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
Topic: XRP Price Dives After SEC Files Charges - page 6. (Read 1648 times)
This is going to be bad news for other crypto too. When the SEC forced Telegram in to a climbdown it was testing the waters to see how far they could force organisations to re-think their stance. Ripple is going to take the fight on but will probably lose and it spells bad news for other crypto too.
Xrp is good for future i think worth 1$ in coming year's
^ This is a nightmare for any cryptocurrency, where governments try to intervene and try to regulate the circulation of cryptocurrencies in their jurisdiction. And I think it is possible that cryptocurrencies or other platforms that circulate and operate in the United States could be affected by the same thing that was experienced by XRP. I hope this case can be resolved and XRP can return to its highest price.
To be honest, I don't invest in XRP, but I do use it a lot to avoid high fees exchanges. Because in some exchanges, the fees they charge for XRP withdrawals are much cheaper compared to other cryptocurrencies.
To be honest, I don't invest in XRP, but I do use it a lot to avoid high fees exchanges. Because in some exchanges, the fees they charge for XRP withdrawals are much cheaper compared to other cryptocurrencies.
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 .
The owner of ripple made a huge mistake by selling it's holdings in big number this caused a massive drop in the price firstly else the price would have gone more than 1$ in my opinion, now such a big news has caused a major blow to the XRP founder, people have started to sell their assets and panic sell is on extreme. However they want to fight in the court and let's believe for a positive update, until then please hodl and wait patiently.
I was planning to invest to ripple and I hope this is not a bad news, I've seen that the price of it dramatically crash and I'm doubting whether to invest Ripple.
Maybe I should just wait for some update about it before going to invest.
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.
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.
The owner of ripple made a huge mistake by selling it's holdings in big number this caused a massive drop in the price firstly else the price would have gone more than 1$ in my opinion, now such a big news has caused a major blow to the XRP founder, people have started to sell their assets and panic sell is on extreme. However they want to fight in the court and let's believe for a positive update, until then please hodl and wait patiently.
Just as big events such as halving for example most times causes an appreciation in price of a cryptocurrecy, so does a bad news result in a plunge or a total collapse, this law suit is going to bring ripple down and tbh I doubt they'll be able to recover from it, quite a lot of people have pulled out and are still pulling out of the network to cut their losses, it's indeed a bad period for big time ripple holders.
For as long as this case lingers, the demand for XRP will prolly be zero, and when a crypto lacks demand for it, it's more or less is a dead coin, I'll honestly want to see how long this case goes on, the verdict and what the future holds for ripple, if any at all.
For as long as this case lingers, the demand for XRP will prolly be zero, and when a crypto lacks demand for it, it's more or less is a dead coin, I'll honestly want to see how long this case goes on, the verdict and what the future holds for ripple, if any at all.
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
At the time of creating this thread the XRP price is $0.34 and it is over 30% down in the last 24 hours. The SEC has filed a lawsuit against Ripple and things are going to take a long time to settle because Ripple intend on fighting the allegations in Court.
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Here is what the BBC news website stated: https://www.bbc.co.uk/news/technology-55415350
Crypto-currency firm Ripple has been charged with conducting investments without proper licences by the US Securities and Exchange Commission.
The SEC asserted that Ripple's XRP token is a tradable asset, known as a security, and thus subject to regulation.
The firm argues that XRP is a currency and therefore does not have to be registered as an investment contract.
The value of XRP fell by more than 30% on the news.
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More links:
https://www.cnbc.com/2020/12/23/cryptocurrency-xrp-plunges-25percent-after-sec-files-lawsuit-against-ripple.html
https://www.ibtimes.com/why-sec-suing-ripple-what-know-about-xrp-lawsuit-3108368
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Here is what the BBC news website stated: https://www.bbc.co.uk/news/technology-55415350
Crypto-currency firm Ripple has been charged with conducting investments without proper licences by the US Securities and Exchange Commission.
The SEC asserted that Ripple's XRP token is a tradable asset, known as a security, and thus subject to regulation.
The firm argues that XRP is a currency and therefore does not have to be registered as an investment contract.
The value of XRP fell by more than 30% on the news.
------------------------------------------------
More links:
https://www.cnbc.com/2020/12/23/cryptocurrency-xrp-plunges-25percent-after-sec-files-lawsuit-against-ripple.html
https://www.ibtimes.com/why-sec-suing-ripple-what-know-about-xrp-lawsuit-3108368
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