Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: admin on December 25, 2020, 07:08:57 PM
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XRP is and always was an odd one in decentralization, but it does have a strong hype community
The SEC decision could affect the coin in ways that the average hodler might not take in consideration
1- Delisting from many exchanges that do not want to be considered offering securities
2- Dumping by big capital firms and investors, where the real volume is.
3- Partnerships with banks and so on ... gone
hodlers will keep hodling and hyping, but long term i am not very optimistic ...
but that's just my opinion, i might be wrong
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Everybody's eyes are on Ripple now, they need to take action as soon as the possible price is not looking good, there's going to be a domino effect here, once one big exchange delist Ripple other exchanges will follow, and once whales started to dump smallholders are going to follow, and this is really a big disaster for Ripple, we may see the demise of Ripple this year.
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XRP is a good coin ad its price is down now just for a little time but i hope soon the price of the coin is go high and this time the price is low as 0.30$ of one XRP coin price.
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Correct comment. Because the coin has dumped the maximum amount several times. One of the investors around me made a profit by selling it. But another friend, holding $8,080, dumping Because a lot has been damaged. Everyone knows about the current market. There is no need to reinterpret.
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In my opinion the exchanges that delisted XRP are not big exchanges. This could be the big problem of xrp if exchanges are the one in act like binace. That is why I am still optimistic with xrp. Also, we don't really know why would in the time like this the SEC did something that will shaken the hodlers. I just can't hold my self think on the other side of a coin that this might just be part of the whales plan. They are using the influence of SEC and then when the time is right another thing to be reveal to bounce back.
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At the moment, it is not yet clear what will happen with XRP, but the price of XRP of course continues to fall and fall and therefore somehow I don’t want to invest in XRP at all, but of course the creators of XRP have a lot of money and maybe they will pay a lot of money to SEC so that all these problems will be solved, and if this will happen, then XRP will start growing again.
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Already started its effect on the market price of XRP after SEC's such decision. I haven't find any specific reason why XRP dumped but with few search i have found this reasons. Already XRP lost 50% price and marketcap and will suffer more if more and more exchange will delist it. Investors of XRP are now in panic although i have sold my all XRP in profits. I am now free from this tension.
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According to the XRP, the Public and Press are just listening to the one side story and did not hear the XRP response. XRP is filing a response/reply within weeks to make things better.
Source: https://ripple.com/insights/our-statement-to-recent-market-participant-activity/ (https://ripple.com/insights/our-statement-to-recent-market-participant-activity/)
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According to the XRP, the Public and Press are just listening to the one side story and did not hear the XRP response. XRP is filing a response/reply within weeks to make things better.
Source: https://ripple.com/insights/our-statement-to-recent-market-participant-activity/ (https://ripple.com/insights/our-statement-to-recent-market-participant-activity/)
On December 22, the SEC filed a lawsuit against the top executives of the ripple network, accusing them of selling $ 1.3 billion in unregistered securities and a hidden sale of more than $ 800 million XRP coins from users. The claim has been accepted by the court and we will soon know more details about this case. In all likelihood, the evidence will be sufficient to enforce multibillion-dollar fines. If they are paid, then ripple can continue to operate. At the same time, if the allegations are confirmed, the ripple's reputation will be severely damaged.
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I think number 2 of this admin thread is very useful to discuss.
The benchmark is that the SEC is the source of various regulations for finance, I assure you there are lots of investors buying Ripple.
In other words, the investor wanted a Ripple dump and after the Dump happened, investors from the SEC bought it below and that's an old trick in cryptocurrency trading.