Any ideas on why XRPs price is fluctuating? - page 2.

marilynmanson21

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Quote from: DrBeer on December 23, 2020, 05:01:26 PM

https://www.sec.gov/news/press-release/2020-338

Ripple has very big, real problems looming on the horizon. The prospect of a positive decision, for Ripple, looks very ghostly. In the course of the investigation, with a high probability, other illegal events will emerge. All together creates a negative trend for the project

News about Ripple and SEC is a new spotlight for cryptocurrency enthusiasts, especially Ripple holders, if there is no way out of this there is a possibility that Ripple price will continue to fall, this is because there are many investors who are disappointed and prefer to invest in other coins

DrBeer

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https://www.sec.gov/news/press-release/2020-338

Ripple has very big, real problems looming on the horizon. The prospect of a positive decision, for Ripple, looks very ghostly. In the course of the investigation, with a high probability, other illegal events will emerge. All together creates a negative trend for the project

smyslov

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Quote from: Psynthax on December 23, 2020, 01:23:40 AM

getting sued by SEC its only normal if people want to cash out as much as possible and as fast as possible. If SEC turns out to be winning then there's big chance that the XRP you're holding worth as much as dust though that's only if the worst scenario happens.
Not even bag holders have the courage to buy right now until all settled.

Those who are holding XRP should watch the development of the issues XRP is in danger but I don't think they will be out of business they might have a heavy fine but I don't think SEC will force them to be out of business I'm pretty sure their lawyers are working now and we will soon have an announcement coming from XRP developers, they should do this asap.

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Quote from: tabas on December 23, 2020, 03:48:12 PM

Quote from: judeafante on December 22, 2020, 11:45:53 PM

Quote from: tabas on December 22, 2020, 04:57:51 PM

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They are down 9 cents and it will go down further we will see more of this news, they should address this issue ASAP or the losses will double, holders, will dump Ripple SEC is just too powerful to ignore, remember they are the ones who stopped Libra from progressing, thi scould be the end of Ripple I hope not.

It will take time for them to handle this lawsuit. This isn't just as much and want to remove it, it wouldn't be gone easy. It has to go through the process and they need to take care of it. I haven't seen any news lately on how they'll handle this issue. But the sudden dump of XRP's price is the collateral of this news and lawsuit that they're getting. It really can continue if no good actions from them will be shown and made and more delistings coming. SEC is SEC and it's really a powerful part of the government that can take down and implement rules.

wow, didnt expect the price decrease will be this fast. xrp holders are cashing out as the threat from SEC is real. if in case this will be delisted while the case is active, this will be doomed for quite a while. XRP team should be doing something to avoid this panic from their xrp holders. just like bitwise - https://www.coindesk.com/bitwise-liquidates-xrp-position-in-crypto-index-fund-following-sec-suit-against-ripple. they liquidated their xrp position and bought other assets instead. though it is only $9.3M worth of xrp but the impact to other institutions holding xrp may be alarming. who knows, not only them but others are secretly liquidating their xrp assets? this is a mess going on...

tabas

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Quote from: judeafante on December 22, 2020, 11:45:53 PM

Quote from: tabas on December 22, 2020, 04:57:51 PM

~

They are down 9 cents and it will go down further we will see more of this news, they should address this issue ASAP or the losses will double, holders, will dump Ripple SEC is just too powerful to ignore, remember they are the ones who stopped Libra from progressing, thi scould be the end of Ripple I hope not.

It will take time for them to handle this lawsuit. This isn't just as much and want to remove it, it wouldn't be gone easy. It has to go through the process and they need to take care of it. I haven't seen any news lately on how they'll handle this issue. But the sudden dump of XRP's price is the collateral of this news and lawsuit that they're getting. It really can continue if no good actions from them will be shown and made and more delistings coming. SEC is SEC and it's really a powerful part of the government that can take down and implement rules.

bryant.coleman

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XRP is one of the most volatile cryptocurrencies, if we take the top 20 or 25 coins. The main reason is that only a small fraction of the XRP circulating supply is in free-float. Most of the remainder is kept in cold storage by the promoters. So despite having the market cap of around $17 billion, the amount of coins that are available for trading is very low. And this causes an increase in volatility.

Psynthax

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getting sued by SEC its only normal if people want to cash out as much as possible and as fast as possible. If SEC turns out to be winning then there's big chance that the XRP you're holding worth as much as dust though that's only if the worst scenario happens.
Not even bag holders have the courage to buy right now until all settled.

TastyChillySauce00

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Quote from: darkphoenix2610 on December 23, 2020, 12:31:55 AM

Ripple (XRP) is facing a lawsuit case now, it was SEC unveils suit against them calling XRP a '$1.3B unregistered securities offering'. And this is a big impact on the running price of Ripple (XRP) now. So the crashing of Ripple (XRP) price is not about the movement of the market instead of the impact of their case facing right now.

Ripple will die soon. There's no reason for this garbage security coin to exist anymore. Jed has been going out with all of his money that got from the ripple buyers.
it's sad to see that there are so many people who were being trapped at the pump for the flare tokens and they are not even cut loss their investment.
They got rekt.

darkphoenix2610

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Ripple (XRP) is facing a lawsuit case now, it was SEC unveils suit against them calling XRP a '$1.3B unregistered securities offering'. And this is a big impact on the running price of Ripple (XRP) now. So the crashing of Ripple (XRP) price is not about the movement of the market instead of the impact of their case facing right now.

judeafante

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Quote from: tabas on December 22, 2020, 04:57:51 PM

This is what I think the reason of what it shows lately. XRP holders are selling due to the fear of this news.

Quote from: ?? on ??

It has dumped today and this is the reason why.

And if this continues and won't be solved, we see a not so good 2021 for it.

They are down 9 cents and it will go down further we will see more of this news, they should address this issue ASAP or the losses will double, holders, will dump Ripple SEC is just too powerful to ignore, remember they are the ones who stopped Libra from progressing, thi scould be the end of Ripple I hope not.

maximumcoin

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Quote from: Phantom Investor on December 22, 2020, 01:22:11 PM

Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.

Regards

With Ripple, there was a very bad news for them in yesterday when SEC unveils suit against Ripple, calling XRP a '$1.3B unregistered securities offering' and adding to take profit for Christmas and New Year of investors as you said. You can read this news here: https://cointelegraph.com/news/sec-unveils-1-3b-suit-against-ripple-over-xrp

shinratensei_

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Quote from: Ridwan Fauzi on December 22, 2020, 10:01:43 PM

I'm not sure this problem can be solved quickly and give a bad effect to ripple price in the short term, there will be many processes to face this problem, more than that the CEO of Ripple intends to move the company to another place. But let we see, the market always gives surprises moreover Ripple is a centralized coin where they can manipulate the price well.

This is will be the same as KIN. Ripple will need a lot of time and funds to be used to fight SEC. This is not an easy task. If ripple will be losing in the battle against SEC and then it will have no future.
The future of ripple will be determined by this case. If ripple could not win and then it's the end for ripple.

Ridwan Fauzi

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Some news about RIPPLE

1. https://www.investing.com/news/cryptocurrency-news/sec-unveils-suit-against-ripple-calling-xrp-a-13b-unregistered-securities-offering-2374158
2. https://www.investing.com/news/cryptocurrency-news/xrp-plunges-30-in-bearish-trade-2374114
3. https://insidebitcoins.com/news/ripple-gears-up-for-possible-sec-lawsuit-over-xrps-status
5. https://www.investing.com/news/economy/blockchain-firm-ripple-plans-to-fight-approaching-us-sec-lawsuit-2373566

I'm not sure this problem can be solved quickly and give a bad effect to ripple price in the short term, there will be many processes to face this problem, more than that the CEO of Ripple intends to move the company to another place. But let we see, the market always gives surprises moreover Ripple is a centralized coin where they can manipulate the price well.

takngantuk

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too many speculators, too greedy devs and whales just looking for profit. all of that is in the XRP market, so it's normal for the prices to fluctuate a lot. compared to other altcoins, maybe Only XRP always dump coins in the market when the price is going up.

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Quote from: Phantom Investor on December 22, 2020, 01:22:11 PM

Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.

Regards

It's not. People are starting to cashing out their money from ripple. They have no reason to hodl ripple anymore. The case with SEC has been decreasing the trust from the investors with ripple. it looks like this gonna be a disaster for ripple dude. I hope that people can realize about what kind of coin that they have been investing on it. This is a security coin. The time for the legal battle for ripple will come soon.

blue Snow

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Quote from: Phantom Investor on December 22, 2020, 01:22:11 PM

Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.

Regards

Maybe they want to cash out the ripple into the real cryptocurrency (Bitcoin). https://whale-alert.io/transaction/ripple/EF7F3468930B3E34E0ACAC7B005CD8DE6890A58E3D985C584B31C9C25FEF038C

Take a seat and fasten your seat belt in the coster

memed97

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Quote from: Phantom Investor on December 22, 2020, 01:22:11 PM

Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.

Regards

It could be because of both, because almost everyone will take a vacation at the end of the year to be able to welcome the new year at the tourist spot they want, so they need money directly to travel, and obviously some people will withdraw money from the trades they have undertaken all this time to enjoy with his family later.

uray

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Quote from: Phantom Investor on December 22, 2020, 01:22:11 PM

Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.

I was expecting a correction during the holidays but things are different this time around and XRP had a good rally and with bitcoin moving higher and showing no signs of slowing down we should expect the alts to go down as people will be booking their profits and investing back to bitcoin and it is prime to reach a much bigger valuation in the next one year.

CuriousGeorge

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Quote from: Phantom Investor on December 22, 2020, 01:22:11 PM

Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.

Regards

Ripple has faced a big problem with SEC and this will be a very big battle between ripple against the US SEC. That was also driving the price of ripple to go down so hard. Even bitcoin and ethereum have recoevered from its dump and ripple was still facing another bearish trend. This could be a big dump for ripple that will drive everyone to cash our their money from ripple

monineklutak

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Quote from: Phantom Investor on December 22, 2020, 01:22:11 PM

Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.

Regards

when the bulls arrive then the FUD will come, and it happens in XRP,
Ripple reported the CEO of SBI that they are not a security, and have a problem with the SEC, and this news XRP price is very volatile.
now XRP dumps more than 10%, but this is part of the strategy, I believe there will be accumulation in this level.

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