Topic: XRP Price Dives After SEC Files Charges - page 2. (Read 1631 times)

I literally came across this news today. What can you say? The crypto community has already watched several high-profile cases from the SEC in the direction of the creation of Facebook and Telegram coins, and as far as I know, all these cases have been suspended. Of course, the forces of the SEC aimed at Ripple can destroy the company and the cryptocurrency and this is probably the beginning of the end for XRP. However, I think that there is no need to rush to a conclusion, you still need to wait for the final result of the proceedings.

I hope that many people who holds a huge amount of XRP have sell out or converted all of it, after hearing about the SEC issue because most exchanges have delisted and fully suspend trading in XRP. So I really feel sorry for people who are too late hearing about this news and already have experienced a huge dump on their holdings.

The market’s response to news about exchanges delisting xrp is instinctive. The lowest price today was somewhere in the 0.18c range but is fighting to pull up as it is now back to 0.22 something. It would be remarkable if they breach a higher price ceiling to win back a portion of the market. Some hodlers believe that the price will rebound sometime in January to Feb 2021 when Ripple Labs settle with the SEC — if they settle with the SEC and when it is clear about the xrp token’s real classification.

Given that they’re distinct from each other (xrp and tesla), both however hold speculative value. Ripple’s chaotic situation at the moment could be brief as it is being likened to how the market responded to Tesla’s stock price that dipped after Elon Musk was accused of fraud by the SEC, but recovered after making a settlement.

If they can settle soon before exchanges delist xrp in January, maybe there’s still hope for xrp - that is, if market trust is regained.

By the way, remember that bit of news about the Fed being actively engaged in research on a digital dollar? The fed is exploring distributed ledger technology and digital currencies. The gov’t now wants to create a digital equivalent of cash with wallets regulated by central banks.

Do you see this as an opportunity for them to quash cryptocurrencies and they’re just starting with xrp?

I feel sorry for those who invested in xrp in early stage when the range price of xrp was 1-3$
A lot of exchanges are delisting it and will further dump if they do not settle the issue with SEC

the most critical news was when sec and coinbase delisted XRP from their market.
that's what makes the price drop very sharply.
even some predictions say that XRP will fall to 0.1 $ figure whether that's true or not we'll see.
and I also trade futures short for XRP on binance hopefully the news is true.

jesus exchanges are starting to already delist xrp. you'd be crazy to still hold your coins still.
this battle will end not so good. don't you guys think that after XRP, other tokens will also experience the same like XRP. even if xrp has the best council, its an uphill battle for them because this is SEC they are fighting with.

so what will happen if the XRP team admits its a security token, what do they have to do after?

What I am trying to say is that Ripple (XRP) will only pump or they can only come back on the market when they can settle or fix their lawsuit file by the SEC. Until then nothing good will happen to Ripple (XRP) especially with the price which lots of holders are crying so much now.

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.

Bad news for #XRP holders 😭
If Binance take this action #XRP will be finish🤔 Will Binance take this action‼️

https://blog.coinbase.com/coinbase-will-suspend-trading-in-xrp-on-january-19-2e09652dbf57

https://blog.coinbase.com/coinbase-will-suspend-trading-in-xrp-on-january-19-2e09652dbf57

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.

After this, the next exchange to watch is Kraken hehehe. Kraken might also have a hard decision similar to Coinbase. Jesse Powell, CEO of Kraken, was one of Ripple's first investors who was also allocated billions of XRP. He resigned from the board of directors after Jed McCaleb left.

That is a massive statement coming from a newbie and without any explanation or rationale that would provide thought provoking ideas from those reading your post. On the surface it is a bad idea to invest in XRP with a view to hold on to them long term because we do not know at which stage actions by the SEC or the courts might reflect on the price. I think there are many investors buying and selling XRP on short term basis and making profit even now but the $1 you suggested in way off the mark.

Investors are looking in a deep down worry about what will happen if its price does not hold even the lowest support levels. XRP has become a mess since that lawsuit was filed and had since been dumped in the markets leaving all the investors in grey. Nothing looks in favor of XRP right now, so even whales are shorting it with their complete potential to make a fortune out of it.

Now this is the start, since coinbase pulled this news already I'm pretty sure big exchanges will follow. Sorry but I think xrp investors are gonna bleed more on the coming days. Panic sellers gonna panic more, and whales are gonna throw a lot their hold xrp. Too bad If this happened I think some major coins may pump since people and whales from xrp are gonna jump to a new course leaving it dead. I assume ripple will sink slowly after being delisted one by one.

looks like that Coinbase is pulling the plug on XRP
This will definitely hurt it more also just now XRP had a 8% dip going down to just a 25 cents and could possibly go down even more and here is the announcement

The worst that can happen to Ripple? SEC may win in the Ripple case, which could render XRP 'untradeable'. This is an even worse outcome than for the XRP price to gradually fall to zero since such a ruling would mean that essentially all centralized exchanges would stop trading XRP literally overnight.

Looks like it's still continuously driving down is there any updates on what is happening about the XRP looks like it started crashing now. Can anyone make a guess what could be the worst will happen to the price of the XRP?

it's not the dumping of coins the drag xrp price down, but its an issue with the sec, its been a long time battle with those two, I have heard the person who is the head of the sec is not pro-crypto while the new head is pro-crypto, I think before he leaves he make a big deal out of it, to make some chaos, in xrp community although it's not clear but also xrp has still some needs to answer some of the accusations being thrown at them.

This is also just after the charges, it is not even the results. Think about what would happen if SEC finds Ripple guilty and they put the CEO and founders in jail, and bans Ripple company from doing work, asks for american exchanges to halt all XRP trade and all those things. Can you imagine what could potentially happen if they did something like that? It would make XRP price go to under 10 cents for sure without a doubt. Sure there are still other XRP holders in other nations so it will not completely die, but it will definitely put a big dent into the system.

And by "decentralized" logic, if Ripple is closed, that would mean there are non-American holders that will still continue to trade it. So I would say a big doom is on the way but not complete garbage, it will be like in top 50 probably, but it will barely be there while dropping a ton under other coins.

Some analysts are saying the same thing, that this case against Ripple is supposed to be one that will be a test case for them to wait to get a judgement in their favour before they start going after other crypto but I am not sure how they could go after truly decentralised crypto because there is no single controlling factor.