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❕NEWS The lawsuit of the SEC against ripple causing price drops

AudraMiller

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With the SEC lawsuit that is pending, the price of bitcoin has taken a major hit as many of the investors are starting to sell off their ripple investments. The price of ripple (XRP) has dropped y over 30% in the last day alone. This is less that half of the all time high that we saw ripple reach this year, with the price having a low of $0.35 in the last 24 hours. At this point it is unclear whether ripple will rise or if there will be a reduction in the ripple price and we may see a lower value.
 
With the SEC lawsuit that is pending, the price of bitcoin has taken a major hit as many of the investors are starting to sell off their ripple investments. The price of ripple (XRP) has dropped y over 30% in the last day alone. This is less that half of the all time high that we saw ripple reach this year, with the price having a low of $0.35 in the last 24 hours. At this point it is unclear whether ripple will rise or if there will be a reduction in the ripple price and we may see a lower value.
Yes, It is very bad for ripple, because it's value is very low, and the lawsuit on it make it more weaker, it seems like ripples market is going down and it will be not able to compete with other major cryptos for next few years.
 
Oh wow the price has dropped already. This is so bad for those that invested in ripple. Well, let keep our fingers crossed till the law suit period is over.
 
Yes, It is very bad for ripple, because it's value is very low, and the lawsuit on it make it more weaker, it seems like ripples market is going down and it will be not able to compete with other major cryptos for next few years.
Yes ripple may have a hard time recovering, however if they had to win the lawsuit against the SEC, this can be a major development for the crypto world and the price will surely rise as a win will give people much more confidence in ripple and its coins.
 
Three exchanges have suspended trading in ripple and heard Coinbase is going to delist ripple from its list of coins on their site. Anyone hoping for a recovery will need to be patient if the case goes all the way to court.
 
Ripple rose from 26 cents to 33 cents within 24 hours but has fallen back slightly to 30 cents in last few hours. Perhaps a few ups and downs in the next few days until the market decides on price.
 
The lawsuit against Ripple affected Ripple a lot, its price has been decreasing unexpectedly. Some exchanges have suspended Ripple trading and some exchange also want to delist Ripple.
 
The price is still on the down. It is most this like this because of the withdrawal of investors even some exchanges stoping trading & deposit. I hope things pick up coming months
 
I'm sorry my dear friend. Looking at the BTC / $ ratio now, I haven't seen any drop in value in recent times. Here you or you can observe.
BTC.GIF

But, have said this I'm was not able to find the ratio XRT / $. Can you show me it please?
Anyway I would like to observe this: last night, BTC = $ 25,000. Now as you can see $ 27,850.
That means a growth by $ 2,850 over a half-day time frame!
 
It is difficult to predict what will happen as a result of the court, but Ripple will likely get a large fine.
If XRP is declared a security, its investors may be in a very difficult situation.
 
It is difficult to predict what will happen as a result of the court, but Ripple will likely get a large fine.
If XRP is declared a security, its investors may be in a very difficult situation.
If all it would take is a large fine then, that should be fair enough and prevent things from dragging out for so long to give the coin ample time to recover.
 
If all it would take is a large fine then, that should be fair enough and prevent things from dragging out for so long to give the coin ample time to recover.
It doesn't seem like it will end in just a fine, apparently. It will definitely get the fine, I think, but according to the reports, things will not be that simple and fast.
 
With the SEC lawsuit that is pending, the price of bitcoin has taken a major hit as many of the investors are starting to sell off their ripple investments. The price of ripple (XRP) has dropped y over 30% in the last day alone. This is less that half of the all time high that we saw ripple reach this year, with the price having a low of $0.35 in the last 24 hours. At this point it is unclear whether ripple will rise or if there will be a reduction in the ripple price and we may see a lower value.
Well , Ofcourse every investors expected this to happen . We only hope that ripple won't disappoint us. They need to win the case .
 
Judging by the latest news, I think the trial will start in February. The SEC seems to have an intention to expedite the case.
 
Judging by the latest news, I think the trial will start in February. The SEC seems to have an intention to expedite the case.
Why will they delay the trial till February ? Is quite a long time and I don't think it will favour ripple ,because investors have a long time to wait .
 
It has fallen further and now currently at $0.23 , i think there was a time the coin fell to $0.17 , and this really shows how the coin is really falling on a daily basis ,lets see how the law suit case goes
 
It has fallen further and now currently at $0.23 , i think there was a time the coin fell to $0.17 , and this really shows how the coin is really falling on a daily basis ,lets see how the law suit case goes
With the price maintaining a $0.20 price amdist the lawsuit , it has shown that the coin is bound to survive this lawsuit . We can't wait to see xrp back to it's shine
 
With the price maintaining a $0.20 price amdist the lawsuit , it has shown that the coin is bound to survive this lawsuit . We can't wait to see xrp back to it's shine
Well lets see but to be sincere the coin really dropped to a very high volume , like from $0.50-$0.20 , i think the influence of the lawsuit case was really high
 

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