Binance.US is going to suspend XRP trading and deposit

laredo7mm

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Quote from: Em00n01 on December 30, 2020, 04:14:59 PM

Binance US going to suspend XRP trading and deposit from january 13!

https://support.binance.us/hc/en-us/articles/1500000956801

Bittrex and some other exchanges also announce the delisting of XRP. XRP is getting a very hard time and a lot of bad news in a short term for XRP holders. But I wonder it still holds its price in a stable position. I was expecting it to go further down with all that bad news coming towards it. So what's next for SEC is that USDT or any other privacy coin like monero!

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Quote from: shinratensei_ on January 07, 2021, 09:18:16 PM

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Such events that are now happening with Ripple and show the degree of influence of the coin on the industry. In 2018, the SEC also wanted to recognize ETH as a security and did not recognize it, but this did not affect the currency as a whole. Then it fell along with the entire market equally, or with a slight advance.

It's different with ETH, SEC has all of the proof and that's why SEC was taking ripple to the court. SEC didn't take ethereum to the court consider they have no enough evidence to prove that if ethereum was a security token. You must understand dude if it's not all of the things will be having the same result. it's not the same case.

I think the same cases just how the owner playing for ripple price, check now almost raise half of ripple price before and waiting few days later maybe ripple could reach at the same price before investigating by SEC, I think is true never have any SEC cases just way how owner ripple can get coins with lower price and ask helping from SEC commission to make many investor panic, now they have enjoy your panic selling how ever when ripple touch above $0.21 thy have buy more and now enjoy with ripple price above $0.35 and waiting next week give new update and make ripple back again to higher price.

shinratensei_

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Quote from: ?? on ??

Such events that are now happening with Ripple and show the degree of influence of the coin on the industry. In 2018, the SEC also wanted to recognize ETH as a security and did not recognize it, but this did not affect the currency as a whole. Then it fell along with the entire market equally, or with a slight advance.

It's different with ETH, SEC has all of the proof and that's why SEC was taking ripple to the court. SEC didn't take ethereum to the court consider they have no enough evidence to prove that if ethereum was a security token. You must understand dude if it's not all of the things will be having the same result. it's not the same case.

Fredomago

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Quote from: cryptolord2077 on January 04, 2021, 07:21:35 PM

Quote from: nykka on January 04, 2021, 07:00:45 PM

XRP is in a bad situation for now. It always was a quite strange cryptocurrency, because there were some undefined sides regarding decentralization and token economy policy. Sooner or earlier it could lead to the problems and unfortunately for XRP holders it happened. I don`t know what to say, because I always avoid investing in such unclear coins

The funny thing is that many large investors are gaining very large positions on Ripple.
The risk is high, but imagine how much money you can take after the problems are resolved and the price of the token begins to catch up with the rest of the market. Rocket.

Those who are willing to take the risk can possibly gain very decent from this situation, like what we are seeing right now. XRP are gaining some value moving up almost 50% from the last time dumped.

Thre are people/investors who managed to catch up and now enjoying that amount of profits, you just need to take your step a little forward
and believe that something gonna happened along the way.

Still far from the last time high and also far from resolving the issue it's risky but if you
have that spare money and you are willing just keep your guard and monitor everything.

Twinkledoe

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Quote from: Silberman on January 07, 2021, 02:56:52 PM

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Quote from: lionheart78 on December 30, 2020, 04:22:44 PM

As expected, US base exchanges will start delisting XRP to avoid any conflict with the US SEC. So it isn't a surprise to see Binance US delisting XRP. I wonder how will the XRP market react to this. Will this one drive the price of XRP even lower?

A lot of bad news is constantly coming to the XRP project, I think investors are leaving this project.
Only a few loyal investors remain with the project, but with the situation worsening, they do not know when they will leave.

If I am completely honest I do not know what they are waiting to get rid of their coins, I could understand this if we were talking about bitcoin as it has been demonstrated over and over again that bitcoin will always recover no matter how big is the crash, but this is not true for XRP, in fact it has not recovered at all from the 2017 crash and now it is suffering a new one, if anything there is the possibility that XRP disappears during the next years taking with it anyone that is still loyal to the coin despite what it is happening.

Maybe these holders are still believing the XRP team because they are continuously forging partnerships. But when Bittrex announced that they will delist XRP, I knew Binance.US will be next. Seems that the XRP market is bouncing back but for those holders they need to closely monitor as it may go down again.No one knows what XRP team is doing right now to resolve their case.

zasad@

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I read the news on the Russian Binance exchange, and did not find any news about the Ripple delisting.
Ripple is not going to delimit Asian exchanges either.
Therefore, the opinions of traders are divided: some say that this is the last rise before the fall, others believe that in a month the price of the coin will approach 1 dollar.

Silberman

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Quote from: lionheart78 on December 30, 2020, 04:22:44 PM

As expected, US base exchanges will start delisting XRP to avoid any conflict with the US SEC. So it isn't a surprise to see Binance US delisting XRP. I wonder how will the XRP market react to this. Will this one drive the price of XRP even lower?

A lot of bad news is constantly coming to the XRP project, I think investors are leaving this project.
Only a few loyal investors remain with the project, but with the situation worsening, they do not know when they will leave.

If I am completely honest I do not know what they are waiting to get rid of their coins, I could understand this if we were talking about bitcoin as it has been demonstrated over and over again that bitcoin will always recover no matter how big is the crash, but this is not true for XRP, in fact it has not recovered at all from the 2017 crash and now it is suffering a new one, if anything there is the possibility that XRP disappears during the next years taking with it anyone that is still loyal to the coin despite what it is happening.

cryptolord2077

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Quote from: nykka on January 04, 2021, 07:00:45 PM

XRP is in a bad situation for now. It always was a quite strange cryptocurrency, because there were some undefined sides regarding decentralization and token economy policy. Sooner or earlier it could lead to the problems and unfortunately for XRP holders it happened. I don`t know what to say, because I always avoid investing in such unclear coins

The funny thing is that many large investors are gaining very large positions on Ripple.
The risk is high, but imagine how much money you can take after the problems are resolved and the price of the token begins to catch up with the rest of the market. Rocket.

nykka

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XRP is in a bad situation for now. It always was a quite strange cryptocurrency, because there were some undefined sides regarding decentralization and token economy policy. Sooner or earlier it could lead to the problems and unfortunately for XRP holders it happened. I don`t know what to say, because I always avoid investing in such unclear coins

tyz

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Quote from: lionheart78 on December 30, 2020, 04:22:44 PM

As expected, US base exchanges will start delisting XRP to avoid any conflict with the US SEC. So it isn't a surprise to see Binance US delisting XRP. I wonder how will the XRP market react to this. Will this one drive the price of XRP even lower?

A lot of bad news is constantly coming to the XRP project, I think investors are leaving this project.
Only a few loyal investors remain with the project, but with the situation worsening, they do not know when they will leave.

A typical pattern can be seen again, as in similar cases in the past: First there is a massive sell-off. If sell-off persists, more and more investors leave the boat, especially if Bitcoin or other altcoins are performing well at the same time and they going to invest there. That increases the drop in prices. After a few months, when the situation has calmed down, the investors come back because they have made good profits with other investments and now see a good chance again in the massively fallen coin. It will be the same with XRP.

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After last few days bad news from Ripple and delisting this coin from coinbase, binance us now still have any update news this will delist or not. But still not good news from ripple how to protect their coin keep existing on many exchange market as trading way because ripple become most popular coin and adopted by many bank so far, waiting when ripple back to higher and keep waiting when good news from ripple coin because I think this Ripple is the best coin so far.

Silberman

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Quote from: Em00n01 on December 30, 2020, 04:14:59 PM

Binance US going to suspend XRP trading and deposit from january 13!

https://support.binance.us/hc/en-us/articles/1500000956801

We knew this was coming, you do not mess with the SEC and you want to stay away as much as possible from anything that is being investigated by them, to me this could be the end of XRP as we know it, even if the coin survives XRP has been always for the most part positioned at the top 5 in terms of market cap, and this could be such a blow that will get it out of that position and never recover, so if anyone is still invested in the coin maybe it is time to finally give up on it.

fullhdpixel

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Quote from: Btra on January 03, 2021, 10:43:39 AM

The reason for the suspension of the Ripple from the Binance.US may be the Ripple is banned by the US Govt. because of the heavy dependencies of the private financial company and more money laundering activities. But, most of the countries' Govt. already applied the Ripple transactions in many banking and financial system for fast transactions. So, this news of the Ripple suspension from trading and deposit do not impact more globally.

Globally doesn't really matter because XRP is a company headed in USA and does most of its work in USA as well, plus the company and the coin doesn't really have a direct connection, when Ripple deals with a bank and moves its money around, do you get a cut from the profit as a coin holder? Like a shareholder?

You do not, which means while Ripple was making tens of millions of dollars in profit and buying other companies as well, you were getting the short end of the stick as a XRP holder, they only used XRP whenever they wanted to print more and sell more of it. This is exactly the reason why it shouldn't matter, Ripple company had some good things they didn't share with XRP people, so when Ripple had bad days, XRP shouldn't share that with them neither. However this is USA related so binance."us" will obviously delist it, it just makes sense.

plr

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This time is very critical for xrp, i think all are exchange site receive smell of scam from this centralized coin also reason of lost trust over xrp.

There's a possibility that we are not going to see Ripple in the market anymore, I don't know it's fate this 2021 if they can resolve this issue or they will go down, of course they will take this fight to the court but SEC is serious on their allegation and they know how to take you down with their suits, good luck to Ripple holders they should decide now if they want to dump.

tyz

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I think more exchanges are starting to remove XRP due to cases from the SEC, and I heard that all cryptocurrencies that have a security platform will be removed from the list of major exchanges, so for those who have balances in altcoins like that I hope not to late securing his assets.

All American exchanges will definitely do this. The regulated exchanges anyway. And the international unregulated are currently still holding back, but they will not want to take the risk of getting into the focus of the SEC just because they are holding on to a single coin. XRP has become a problem for many exchanges.

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The reason for the suspension of the Ripple from the Binance.US may be the Ripple is banned by the US Govt. because of the heavy dependencies of the private financial company and more money laundering activities. But, most of the countries' Govt. already applied the Ripple transactions in many banking and financial system for fast transactions. So, this news of the Ripple suspension from trading and deposit do not impact more globally.

zidanw

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This is pretty bad news to all the XRP holders as it can surely affect the position of XRP from it's market capital, price and daily trading. I wonder if XRP team has their own counter measure to this kind of issue that they are facing right now as it will surely endanger the future of XRP if they cannot do something to it.

I am sure Binance US is only doing what they think is better to them and for them to avoid any conflict or issue that they are going to face to US SEC so I cannot blame their decision.

Vishnu.Reang

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US based exchanges don't have any other option, but to delist XRP. Anyway, it is not going to have much of an impact. Although XRP was the third largest cryptocurrency in terms of market capitalization, its trade volume was not even in the top-10. Also, the XRP user base numbered much less than that of the other coins, such as Litecoin, Ethereum Classic and Bitcoin Cash.

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Quote from: Banulit on January 03, 2021, 06:47:42 AM

I am not suprised that xrp will be most likely to be suspended in several US base major such as Binance US because of the fact that the US SEC is having its lawsuit against xrp but it doesnt mean that these exchanges will delist ripple in their market because I think that they still believe that xrp has a very high possibility to win the case.

This might just be end of the XRP coin probably as value will continue to fall as its started to get delisted from exchanges. This is going to hurt to all the XRP holders who had continue holding this coin unless sold in between when it was about 0.5$+ and also participated in Airdrop would be the lucky ones.

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With all the news surrounding XRP, I really doubt that it can come back easily. It really sounds serious that the SEC is trying to stomp their feet down with XRP with their allegations. Something of the legal action would really alert people. I know the gist of it, but I remember reading an article that Ripple's executives raised funds with it, and it wasn't registered to the SEC, resulting in what we see now.

Maybe this could be an opportunity for other people to buy XRP at a meager price.

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