Good news for XRP

[aryana42]

This dosent seem like a good news for it. If it really is we should have seen major price movement, these little  coins

Didn't you see the XRP token market yesterday? I myself was surprised when I saw the XRP token price movement which had exceeded 50% of the previous price, this shows that the XRP token is still worthy of being in crypto and also worthy to be owned in the short term.

[akar87]

XRP wake up from die because looks good news and price raise up more than 50%, I think have an issues with developer community wanna buy back together ripple coin because they wanna make ripple pump again, but always be careful never take risk for buying on higher price and check how dump last month with ripple coin, do you wanna hold your assets again on ripple or not.

[Holla123]

"Here’s the note I sent to Ripple employees today regarding Ripple’s preliminary legal response to the SEC’s complaint."

https://ripple.com/insights/sec-update-preliminary-ripple-response/

It does not change a thing. Ripple is decentralised and a Trojan of a bankers. That the WSB push Ripple of all token makes you wonder, if their groups got already hijacked by the bankers. So many much better investments like Chainlink or Allianceblock.

[Bitstar_coin]

This is the reason why xrp is pumping,  whatever is the meaning of this news seem to be working well because the xrp price has increased really nice, this means the future is bright for xrp and its holders, I never knew xrp will recover so quickly.

[decodx]

SEC charges Ripple with selling $ 1.3 billion in unregistered securities.
Judge: Ripple, how do you plea?
Ripple: Not guilty!

Random dude on bitcointalk: We have good news for XRP! 

[facepalm emoji]

[Shallow]

The only thing that will count as good news for Ripple at this stage is either the SEC has dropped the charges or that Ripple has won the case between them and SEC, anything short than this, can't really in a bigger sense be seen as good news. The team of a project will always stand by the project to defend it to the best of their capacity and that is what I sense Ripple is doing while it is left for the body in charge of the case to pass their rulings, so till then investing in Ripple can be seen to be highly risky. Also, Ripple is already getting delisted from exchanges and no one actually knows how long this case will go on or what will become of Ripple at the end.

[sgenuine]

"Here’s the note I sent to Ripple employees today regarding Ripple’s preliminary legal response to the SEC’s complaint."

https://ripple.com/insights/sec-update-preliminary-ripple-response/

It seems to me too early to draw any conclusions. On February 22, 2021, only a preliminary hearing of the case filed by Ripple and its two executives at the SEC will take place. In whose favor it will be decided is unclear. It will be great if the parties manage to agree.
But while there is no official news, it's better not to reassure yourself.

[jack05]

"Here’s the note I sent to Ripple employees today regarding Ripple’s preliminary legal response to the SEC’s complaint."

https://ripple.com/insights/sec-update-preliminary-ripple-response/

It seems to me too early to draw any conclusions. On February 22, 2021, only a preliminary hearing of the case filed by Ripple and its two executives at the SEC will take place. In whose favor it will be decided is unclear. It will be great if the parties manage to agree.
But while there is no official news, it's better not to reassure yourself.

Until the court decides it, it will all be too early, and such news will appear all the time. Big bagholders will do their best to keep the XRP price at least at the current level. If this type of news did not appear, the price would definitely be dropping all the time until the judgment is passed. What will happen next, no one knows.

[vintages]

There is no Good news in it, isn't it?

XRP got delisted and their market value got affected a lot, people may dump their XRP in the near future as well so anyone HODLing XRP is at the risk of losing their capital value.

You can't be too sure.
I know of someone who poured in most of his investment in ripple recently as he believes it is part of the future coin.
There are times when coins experience their darkest part, that was the case of ripple then. Now look at it now.

[Silberman]

Pump and dump and pump and dump. And a lot of hopium for some. This is the whole history of XRP, from what I've seen during the years.
That's what also happened today. A pump has happened and from what I see the dump is in progress.

I'm not sure if this can be called trading or finding suckers / future bagholders. But maybe I am missing XRP "fundamentals"...

XRP is quickly turning from a project in which many simply do not believed in because of its centralized nature and affiliation with the banks to a coin that is very close to what we can call a scam, the sudden pump that we saw makes no sense taking into account the situation of XRP with the SEC, and those that believed this was the beginning of a rally have been caught in the pump and dump and now are going to have to hold their XRP and hope for the best or sell for a massive loss.

[JeffBrad12]

For now, I no longer hold the Ripple token, especially now that the token has dropped in price again after the price hike in the past two days, because I feel holding Ripple tokens is still very risky even though the price doesn't stay at the high price.

I have also sold my XRP since a long time ago. The pump was happening caused by there's a pump and dump group was pumping it. I can't deny the fact that if this is a garbage coin that is not worth buying.
The foundation has a lot of tokens. The tokens owned by the foundation are always dumped into the market. That can create fear anytime the all of people in the ripple market.

[1l1l11ll1l]

For now, I no longer hold the Ripple token, especially now that the token has dropped in price again after the price hike in the past two days, because I feel holding Ripple tokens is still very risky even though the price doesn't stay at the high price.

I have also sold my XRP since a long time ago. The pump was happening caused by there's a pump and dump group was pumping it. I can't deny the fact that if this is a garbage coin that is not worth buying.
The foundation has a lot of tokens. The tokens owned by the foundation are always dumped into the market. That can create fear anytime the all of people in the ripple market.

I think the manipulation that happened yesterday was really bad for Ripple's reputation. many beginners buy it at the price level $.5/.6 and feel that the price will continue to rise, but it turns out that it is only controlled by a certain group and the XRP dump hard after that

[tvplus006]

For now, I no longer hold the Ripple token, especially now that the token has dropped in price again after the price hike in the past two days, because I feel holding Ripple tokens is still very risky even though the price doesn't stay at the high price.

I have also sold my XRP since a long time ago. The pump was happening caused by there's a pump and dump group was pumping it. I can't deny the fact that if this is a garbage coin that is not worth buying.
The foundation has a lot of tokens. The tokens owned by the foundation are always dumped into the market. That can create fear anytime the all of people in the ripple market.

Obviously, the reason for the dump was that 1 billion XRP was unlocked yesterday. But I think that these coins were sold on the market at a time when the price did rise above 70 cents. The market is ready to absorb such a large number of coins and after consolidation, the price of XRP should return to the past high again.

[adzino]

So what's the good news over here? All I can see in that post is that they are providing their side of the story and trying to prove them innocent (using their words). This is going to last for months, I am pretty much sure. They are doing whatever they can to keep the prices up (so investors don't lose confidence. They are going to be fucked when all investor dumps their tokens). I bet next time the price falls, they are going to release another letter showing their "strategy" causing the price to pump again. And I guess this will keep on going.

If this is the reason why XRP is pumping then this is not going to end well for the price

Yup. FOMO. People are thinking Ripple will win the lawsuit causing the price to skyrocket.

[marilynmanson21]

so till then investing in Ripple can be seen to be highly risky. Also, Ripple is already getting delisted from exchanges and no one actually knows how long this case will go on or what will become of Ripple at the end.

There have been many Ripple issues since 2017, and at that time investing in Ripple was already risky, and now Ripple has a problem with the SEC, so are these issues still lacking to make us understand the risks of holding Ripple?
A coin that has many issues means that it has a lot of problems and risks. If there are still many coins that have no issues or even a few issues, why should we choose coins that have too many issues?

[Untomabur]

so till then investing in Ripple can be seen to be highly risky. Also, Ripple is already getting delisted from exchanges and no one actually knows how long this case will go on or what will become of Ripple at the end.

There have been many Ripple issues since 2017, and at that time investing in Ripple was already risky, and now Ripple has a problem with the SEC, so are these issues still lacking to make us understand the risks of holding Ripple?
A coin that has many issues means that it has a lot of problems and risks. If there are still many coins that have no issues or even a few issues, why should we choose coins that have too many issues?

There is some truth in what you are saying, it is clear that Ripple often has a problem,
and if we are determined to invest in ripple, of course the risk can be said to be high,
better if we really think before investing in ripple,
And I wonder what will happen to Ripple in the future

[lionheart78]

It is funny how they evade the suit case with this reasoning:

XRP is a virtual currency and thus, outside the SEC’s jurisdiction.

XRP being a virtual currency does not excuse it from SEC's jurisdiction if they use methods that involve SEC rules and regulations.  I think, them being(ripple) a company is enough to be under the SEC regulation and any action that they made should be under SEC rules.

[kawetsriyanto]

I think the manipulation that happened yesterday was really bad for Ripple's reputation.

What manipulation do you mean? Lawsuit case or pump-dump the price on the market?
The lawsuit case has made a bad reputation for Ripple but they still survive. Let's see what's the result, will determine the future of XRP.
Regarding the pump and FOMO, it shouldn't make a bad reputation for XRP. Most crypto coins also have the same issues, so why only XRP have a bad reputation. People don't really care about it as long as they can take profits.

[Sled]

Obviously, the reason for the dump was that 1 billion XRP was unlocked yesterday. But I think that these coins were sold on the market at a time when the price did rise above 70 cents. The market is ready to absorb such a large number of coins and after consolidation, the price of XRP should return to the past high again.

https://u.today/ripple-unlocks-almost-1-billion-xrp-sends-477-million-to-jed-mccaleb

It happens on the first day of this year 2021. That seems a big amount that literally will cause that dump of the market price. I don't know if they are just hopeless and desperate to do such a decision sending billion of XRP.

I saw that they are working with their SEC complaint which gives hope to their investors. They already have a few pumps by now but I really don't expect a higher price than to stick below $1.

[shoreno]

It is funny how they evade the suit case with this reasoning:

XRP is a virtual currency and thus, outside the SEC’s jurisdiction.

XRP being a virtual currency does not excuse it from SEC's jurisdiction if they use methods that involve SEC rules and regulations.  I think, them being(ripple) a company is enough to be under the SEC regulation and any action that they made should be under SEC rules.

they also said this

XRP Is Not an Investment Contract

Holding XRP does not mean a person receives a portion of Ripple’s revenue or profits.

they're trying to say that xrp is only a virtual currency that are used for paying and not for investing ? so that people dont expect anything on ripple because when people expect they also complain whenever they saw something wrong happening on the price of ripple and they think that ripple is at it again doing thier dirty works .