges are like any other business and they do not want to get in trouble with the SEC either and they are getting rid of XRP, in a way I am sorry for XRP holders but we have been telling them for years they were taking a massive risk and now they are facing the consequences, so while hey have the right to be mad about what XRP has being doing behind their backs they have no one to blame but themselves for their lack of foresight.

Alot of exchange site have already suspended XRP trading on there platform but it not because they dont want to get into trouble with the SEC cause they are actually preventing themselves from lost since the future of XRP is not certain. However, it only the CEX exchange that will be scared not to get into trouble with the SEC.

[Fredomago]

Xrp was devastated, in this case I don't think Xrp has much of a chance while we see there are lots of rumors about SEC and XRp issues. after the bistamp then Okcoin, Coinbase and some other exchanges may suspend Xrp soon.

I think several exchanges already suspended or are on their way to suspend the ability to trade XRP in their platforms, exchanges are like any other business and they do not want to get in trouble with the SEC either and they are getting rid of XRP, in a way I am sorry for XRP holders but we have been telling them for years they were taking a massive risk and now they are facing the consequences, so while hey have the right to be mad about what XRP has being doing behind their backs they have no one to blame but themselves for their lack of foresight.

With such actions, those exchange are not willing to take the risk, they'll suspend the activity of this coin inside their service as they don't want to have any problem with SEC.

This massive dump will continue, without any action coming from the team. This problem will be a long term concern, investors are also
frustrated with hw things works for now.

The value after the pump since the airdrop are now went back and still holding to it's current
value and it's a risk if you'll going to take your entry.

[aioc]

Xrp was devastated, in this case I don't think Xrp has much of a chance while we see there are lots of rumors about SEC and XRp issues. after the bistamp then Okcoin, Coinbase and some other exchanges may suspend Xrp soon.

Litecoin now is occupying the spot where they are holding for a long period of time, Ripple is still holding on we'll know in a couple months if investors decide to hang on and continue to support Ripple, but if Ripple happens to fall in the top 10 then we can conclude that it's losing support from majority of investors and Ripple could be out of the business this year.

[cryptolord2077]

Reasons?

Are you seriously?

Every day some platform delists Ripple, it is obvious that the "waves" of dumps will not stop as long as news of this kind is released.
And the larger the exchange, the stronger the effect. Even if in some cases this only applies to users from the United States.

[South Park]

Xrp was devastated, in this case I don't think Xrp has much of a chance while we see there are lots of rumors about SEC and XRp issues. after the bistamp then Okcoin, Coinbase and some other exchanges may suspend Xrp soon.

Litecoin now is occupying the spot where they are holding for a long period of time, Ripple is still holding on we'll know in a couple months if investors decide to hang on and continue to support Ripple, but if Ripple happens to fall in the top 10 then we can conclude that it's losing support from majority of investors and Ripple could be out of the business this year.

We have known for a long time that the whales in ripple are quite big, so even if they want to get out the question is if they can do it at all? If they tried to sell even a portion of their coins with the lack of demand and the fact that exchanges are suspending the trading of XRP everywhere this means they could crash the price of the coin, a crash that if it were to happen could spell the end of XRP as no one will trust in that coin ever again after such a massive crash.

[Globb0]

So what do they have to do?

Just stand there and play like the band on the Titanic while all the rats scurry away.


It seems lose lose for them.

[judeafante]

So what do they have to do?

Just stand there and play like the band on the Titanic while all the rats scurry away.


It seems lose lose for them.

It seems that is what's happening, they are trying to fight it out in the court but it's going to be a very long battle ahead if they believe that they have a chance in the court, then why not do buy support, investors are watching on every move coming from SEC and Ripple and every news will have an impact on the price and the standing of Ripple in the market.

[Iron Fist]

Honestly, I was surprised to see that the xrp price has rebounded so much. We'll see what happens after all that fiasco with the SEC indictment.