XRP Price Dives After SEC Files Charges - page 4.

plr

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Quote from: Jating on December 25, 2020, 08:14:24 AM

I haven't seen US SEC losses it's ground to any crypto project, so although Ripple is too big, I think I will say that they have a very slim chances against the lawsuit against them. US SEC will not file this case if it is not air tight. Remember Telegram? well they SEC halted their ICO and they have to pay in millions in fine.

So I think this will be the same here, if found guilty in violation they have will have to shell out money and pay the government and then we will see how it goes.

I sold all my XRP upon reading the news, SEC is just to big for Ripple to handle, I don't know how they can handle this, but this is probably one of the biggest news this 2021 and it could top big news like all time high and the crash of Bitcoin because of the pandemic.

fishbonez11

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Quote from: trauchot on December 25, 2020, 07:15:42 AM

Of course, the price of Ripple has dropped a lot, but it is clear that many big players do not want Ripple to fall in price very much, and therefore some big players are constantly buying Ripple and perhaps this is good, because when the SEC receives its own from Ripple, then most likely Ripple will start again grow in value and we will see new heights.

Looks like XRP price have recovered a little. Some says that XRP can still go on since they have faced similar issues before. This day XRP have gain 37% rise from yesterdays. Personally, I am not fan of this kind of coin, you can gain big amount for a day but also can be lost in a day. Almost a scam, this is only for high risk taker.

Jating

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Quote from: darkphoenix2610 on December 25, 2020, 07:08:52 AM

Ripple is facing a new lawsuit the price drove to really low and makes some investors panic. There are also exchanges that started to delisted Ripple (XRP) doubting Ripple can come back. https://crypto.co/technology/bitwise-sells-xrp-holdings-as-ripple-faces-a-new-lawsuit/. Well, let's see who will win between US SEC and Ripple.

I haven't seen US SEC losses it's ground to any crypto project, so although Ripple is too big, I think I will say that they have a very slim chances against the lawsuit against them. US SEC will not file this case if it is not air tight. Remember Telegram? well they SEC halted their ICO and they have to pay in millions in fine.

So I think this will be the same here, if found guilty in violation they have will have to shell out money and pay the government and then we will see how it goes.

trauchot

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Of course, the price of Ripple has dropped a lot, but it is clear that many big players do not want Ripple to fall in price very much, and therefore some big players are constantly buying Ripple and perhaps this is good, because when the SEC receives its own from Ripple, then most likely Ripple will start again grow in value and we will see new heights.

darkphoenix2610

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Ripple is facing a new lawsuit the price drove to really low and makes some investors panic. There are also exchanges that started to delisted Ripple (XRP) doubting Ripple can come back. https://crypto.co/technology/bitwise-sells-xrp-holdings-as-ripple-faces-a-new-lawsuit/. Well, let's see who will win between US SEC and Ripple.

kpierce77

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Quote from: DIA7 on December 25, 2020, 06:55:13 AM

It's confusing that xrp gained back 0.1$ since it dipped to 0.26$ yesterday to 0.36$ today despite it's getting delisted from some exchanges are delisting it from total 192 lists to less then 140lists.

If Coinbase delists Ripple it will be a big blow for it.
I don't think it's good to invest in it anymore especially when they are (ripple creatures) admitting to keeping prices little bit high just to keep dumping and fill their pockets.

I read a piece of news this morning, there are several possibilities as well as solutions that will be taken such as moving the Ripple HQ outside the US, so they can make a deal that is more in line with the regulations. The CEO of Ripple also seems to be saying that it is likely due to the political situation in the US which is currently undergoing a transition, but I'm not really sure about that

DIA7

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It's confusing that xrp gained back 0.1$ since it dipped to 0.26$ yesterday to 0.36$ today despite it's getting delisted from some exchanges are delisting it from total 192 lists to less then 140lists.

If Coinbase delists Ripple it will be a big blow for it.
I don't think it's good to invest in it anymore especially when they are (ripple creatures) admitting to keeping prices little bit high just to keep dumping and fill their pockets.

JollyGood

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It means that with all the negative press this whole court case against Ripple will bring people should (logically thinking) avoid anything to do with XRP but that is not how business works. Many people will buy XRP when they see it as a low price because they would anticipate the price will go up at some point.

The court case and the following appeal will take a long time to be finally concluded until then there is money to be made by trading XRP so people will continue trying to make a profit and exchanges will continue to have XRP pairs so they can make money too.

Quote from: safari88 on December 23, 2020, 11:53:07 AM

Quote from: JollyGood on December 23, 2020, 10:06:58 AM

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.

cryptoaddictchie

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Quote from: bbc.reporter on December 24, 2020, 08:24:10 PM

Delisted from 3 unknown and might be unbanked exchanges is nothing,

Its not just nothing when the price plummeted so big. The fud on these news slightly affect the xrp market especially the SEC news are everywhere. But with the recovered price I think this just means a playsafe fud for those institutional player to drop the price a bit. I dont know but this political affair of SEC might also rigged maybe.

poodle63

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Quote from: Ryushin on December 24, 2020, 12:36:01 PM

Quote from: jacafbiz on December 23, 2020, 10:54:04 AM

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

This is just a prediction still, I believe that XRP won't go down because of SEC, there will be more diving in value because of weak investors but XRP can beat this difficulty, it's time to actually see how strong XRP can be, if they win this fight XRP will be even better, let's wait to see what comes next

You actually underestimate SEC when it comes to filing charge like this. If you know centra that succesfully raises funds in an ICO back then you will know that project vanish to thin air after being sued by SEC as fraudulent. regarding XRP we don't really know whether it's really gonna survive or not until we know the result of this problem. Most of people are just speculating that XRP gonna back up but they actually don't even have a clue.

rahmatullah9305

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Quote from: IkonaDro4ku on December 24, 2020, 01:13:45 PM

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.

Yes, if we look at the history of the development of Ripple, it is very clear that the teams that are in Ripple are very smart people who can solve all things and problems, moreover it is very serious for them to solve.

Ratash

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Yes they have problems with the SEC and its a Us federal organisation with a job to protect investors and banking systems, and thats a link to those accusations
https://www.sec.gov/news/press-release/2020-338
And If they lose their case then the price of xrp will receive a massive dump and it will lose its third place on the crypto market and exchanges will ban riple from their listings.

smyslov

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Quote from: WLtoys V912 on December 24, 2020, 03:51:18 PM

Unfortunately, I bought $100 worth of XRP a few days ago @ $0.36 and it is not worth about $0.26!! This is the problem with most centralized coins. A wrong decision by a person or some organization will ruin the investors' efforts.

What do you recommend me to do now? Do you think Ripple will rise sooner or later?
Should I hold my coins or is it better to sell them as soon as possible to prevent further damage to my investment?
What about converting it to other coins to compensate for losses? (This is hardly possible now because all coins are expensive now)

It's something that will eventually come, unfortunately it's the bad time to come at the time the market is growing, this should be the time XRP should be doing great in the market, but unfortunately the opposite is what's happening right now, the crash is not good but there are still who still believe on XRP.

inanilujimi

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Quote from: Kemarit on December 24, 2020, 09:39:40 PM

Very interesting to see that some small and mid tier exchanges decided to pull the plug on XRP, LOL.

But I agree that this is relatively unknown exchanges, however, we have seen the effects. Just imagine of Binance or other top tier exchanges decided to de-list XRP. For sure the price could plummet. I also talk to one of my friends who are heavily banking on XRP, he said the sold and take the profits already. And just wait till everything settles down before investing again.

If it is confirmed that Binance wants to delete xrp this is the end of xrp. obviously the xrp case could not possibly be resolved quickly because they wanted to fight back and prove that they were right, what is clear is that the impact of this is clear and it could also affect other altcoins as well.

crwth

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I don't think it's the end right now. Being in the top altcoins for a long time, I don't think it will be a downfall for the coin. We all know that there is a lot of news surrounding it, but in the end, having their reputation out there already for a long time and a lot of custodial wallets, like in my country, it's being supported and being traded as well. It's not the best time to lose hope, but I think it's a great time to buy it while it's on sale.

As of this posting, it's 16.85% , so definitely not the end.

kidbounty

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unexpectedly ripple can recover the price and go up to $ 0.3 today. but I'm still not sure, it's over. maybe this is just the start for something worse. still pay attention to the price of XRP in the market, never look away. it could be just a correction and there will be another big drop. in my experience there will always be a small mountain before the great valley.

Kemarit

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Very interesting to see that some small and mid tier exchanges decided to pull the plug on XRP, LOL.

But I agree that this is relatively unknown exchanges, however, we have seen the effects. Just imagine of Binance or other top tier exchanges decided to de-list XRP. For sure the price could plummet. I also talk to one of my friends who are heavily banking on XRP, he said the sold and take the profits already. And just wait till everything settles down before investing again.

Ridwan Fauzi

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It will be a long case unless XRP relents and moves their company outside the US government.

Moreover, they have the intention to fight will probably make the XRP price very volatile.

As you can see now, its price just plunged down from $0.8 t0 $0.2 just in two weeks at least.

But its price is trying to recover and just need one night for its price increased more than 20%, the xrp investor/community is much but they have many haters as well.

LogitechMouse

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The number of exchanges that are either delisted or it or stopped trading temporarily are few and they are not that popular exchanges.
The effect of the news throughout the crypto space has been massive though and it is enough for the investors to panic and sell their XRP holdings.

Now CEO owner and CO-owner will do everything to win this case but as days pass by, Ripple will just be played by these professional traders so they will pump and dump it in exchanges especially in Binance until there are no further news about it. You can enter if you trust the coin or at least want a short term profit from it. More exchanges will delist it or halt the trading if this problem will last for weeks or even months depending on the situation.

tbct_mt2

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Quote from: bbc.reporter on December 24, 2020, 08:24:10 PM

Delisted from 3 unknown and might be unbanked exchanges is nothing, I reckon. We should wait for Coinbase and Kraken's delistings because the people behind them have interests on Ripple.

To let everyone know, the VCs and other investors of Coinbase and Kraken's Jesse Powell have also funded Ripple Labs.

Buy at dips when FUDs are used as weapons to dump the price. After the freefalls, Ripple price rally strongly and who bought below 1k satoshi or $0,3 can enjoy the rally.

This FUDs and the lawsuit from SEC are a emergent call for Ripple enthusiasts that the cryptocurrency is centralized and can be shut down or seize by the governments. Another lesson for them is stop loss order for their trades or invesment (if they store their Ripple on exchanges). This lawsuit results in FUDs and in turn massive liquidations on Ripple leverage trades.

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