The price was still holding to $0.3 for about weeks from now. Can we think that this remaining value is just a corporate holding shares so that the price will hold on or they still have loyal supporters who still hold and believe of the reliability of their platform and hoping that still it has a future?
This is possible actually. But not 100% comes from their corporate hold shares. They have still few investors and supporters who's holding xrp coins. There are some xrp coins that still circulating on the crypto market. 
Topic: XRP Price Dives After SEC Files Charges (Read 1645 times)
Similarly as large occasions, for example, splitting for instance most occasions causes an appreciation in cost of a cryptocurrecy, so does an awful news bring about a dive or an absolute breakdown, this claim will cut wave down and tbh I question they'll have the option to recuperate from it, a considerable amount of individuals have pulled out are as yet pulling out of the organization to cut their misfortunes, it's to be sure an awful period for big time swell holders.
It appears that because of the new SEC appointees of the incoming Biden administration, Ripple might be saved and allowed to settle their case hehehe. Relist and pump?
It is highly unlikely that XRP will get away with the lawsuit even with the change in administration. Janet Yellen did not come out with a positive aspect as she had a negative thought on how cryptocurrency is used by terrorist and she echoed how they are planning to come out with regulations to combat that and the allegations and lawsuit against XRP is not small either. 
News update.
It appears that because of the new SEC appointees of the incoming Biden administration, Ripple might be saved and allowed to settle their case hehehe. Relist and pump?
It appears that because of the new SEC appointees of the incoming Biden administration, Ripple might be saved and allowed to settle their case hehehe. Relist and pump?
I don't think that the change in presidency will have any impact on this case. SEC is not going to reverse their ruling, irrespective of whoever comes in to the administration. The only option left for XRP is to file an appeal against the ruling, which may take at least a year to process. Whales with large XRP holdings may attempt to do a few pump-and-dump cycles by spreading fake news on social media sites and compromised new sites such as Coin Telegraph, but we should be cautious about it.
News update.
It appears that because of the new SEC appointees of the incoming Biden administration, Ripple might be saved and allowed to settle their case hehehe. Relist and pump?
Marc P. Berger, who was named Deputy Director of the Division of Enforcement at the US Securities and Exchange Commission (SEC) in August 2020, is leaving the agency before the end of the month, according to an SEC press release. He was appointed acting director of the division after Stephanie Avakian departed from the SEC in December.
Though Berger’s time in the top position was short, it bears at least one major highlight: the SEC’s $1.3 billion lawsuit against Ripple Labs, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen.
The lawsuit, which was unveiled at the tail end of Avakian’s tenure, alleges Ripple did not register the sale of XRP, the third-largest cryptocurrency by market capitalization.
Source https://decrypt.co/53897/sec-enforcer-behind-1-3-billion-ripple-lawsuit-stepping-down
Correct, I like the way that XRP teams stand up for themselves and try to fix the whole thing, the CEO most especially, that was when I noticed that XRP is going to escape the death trap, I'm just glad I'm still holding unto my XRP, if they eventually follow their aims XRP will moon big time It appears that because of the new SEC appointees of the incoming Biden administration, Ripple might be saved and allowed to settle their case hehehe. Relist and pump?
Marc P. Berger, who was named Deputy Director of the Division of Enforcement at the US Securities and Exchange Commission (SEC) in August 2020, is leaving the agency before the end of the month, according to an SEC press release. He was appointed acting director of the division after Stephanie Avakian departed from the SEC in December.
Though Berger’s time in the top position was short, it bears at least one major highlight: the SEC’s $1.3 billion lawsuit against Ripple Labs, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen.
The lawsuit, which was unveiled at the tail end of Avakian’s tenure, alleges Ripple did not register the sale of XRP, the third-largest cryptocurrency by market capitalization.
Source https://decrypt.co/53897/sec-enforcer-behind-1-3-billion-ripple-lawsuit-stepping-down
It's RIPPLE vs SEC, and XRP is taking the toll. Ripple is going to fight until the very end but we've seen this film before, we're still not gonna like the ending.
Plenty of exchanges are still trading with XRP pairs, the price is a steady +$0.25 so things are not too bad. This will be a long drawn out legal process so in the interim billions of USD$ of trading with XRP will continue on a daily basis.
News update.
Kraken will remove XRP trading for its American users on January 29. This is not as bad as a delistment, however, this appears to show the negative sentiment of Kraken.
Also, good news. XRP is presently pumping hehehehe.
Kraken announced on Jan. 15 that it would halt trading in XRP for US residents. The company made the move because of the Securities and Exchange Commission (SEC) filing against Ripple Labs.
Source https://beincrypto.com/kraken-becomes-latest-exchange-to-halt-xrp-trading/
Kraken will remove XRP trading for its American users on January 29. This is not as bad as a delistment, however, this appears to show the negative sentiment of Kraken.
Also, good news. XRP is presently pumping hehehehe.
Kraken announced on Jan. 15 that it would halt trading in XRP for US residents. The company made the move because of the Securities and Exchange Commission (SEC) filing against Ripple Labs.
Source https://beincrypto.com/kraken-becomes-latest-exchange-to-halt-xrp-trading/
The price was still sticking to $0.3 for about weeks from now. Can we think that this remaining value is just a corporate holding shares so that the price will hold or they still have loyal supporters who still hold and believe of the reliability of their platform and hoping that still it has a future?
We can't really tell it as this point, but one thing is for sure, there are still loyal supporters of XRP and will do everything to let the price go above waters as this point, win win situation for them. They can make profits and maybe they can trap more investors to invest. The case is still looming despite who are going to sit as SEC chair.I bet the price of the XRP at these rates can be sustained by the Ripple Corporation itself. I don't believe there's a large number of small, weak-handed investors who want to get out right now. Most xrp investors are large institutional investors, imho.
The price was still sticking to $0.3 for about weeks from now. Can we think that this remaining value is just a corporate holding shares so that the price will hold or they still have loyal supporters who still hold and believe of the reliability of their platform and hoping that still it has a future?
We can't really tell it as this point, but one thing is for sure, there are still loyal supporters of XRP and will do everything to let the price go above waters as this point, win win situation for them. They can make profits and maybe they can trap more investors to invest. The case is still looming despite who are going to sit as SEC chair.
The price was still holding to $0.3 for about weeks from now. Can we think that this remaining value is just a corporate holding shares so that the price will hold on or they still have loyal supporters who still hold and believe of the reliability of their platform and hoping that still it has a future?
News update.
It appears that because of the new SEC appointees of the incoming Biden administration, Ripple might be saved and allowed to settle their case hehehe. Relist and pump?
Marc P. Berger, who was named Deputy Director of the Division of Enforcement at the US Securities and Exchange Commission (SEC) in August 2020, is leaving the agency before the end of the month, according to an SEC press release. He was appointed acting director of the division after Stephanie Avakian departed from the SEC in December.
Though Berger’s time in the top position was short, it bears at least one major highlight: the SEC’s $1.3 billion lawsuit against Ripple Labs, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen.
The lawsuit, which was unveiled at the tail end of Avakian’s tenure, alleges Ripple did not register the sale of XRP, the third-largest cryptocurrency by market capitalization.
Source https://decrypt.co/53897/sec-enforcer-behind-1-3-billion-ripple-lawsuit-stepping-down
It appears that because of the new SEC appointees of the incoming Biden administration, Ripple might be saved and allowed to settle their case hehehe. Relist and pump?
Marc P. Berger, who was named Deputy Director of the Division of Enforcement at the US Securities and Exchange Commission (SEC) in August 2020, is leaving the agency before the end of the month, according to an SEC press release. He was appointed acting director of the division after Stephanie Avakian departed from the SEC in December.
Though Berger’s time in the top position was short, it bears at least one major highlight: the SEC’s $1.3 billion lawsuit against Ripple Labs, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen.
The lawsuit, which was unveiled at the tail end of Avakian’s tenure, alleges Ripple did not register the sale of XRP, the third-largest cryptocurrency by market capitalization.
Source https://decrypt.co/53897/sec-enforcer-behind-1-3-billion-ripple-lawsuit-stepping-down
I wonder if LTC will overtake XRP on CoinMarketCap by the end of this year?
If this trend continues, I believe it will. This could further boost the price of the LTC as it will be in the TOP 5 cryptocurrencies.
If this trend continues, I believe it will. This could further boost the price of the LTC as it will be in the TOP 5 cryptocurrencies.
It might because XRP will be majestically dumped by the exchanges itself then delist hehe.
@JollyGood. I speculate that many exchanges are waiting for the judge’s decision and what classification determines XRP. If it is classified as an illegal security, all exchanges will dump and delist.
Not sure about whether too many exchanges have de-listed XRP, there seems to be plenty of activity in XRP pairs: https://coinmarketcap.com/currencies/xrp/markets/
There are too many exchanges announcing delisting of xrp and many will follow too. Not sure why Binance still lingering maybe they're too close for that to break the bond right away. Not sure what the hell is the deal with SEC. They destroying xrp now while letting it ride for the flare Snapshot without any hassle. I've smell something fishy here. Maybe xrp will go down and time for guys to buy later and win the court? Seems like a smooth play.
With this, market got affected and sudden price crash happened already.
With this, market got affected and sudden price crash happened already.
I wonder if LTC will overtake XRP on CoinMarketCap by the end of this year?
If this trend continues, I believe it will. This could further boost the price of the LTC as it will be in the TOP 5 cryptocurrencies.
If this trend continues, I believe it will. This could further boost the price of the LTC as it will be in the TOP 5 cryptocurrencies.
This is what we have been saying for sometime that XRP is a security and this could be the beginning of the end for XRP, I have a feeling Binance is likely going to delist it because Binance too have her own issue boiling underground with SEC, and they need to clean house and by doing so, means delisting projects that is perceived to be XRP. I believe XRP will fight this but likely going to lose
hold on for a while but if, the bad news continues and many other big exchanges delist XRP, then the xrp possibility will go down and get worse.
still a possibility but today's 7 days chart for xrp is terrible.
whether the xrp will be completely deprecated
Ripple (XRP) recovered a little in the past few days but it turned out more dump now. And I think it will just come back when they settle their lawsuit with the SEC. Yesterday COinbase and OKCoin announced the suspension of XRP trading on their platform which cause more dumps on XRP.
That's about as likely as CLAMS coming back. It's being delisted from major exchanges and that means no exposure and no pump. And what are you talking about settle? Garlinghouse and Larsen were explicitly given the opportunity to settle with the SEC and they chose not to - alea iacta est.
OTC market makers have also stopped providing liquidity for XRP. This implies that the biggest whales cannot dump their coins without using crypto coin exchanges.
However, what would be next if Ripple and SEC settle the case without trial?
@JollyGood. Agreed. The future of the cryptospace depends on this case. There are much more illegal securities to be delisted if exchanges can delist XRP. They will be time bombs hehehe.
I do hope Ripple will win the case, they should use their financial power to hire the best lawyers to defend themselves. If Ripple falls then so many other crypto will be next but I think the SEC must be very sure they will be able to prove it to a judge that XRP is classed as a security otherwise they would never have served legal papers.
Thats true. Not being bias here but if SEC win against this project then there is a chance other will be easily be shut down too. A huge project being taken care of is like a bad scene for us cause for crypto enthusiast this means that other lower tier project can be put on check and close immediately. After coinbase then next is Bittrex announcement.
https://twitter.com/BittrexExchange/status/1344056304617177089?s=19
Like I said it will be follow through. Possibly Binance and other majors are gonna follow soon.
I do hope Ripple will win the case, they should use their financial power to hire the best lawyers to defend themselves. If Ripple falls then so many other crypto will be next but I think the SEC must be very sure they will be able to prove it to a judge that XRP is classed as a security otherwise they would never have served legal papers.
I am quite certain other cryptofunds and crypto asset managers have begun to dump their XRP also and I speculate that exchanges might begin to delist this. No one will be risking their licenses for allowing trades of an illegal security.
Also, the articles have mentioned that the SEC has sued Ripple. This appears that a judge will determine if XRP is an illegal security or not. The decision might become a legal precedent on many cases regarding if a cryptotoken is an illegal security or not. We should hope Ripple wins this case.
Crypto asset manager Bitwise has liquidated the XRP position of its crypto index fund.
Bitwise said the move took place in light of the U.S. Securities & Exchange Commission (SEC) has alleged that XRP is a security.
Bitwise said its crypto index fund "does not invest in assets that are reasonably likely to be deemed securities under federal or state securities laws."
Source https://www.theblockcrypto.com/linked/89018/bitwise-crypto-index-fund-xrp
Also, the articles have mentioned that the SEC has sued Ripple. This appears that a judge will determine if XRP is an illegal security or not. The decision might become a legal precedent on many cases regarding if a cryptotoken is an illegal security or not. We should hope Ripple wins this case.
Crypto asset manager Bitwise has liquidated the XRP position of its crypto index fund.
Bitwise said the move took place in light of the U.S. Securities & Exchange Commission (SEC) has alleged that XRP is a security.
Bitwise said its crypto index fund "does not invest in assets that are reasonably likely to be deemed securities under federal or state securities laws."
Source https://www.theblockcrypto.com/linked/89018/bitwise-crypto-index-fund-xrp
Ripple (XRP) recovered a little in the past few days but it turned out more dump now. And I think it will just come back when they settle their lawsuit with the SEC. Yesterday COinbase and OKCoin announced the suspension of XRP trading on their platform which cause more dumps on XRP.
I think the recent surge in the price of XRP was a fail attempt to pump XRP to show as a counter to the current market situation. Or possibly to make investors believe that XRP isn't affected at all. Or some whales try to push the market up so they can sell their XRP at a higher price.
Anyway, we can expect more exchanges to follow delisting XRP to escape the wrath of US SEC authority.
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