To see XRP down while everything else is doing amazing is a perfect feeling, I can't explain how happy I am right now. I would like to point out that XRP got started with 21 cents or so, but reached to 28 cents or so very quickly in a month, which means we are basically at year to date levels nearly, or in a month we will be there to say the least.
So that means while everything else moved from small levels, ETH reaching from 130 dollar levels to 660+ dollar levels, all crypto going up at least 2x if not more, many going even as much as 5x higher as well (smaller) and big ones going 3x, to 4x, the market has been perfect this year and amazing. What happened to XRP meanwhile? It moved from 22 cents to 29 cents, that is really makes me very hopeful about the future of crypto. We are finally getting rid of this bad centralized and horrible project, or at least it is the start of it.
Topic: XRP Price Dives After SEC Files Charges - page 3. (Read 1648 times)
It is interesting that now large investors have stopped buying ripple and small investors still do not allow the price to fall significantly.
Small investors cant stop the falling in the price of the crypto market and for your information XRP price is controlled by the XRP team not investors because they are holding 60-75% of all the maximum supply of coin and that's why they easily manipulate the coin price.Not all exchanges are in a hurry to stop working with ripple...
That's because the coin CEO is a billionaire and they know he can pay the fund requested by the US SEC. 
Probably the biggest issue that XRP will be facing since it's existence SEC asserted that it's a security token because it acts and looks like one,
but the developers think otherwise, this is going to be a long battle and all actions by XRP will be scrutinized by SEC since its creation.
Ripple is going to lose a lot if they drag this issue into a long court proceeding, investors are not patient with the volume and the price clearly voiced out investors dislike about the issue.
but the developers think otherwise, this is going to be a long battle and all actions by XRP will be scrutinized by SEC since its creation.
Ripple is going to lose a lot if they drag this issue into a long court proceeding, investors are not patient with the volume and the price clearly voiced out investors dislike about the issue.
Yeah exactly, this kind of thing also helps prevent any of those crypto companies from doing fraud or illegal offering in the future. XRP is shady af and the founder also keep dumping the coin I still wonder why people still defend it like that. I know maybe too much of people putting their money to XRP considering how big its market cap was but what SEC did to file lawsuit against Ripple is definitely needed if Ripple happens to break any law (need to obey law because this thing is centralized).
Have to agree here. I have to agree, when you say that XRP is a shady cryptocurrency. It has like 100% pre-mine. Which other altcoin has anything similar to a 100% pre-mine? And XRP, being a centralized cryptocurrency is diabolically opposite to most of the other decentralized cryptocurrencies. The problem with XRP is that the promoters made a lot of money by creating pump-and-dump cycles and then dumping their tokens. And this is where the 100% pre-mine comes in to picture. Actually we should thank the SEC for taking action against this scam coin.
I know maybe too much of people putting their money to XRP considering how big its market cap was but what SEC did to file lawsuit against Ripple is definitely needed if Ripple happens to break any law (need to obey law because this thing is centralized).
Not only are they centralized, but XRP cannot even be considered a genuine cryptocurrency. Ripple's issuance of many billion XRP tokens is used to create the illusion of paying clients. But the fact is, Ripple is actually paying them, not the other way around.
I am laughing out loud on the people who claim that SEC is doing this on purpose and they have something against Ripple and they are basically jealous of it, lol. I mean bitcoin is literally used to pay your taxes in Ohio, you got that right? Literally a whole state that accepts bitcoin, and SEC does absolutely nothing about it, New York has bitlicense and had that for over 5 years now if I am not wrong as well.
California is place for many crypto companies as well. So all in all SEC allowed every single one of those companies to exist, and let you pay your taxes in crypto, everything about that is perfectly fine, BUT when it comes to XRP and Ripple, SEC got jealous of it? Or has a secret hidden motive to let it die? Why would sec do something like that? What's in it for them? Obviously that is a wrong statement and it will always be wrong no matter how many XRP fan boys will say that.
Yeah exactly, this kind of thing also helps prevent any of those crypto companies from doing fraud or illegal offering in the future. XRP is shady af and the founder also keep dumping the coin I still wonder why people still defend it like that.California is place for many crypto companies as well. So all in all SEC allowed every single one of those companies to exist, and let you pay your taxes in crypto, everything about that is perfectly fine, BUT when it comes to XRP and Ripple, SEC got jealous of it? Or has a secret hidden motive to let it die? Why would sec do something like that? What's in it for them? Obviously that is a wrong statement and it will always be wrong no matter how many XRP fan boys will say that.
I know maybe too much of people putting their money to XRP considering how big its market cap was but what SEC did to file lawsuit against Ripple is definitely needed if Ripple happens to break any law (need to obey law because this thing is centralized).
Ripple is worth billions right now even after courting negative publicity surrounding the legal action taken by the SEC.
Like you said, if they go after Ripple now and succeed then which crypto will be next? If a legal precedent is set against one then maybe that will be used against others so it is in the interest of everything within the crypto sphere for Ripple to hire the best legal defence to defend itself.
I am not sure if I agree with you about Ripple settling out of court because even if they escape a lengthy court battle not all crypto will be able to raise the finances to do so.
Like you said, if they go after Ripple now and succeed then which crypto will be next? If a legal precedent is set against one then maybe that will be used against others so it is in the interest of everything within the crypto sphere for Ripple to hire the best legal defence to defend itself.
I am not sure if I agree with you about Ripple settling out of court because even if they escape a lengthy court battle not all crypto will be able to raise the finances to do so.
@JollyGood. Ripple's investors similar to Andreessen Horowitz and CME Ventures might also have the political connections to help them avoid an unfavorable verdict or there might only be a settlement on the case without a trial.
Also, I reckon we should hope that Ripple settles or avoids the charge because the case might become a legal precedent to use against everything else in the cryptospace.
Also, I reckon we should hope that Ripple settles or avoids the charge because the case might become a legal precedent to use against everything else in the cryptospace.
There are other ICOs that have settled with the SEC. EOS which clearly is a security that would not have passed the Howey test was one of them.
In any case, our attention should be on Coinbase. It is in a bad situation where it cannot go on with their IPO because it has XRP listed and it cannot delist XRP because the investors of Ripple are also the investors of Coinbase hehe.
I am laughing out loud on the people who claim that SEC is doing this on purpose and they have something against Ripple and they are basically jealous of it, lol. I mean bitcoin is literally used to pay your taxes in Ohio, you got that right? Literally a whole state that accepts bitcoin, and SEC does absolutely nothing about it, New York has bitlicense and had that for over 5 years now if I am not wrong as well.
California is place for many crypto companies as well. So all in all SEC allowed every single one of those companies to exist, and let you pay your taxes in crypto, everything about that is perfectly fine, BUT when it comes to XRP and Ripple, SEC got jealous of it? Or has a secret hidden motive to let it die? Why would sec do something like that? What's in it for them? Obviously that is a wrong statement and it will always be wrong no matter how many XRP fan boys will say that.
California is place for many crypto companies as well. So all in all SEC allowed every single one of those companies to exist, and let you pay your taxes in crypto, everything about that is perfectly fine, BUT when it comes to XRP and Ripple, SEC got jealous of it? Or has a secret hidden motive to let it die? Why would sec do something like that? What's in it for them? Obviously that is a wrong statement and it will always be wrong no matter how many XRP fan boys will say that.
What you say is correct but what happens if the people buying XRP at low prices end up losing everything if the SEC win their case? I agree a lot of this depends on the legal team that Ripple hire and without a doubt they will hire the best lawyers that money can buy. This will be a long fight in the courts but the chances are the SEC is using Ripple as a test case in order to go after all crypto projects.
does that guarantee that the XRP price would drop? In that case it means that it's not smart to invest to Ripple? now i see what's the reason
of the -30% price drop of the ripple.
It's actually depend if what will be the result of the case if they can solve that then this dip is a good entry and you will never have a good chance again to buy it that cheap.but if not then we will see another more deep coming in XRP price. It's only depend on the lawyer and XRP team , how they can manage the SEC issues to them. Just wait if they can provide a good news that can help the price of XRP to recover .
The value of XRP fell by more than 30% on the news.[/i]
does that guarantee that the XRP price would drop? In that case it means that it's not smart to invest to Ripple? now i see what's the reason
of the -30% price drop of the ripple.
It's actually depend if what will be the result of the case if they can solve that then this dip is a good entry and you will never have a good chance again to buy it that cheap.but if not then we will see another more deep coming in XRP price. It's only depend on the lawyer and XRP team , how they can manage the SEC issues to them. Just wait if they can provide a good news that can help the price of XRP to recover .
It really will be along drawn out process and anything could happen in court and during the appeal. Ripple and those behind the project have billions of USD$ to defend themselves so they will not hesitate to spend it on the best legal team that money can buy.
Money that will be stolen from the coffers of the crypto holders. It is sad to see that an initiative born in 2013 and which therefore has been cheating us for almost 10 years, is being pursued by the galactic guardians of the economy of the sec only today.[/quote]
Hoping that XRP will win it in court, XRP is quite a good project and is also in the top 10 list on CMC. I really regret this incident, but I will try to take the risk to buy some XRP at the current low.
[/quote]It is a match that can only have one winner. Suppose ripple was wrong, it would be the end of ripple and therefore of all those who invested in it. Suppose the SEC was wrong, what would it lose? For now xripple, and therefore all owners of xripple, have lost 50% of the invested value just before the declarations of the sec.
Ripple is worth billions right now even after courting negative publicity surrounding the legal action taken by the SEC.
Like you said, if they go after Ripple now and succeed then which crypto will be next? If a legal precedent is set against one then maybe that will be used against others so it is in the interest of everything within the crypto sphere for Ripple to hire the best legal defence to defend itself.
I am not sure if I agree with you about Ripple settling out of court because even if they escape a lengthy court battle not all crypto will be able to raise the finances to do so.
Like you said, if they go after Ripple now and succeed then which crypto will be next? If a legal precedent is set against one then maybe that will be used against others so it is in the interest of everything within the crypto sphere for Ripple to hire the best legal defence to defend itself.
I am not sure if I agree with you about Ripple settling out of court because even if they escape a lengthy court battle not all crypto will be able to raise the finances to do so.
@JollyGood. Ripple's investors similar to Andreessen Horowitz and CME Ventures might also have the political connections to help them avoid an unfavorable verdict or there might only be a settlement on the case without a trial.
Also, I reckon we should hope that Ripple settles or avoids the charge because the case might become a legal precedent to use against everything else in the cryptospace.
Also, I reckon we should hope that Ripple settles or avoids the charge because the case might become a legal precedent to use against everything else in the cryptospace.
@JollyGood. Ripple's investors similar to Andreessen Horowitz and CME Ventures might also have the political connections to help them avoid an unfavorable verdict or there might only be a settlement on the case without a trial.
Also, I reckon we should hope that Ripple settles or avoids the charge because the case might become a legal precedent to use against everything else in the cryptospace.
Also, I reckon we should hope that Ripple settles or avoids the charge because the case might become a legal precedent to use against everything else in the cryptospace.
It really will be along drawn out process and anything could happen in court and during the appeal. Ripple and those behind the project have billions of USD$ to defend themselves so they will not hesitate to spend it on the best legal team that money can buy.
Hoping that XRP will win it in court, XRP is quite a good project and is also in the top 10 list on CMC. I really regret this incident, but I will try to take the risk to buy some XRP at the current low.
At the time of creating this thread the XRP price is $0.34
The price dropped again, it is only around $0.30 now. The drop is quite big, it already declined to $0.28 and rise a bit to $30 now. SEC lawsuit makes XRP holders feel afraid, moreover some major exchanges consider delisting XRP. But I think it won't last a long time, the XRP team should do something to recover the situation. I keep holding my XRP and never think to join panicking selling. 
Yeah, there's a lot of uncertainty right now, so if you are a XRP holder, you better think ahead whether to withdraw your assets or convert them to other alts or bitcoin. There is also news that Bitstamp is requiring their US customers to withdraw as well because of this lawsuit coming from SEC.
So I'm expecting a see saw price of XRP now, very volatile and will fluctuates if there is a negative news that will come out again.
At the time of creating this thread the XRP price is $0.34
The price dropped again, it is only around $0.30 now. The drop is quite big, it already declined to $0.28 and rise a bit to $30 now. SEC lawsuit makes XRP holders feel afraid, moreover some major exchanges consider delisting XRP. But I think it won't last a long time, the XRP team should do something to recover the situation. I keep holding my XRP and never think to join panicking selling. 
If you look at the massive news regarding the lawsuits by the SEC against XRP, it looks like the future of XRP will be threatened.
As we all know the rumors of Coinbase delisting XRP have sounded everywhere on various social media. This is not a good thing
for XRP, no wonder the price of XRP continues to decline in the market. I also predict that if XRP loses in court, it is certain that
almost all popular exchanges will delist XRP.
As we all know the rumors of Coinbase delisting XRP have sounded everywhere on various social media. This is not a good thing
for XRP, no wonder the price of XRP continues to decline in the market. I also predict that if XRP loses in court, it is certain that
almost all popular exchanges will delist XRP.
To be honest, I'm not very good at all these legal matters but I still believe that everything will be fine for ripple I think the ripple team already knew about this outcome in advance and now when they are still caught, they somehow pay off and everything will be fine.
I am not also good in legal matters but we know SEC they always make sure the case is airtight and they can prove their case, Ripple has been to a lot but so far this is the biggest issue that they've faced because they are up against a regulating body, who is capable of stopping progress for any project or companies, they have to brace themselves here.
The situation for investors at the moment is very scary. It is obvious that the token has now significantly lost its value, but there has not been a trial yet. Therefore, the recovery of Ripple's positions will not happen in the near future. More and more companies are refusing to work with company.
XRP trading and deposits to be halted for US customers... I bet other exchanges will follow as well.
https://twitter.com/Bitstamp/status/1342506058397474822
https://twitter.com/Bitstamp/status/1342506058397474822
Aaand thanks to Bitcoin's new ATH which is happening in these last few hours,,, we are seeing a huge pump in XRP. I guess whoever thought it was a good idea to buy at the XRP dip this week is going to be happy. I saw 33% but now looks like almost 40% gains will be concluded by the end of the day.
Jump to: