U.S. Stock Exchange and Ripple Legal War Continues: XRP Price Falls

Slow death

legendary

Activity: 2968

Merit: 1095

Leading Crypto Sports Betting & Casino Platform

Quote from: Yogee on August 19, 2021, 01:27:49 PM

Quote from: Alikhaki123 on August 19, 2021, 11:26:59 AM

As August 31 approached and the investigation phase ended during the U.S. Stock Exchange Commission's lawsuit against Ripple, XRP prices dropped.

Price has actually gone up leading to the deadline date. The drop you're seeing is probably a result of a normal correction. I think the reason the XRP army seems positive with this news is the presumption that the SEC doesn't have enough evidence against Ripple so they want to dig more.

i didn't see a big price increase actually in my opinion what happened was something that is following the market as all altcoins had increased against bitcoin when the price of bitcoin hit $47000. but after the bitcoin price dropped a lot because it couldn't break the resistance that is at $48000 and it dropped to $44000 all altcoins dropped a lot too. XRP didn't escape the fall either

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

All these issues with SEC I wonder when it will end, thought the whole issue has been resolved as much have not been heard for a long time now, however it shows that Ripple is growing a tough skin towards this case. What I know is that, the Ripple ecosystem has grown too big for it to crumble totally, the price might continue to suffer as a result of these news or case, but it will still retain its stand. Also, from the reaction of their community so far, it is clear that they have a strong one that backs the platform, as this is seen recently where the price increased that is, following up with the growing market.
Lastly, until the news of this case becomes rampant again like it was before, I would most like take the price fall as market correction. Nevertheless, it is also very important to follow up with the market in order to know how traders and holders sentiment will play out and its effect on the XRP price.

ninkdwi

member

Activity: 364

Merit: 14

Quote from: Yogee on August 19, 2021, 01:27:49 PM

Quote from: Alikhaki123 on August 19, 2021, 11:26:59 AM

As August 31 approached and the investigation phase ended during the U.S. Stock Exchange Commission's lawsuit against Ripple, XRP prices dropped.

Price has actually gone up leading to the deadline date. The drop you're seeing is probably a result of a normal correction. I think the reason the XRP army seems positive with this news is the presumption that the SEC doesn't have enough evidence against Ripple so they want to dig more.

Yes, considering that this is a correction, it is very reasonable because a few days ago XRP has increased very drastically and it's not impossible after this correction is complete, XRP will start their bullish trend again in a bigger direction because considering that there are quite a lot of enthusiasts for this coin now, especially with the case nearing the end and when I saw the article that op included I was very confident that ripple would win the trial again this time considering the evidence presented by the SEC was not very sufficient

Yogee

sr. member

Activity: 1526

Merit: 412

Quote from: Alikhaki123 on August 19, 2021, 11:26:59 AM

As August 31 approached and the investigation phase ended during the U.S. Stock Exchange Commission's lawsuit against Ripple, XRP prices dropped.

Price has actually gone up leading to the deadline date. The drop you're seeing is probably a result of a normal correction. I think the reason the XRP army seems positive with this news is the presumption that the SEC doesn't have enough evidence against Ripple so they want to dig more.

agg2702

member

Activity: 327

Merit: 12

cases that are getting more and more confusing and still have not got a bright spot until now.
but it looks like this will soon be over sooner or later if you look at ripple it seems that it is ready with the demands made by the SEC besides that if we look at the article it is the same as making new ammunition in the middle of a war that is happening.
but if this is finished I think xrp will restart its green trend because we know that even if xrp is in an unresolved problem, the adopters of this coin can't be taken lightly

Kunotcoin

jr. member

Activity: 109

Merit: 1

Quote from: Alikhaki123 on August 19, 2021, 11:37:40 AM

This is real news
https://cryptoslate.com/ripple-xrp-hits-back-as-sec-case-turns-intrusive/

I see the drama still continue and it might be resulting in XRP dumping again, Anyway thanks for the information.

Alikhaki123

newbie

Activity: 14

Merit: 4

This is real news
https://cryptoslate.com/ripple-xrp-hits-back-as-sec-case-turns-intrusive/

Kunotcoin

jr. member

Activity: 109

Merit: 1

Quote from: Alikhaki123 on August 19, 2021, 11:26:59 AM

As August 31 approached and the investigation phase ended during the U.S. Stock Exchange Commission's lawsuit against Ripple, XRP prices dropped. Meanwhile, Ripple has opposed the Stock Exchange Commission's request for greater access to messages from Ripple employees in Slack. The U.S. Securities Commission (SEC) has sued Rapille as an "unregistered securities" and it is unclear how long this legal battle will last.

What? I thought this problem has already been settled, can you give me a reliable link regarding this so-called investigation again? is it for real or another FUD?.

Alikhaki123

newbie

Activity: 14

Merit: 4

As August 31 approached and the investigation phase ended during the U.S. Stock Exchange Commission's lawsuit against Ripple, XRP prices dropped. Meanwhile, Ripple has opposed the Stock Exchange Commission's request for greater access to messages from Ripple employees in Slack. The U.S. Securities Commission (SEC) has sued Rapille as an "unregistered securities" and it is unclear how long this legal battle will last.

Topic: U.S. Stock Exchange and Ripple Legal War Continues: XRP Price Falls (Read 46 times)