XRP did mistake!

[Dorjoy12 8962]

Xrp or Ripple is the top ten ranked  crypto currency  in crypto world  but now It's  look like that it had a bad future  due to some mistake..   Wednesday,  the Hong Kong exchange  site OSL suspended  the xrp trading  because xrp  violating federal securities laws via sales of XRP to retail consumers...  In this case, OSL exchange  site taken this decision  which lead xrp price  drop to 33 cents... 

 

So guys  do you think xrp will raise up again from this situation?

[Raqeebzy 6456]

1 hour ago, Dorjoy12 said:

Xrp or Ripple is the top ten ranked  crypto currency  in crypto world  but now It's  look like that it had a bad future  due to some mistake..   Wednesday,  the Hong Kong exchange  site OSL suspended  the xrp trading  because xrp  violating federal securities laws via sales of XRP to retail consumers...  In this case, OSL exchange  site taken this decision  which lead xrp price  drop to 33 cents... 

XRP is crashing right now. Most likely due to lawsuit faced from United States' security exchange commission (SEC) for breaking investor protection law in trading XRP. It has beed having so much negative effect and this is some part of it. https://coinmarketcap.com/nl/headlines/news/ripples-xrp-slides-13-on-sec-lawsuit-worries-whats-next/

[zagzag 320]

In addition, there was another warm development. Bitwise management, the crypto asset manager claiming that XRP is a security, has also taken action and announced that it has terminated the XRP position in cryptocurrency index funds.

[jackycrypto485 1055]

In fact, now Ripple's future is in great danger due to a lawsuit filed against Ripple, where Ripple has been accused of violating securities laws in selling the XRP currency, and a lawsuit has been filed regarding this by the US Securities and Exchange Commission (SEC), the direct reason for the lawsuit is to collect At least $ 1.38 billion by Ripple by selling XRP without providing the kind of financial and management information required. It used this money to fund its operations and maintain XRP trading markets.

[Brushless4500KV 4214]

Yesterday, I made a big mistake to buy some XRP because I saw it has crashed heavily and thought that it is a good time to invest in it but after my purchase I read in the news that XRP has been accused with offering securities without registration. Ripple has to defend XRP in the courts and will have a hard time to save the coin. I don't know what will happen to XRP in the next few weeks. I bought it at $0.36 and it is now about $0.28! I have already lost about 7% of my capital. I have two options. 1 - To wait until it rises again. 2 - To convert it to another coin to compensate for losses. What is your suggestion? I want to get out of XRP with the least damage.

[huesca123 946]

The SEC ( Security Exchange Commission ) of the USA, has now opened criminal preceding against Ripple / EXRP. For illegally selling their coins to investors. Apparently, the way XRP sold their coins to investors was illegal. Of course, this has hit the price of XRP very hard. Also, other crypto currencies. Even the head / owner of XRP, admitted that they have done this. It was done unintentional but ignorance is no excuse in the eyes of the USA justice system.It can also be the case that the SEC is using XRP as a scapegoat. 

 

Where this goes remains to be seen. This just might be a smoke screen that the SEC will use to start to attack all cryptocurrencies & the trading of them. You never know how things can go anytime when the USA starts making waves against something or someone. Only time will tell.

[humna khan 242]

Oh yes i read in the news that xrp has been accused with offering securities without registration xrp is crashing right now 

[mrboks1232 611]

I would recommend everyone to leave their panic and wait for better times for ripple.

[barancell12 89]

It's surprising that the third most valuable coin is in this state. While there are many worthless coins in the crypto coin market, negative news about Ripple suddenly decreased the value of Ripple. There were people who thought it would go down a lot after the Spark Token. But this news was unpredictable.

Edited December 24, 2020 by barancell12

[Aledar 48]

Ripple is having lawsuit which is not good for its price and its reputation of XRP, just because of that XRP is losing a lot in price, if they lose lawsuit XRP will be removed from a lot of exchanges.

[Cleaner 2549]

Ripple coins are the best currency in the crypto world.  But the ripple coin suddenly started to go down.  But if you sell these coins in panic for the price to go down, you will be wrong.  So hold or invest your coin.  I see now Ripple has started pumping again.

[Dorjoy12 8962]

11 hours ago, NesMarket said:

it is not profitable to have money invested in xrp at the moment.

But i am pretty sure that xrp wont be die like this just for some suspended from different exchange or security..  In this case, its risky to invest on xrp but the profit will be outstanding..  Those trader who has experience about risky trading can make good profit now Because yesterday xrp was 27 cent and today 33 cent mean increase up..            

[zrinja 1]

This is coin that is long present and I think that drop of price is more due panic than real issues, I am sure it will be stable again soon, I would hold it.

[jackycrypto485 1055]

On 12/24/2020 at 1:59 PM, Brushless4500KV said:

Yesterday, I made a big mistake to buy some XRP because I saw it has crashed heavily and thought that it is a good time to invest in it but after my purchase I read in the news that XRP has been accused with offering securities without registration. Ripple has to defend XRP in the courts and will have a hard time to save the coin. I don't know what will happen to XRP in the next few weeks. I bought it at $0.36 and it is now about $0.28! I have already lost about 7% of my capital. I have two options. 1 - To wait until it rises again. 2 - To convert it to another coin to compensate for losses. What is your suggestion? I want to get out of XRP with the least damage.

I made a mistake bigger than yours, I bought it when the price was 0.55$ because I thought it would explode and it would reach 3$ as it happened in 2018, however there is still some time to get out of this mess, for me I sell at a good point and buy back From the bottom, but I intend to get rid of it before the month of March, because perhaps the outcome of the trial will be negative, and then we will lose everything.

[Ryken8 545]

Some people see this eventual lawsuit as an attempt to attack or control the decentralized nature of cryptocurrency. The US SEC is trying to regulate and control xrp that may eventually lead to more attempts on other crypto. We should continue to support cryptocurrency as a decentralized form of currency and should not allow any government to take control of it.

[Brushless4500KV 4214]

5 hours ago, jackycrypto485 said:

I made a mistake bigger than yours, I bought it when the price was 0.55$ because I thought it would explode and it would reach 3$ as it happened in 2018, however there is still some time to get out of this mess, for me I sell at a good point and buy back From the bottom, but I intend to get rid of it before the month of March, because perhaps the outcome of the trial will be negative, and then we will lose everything.

The sudden fall of XRP fooled many people. They thought that it is a great time to buy at the bottom and sell at $0.75! I also suspected this price crash because ETH, BTC and LTC were still high but XRP was 36% down! Since Ripple often follows BTC, there should be a problem when it changes direction. Anyway, I sold it with some losses because I didn't want to lock my money up in XRP with an unknown future. I will soon recover my losses through day trading with BTC.

[cryptoman22 1026]

I personally think that XRP will not die but certain that are doing a lot of damage will not die for the simple reason that a lot of capital behind this cryptocurrency I think will go forward
A big greeting to the whole community and good luck

[Antonio Mendoza 173]

We are going to see this with different coins, now the SEC, putted the eyes in central proyect the reason is easy money, this affect the price very strongly, personally I will buy in the deeply I hope that the price down much more at the end of this new always we can see the sun, is only bad situation but not the end for XRP there are many company behind this

[jackycrypto485 1055]

19 hours ago, Brushless4500KV said:

The sudden fall of XRP fooled many people. They thought that it is a great time to buy at the bottom and sell at $0.75! I also suspected this price crash because ETH, BTC and LTC were still high but XRP was 36% down! Since Ripple often follows BTC, there should be a problem when it changes direction. Anyway, I sold it with some losses because I didn't want to lock my money up in XRP with an unknown future. I will soon recover my losses through day trading with BTC.

I think you made the right decision, the future of XRP is now unknown and nobody knows what could happen, Ripple could lose the case and thus XRP will end up as a coin and this scenario is very bad so it is better to get rid of it even with a loss and I think I will do the same.

[Goyaa 2414]

That's why the price of XRP fell dramatically after rising at the end of November. The abuses committed by XRP have a long tail as the Hong Kong exchange has suspended the sale of XRP there. This surprised us because after going up, XRP went straight down to its previous price. In my opinion, building trust in the crypto world is very important, if investors have lost faith it will be difficult for the coin to survive in the market.

[Brushless4500KV 4214]

4 hours ago, jackycrypto485 said:

I think you made the right decision, the future of XRP is now unknown and nobody knows what could happen, Ripple could lose the case and thus XRP will end up as a coin and this scenario is very bad so it is better to get rid of it even with a loss and I think I will do the same.

I don't recommend you anything regarding what to do with your XRP coins my friend because I don't want anyone to act based on my words. You may do something and regret what you have done. I suggest you to consider all the aspects yourself before making a final decision. I preferred to sell with some losses (not big ones). I was afraid of XRP to be delisted from exchanges. I couldn't tolerate thinking about Ripple's fate all day long. I sold it because the piece of mind I have now worth more than a few dollars I lost.

[zhoutong 2188]

Bistamp suspended and there will be more. When Coinbase suspends XRP trading it will be the end and price will go lower than 10 cents. Maybe Binance will keep trading. In fact I never made good trades with XRP and I wasn't able to predict the 200% pumps it had during the last three years since I joined, and all the rest times it was only dropping in sat and usd.

[Naeem321 1]

tail as the Hong Kong exchange has suspended the sale of XRP there. This surprised us because after going up, XRP went straight down to its previous price. In my opinion, building trust in

[Ridam 7455]

Xrp is facing huge bad problems at the moment and as the case filed by SEC getting huge attentuon Xrp seems to go more into this problem. And because of this decision we have seen huge dump in the price of Xrp and many exchanges de-listed XRP. And I think if this goes same sure all exchanges providing services on US won't be able to provide XRp trading. And For Traders, I suggest to stay away from Xrp untill everything settled out.

 

[Dorjoy12 8962]

On 12/26/2020 at 8:15 PM, Ocean of Islam said:

Yes dear @Dorjoy12 you are absolutely right as they violated the rules and regulations they are banned at for some time till they review Thier rules which are threat for national security.

 But xrp can recover this problem sooner or later which will help to pump xrp for long term..  Actually some xrp holder become panic to get this suspended news of xrp which lead them down more xrp price.  By the way, xrp project team is strong so wait for some myth